Direct Portuguese investment in Brazil worth US$ 177 million in first half of year

24 July 2007

Brasilia, Brazil, 24 July – Direct Portuguese investment in Brazil in the first six months of the year totaled US$ 177 million, according to official sources.

Brazil’s central bank said Monday that total foreign direct investment (FDI) in Brazil was US$ 20.864 billion in the first half of the year, up 182.5 percent in a year-on-year comparison.

The official Brazilian figures show that Portuguese firms invested US$ 20 million in Brazil in June and that Portugal is 16th in the ranking of Brazil’s biggest foreign investors this year.

In top spot is the Netherlands (US$ 6.566 billion), followed by the United States (US$ 3.210 billion), Spain (US$ 1.369 billion), the Cayman Islands (US$ 1.228 billion) and Germany (US$ 1.205 billion).

Brazil’s FDI in June hit a record US$ 10.318 billion, the biggest ever monthly figure recorded in the country and primarily due to ad hoc transactions. (macauhub)