Foreign direct investment (FDI) in the Brazilian economy reached USD 52.63 billion between January and July, the highest level for the same period since 2012.
According to a report released Monday by the Central Bank of Brazil, in July alone, FDI inflow in the South American country totaled USD 7.72 billion, compared to USD 6.64 billion in July of last year.
The FDI inflow reflects the recovery of Latin America’s largest economy, whose economic growth is estimated at 2.67 percent in 2022, according to financial market analysts.
The central bank’s FDI forecast for 2022 is USD 55 billion, while the financial market’s estimate is USD 61 billion.
Last year, Brazil’s FDI totaled USD 46.44 billion.
The current level is the highest since January and July 2012, when FDI totaled USD 56.4 billion.