RIO DE JANEIRO, BRAZIL - Foreign direct investments in the Brazilian economy totaled US$34.167 billion in 2020, down 50.6% from 2019, the Central Bank reported on Wednesday, January 27th.
It was the lowest inflow of direct investments into the Brazilian economy since 2009 (US$31.480 billion), and occurred amid the drop in Gross Domestic Product (GDP) and tension in the markets, caused by the novel coronavirus pandemic.
Despite the drop, foreign investments were enough to cover the shortfall in external accounts last year.
The head of the Central Bank's Statistics Department, Fernando Rocha, said the drop . . .