Flash Note Nº 12

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

In the first quarter of 2024, the current account recorded a surplus of USD 1.5 Billion (B), a year-on-year increase of approximately USD 1.1B – the value of the current account represents approximately 6.2% of Gross Domestic Product (GDP), according to BNA data.
In the first three months of 2024, the current account recorded a large surplus. This result was mainly influenced by the drop in imports of goods, currently at USD 1.9B against USD 2.6B in the Q1 of 2023.
Excluding the variation in international reserves, the financial account recorded a deficit of around USD 1.1 billion (-22.1% yoy).

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BFA

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