BRASILIA--Brazil's current-account deficit widened in October to $7.9 billion, compared to $3.5 billion deficit reported in September, as the country's yearly trade surplus shrunk, the central bank said Monday.
The 12-month current-account deficit was $54.8 billion through October, or 3% of gross domestic product, versus a revised $48.9 billion, or 2.67% of GDP, through the month before.
In October 2018, Brazil recorded a revised current-account deficit of $2 billion. The country posted a $5.3 billion trade surplus back then, excluding services, and a much smaller $490 million surplus last month.