Brazil registers highest net capital outflow in nine years

RIO DE JANEIRO, Dec. 3 (Chinese media) -- The escalation of the international financial crisis caused Brazil to have a net capital outflow of 7.15 billion U.S. dollars in November, the country's Central Bank said Wednesday.

The figure was a surge from the 4.6 billion dollar outflow registered in October and the highest since January 1999, when Brazil had a net capital outflow of 8.5 billion dollars.

In the first 11 months of 2008, Brazil had an accumulated net capital inflow of only 5.3 billion dollars, down 93 percent from the 82 billion dollars registered in the same period last year, the central bank said.

In November 2007 alone, the country registered a net capital inflow of 5.2 billion dollars.

According to the central bank, Brazil's financial account registered a deficit of 10.2 billion dollars in November, up from 6.2 billion dollars in October. In the first 11 months of 2008, the accumulated deficit reached 42.6 billion dollars.

In addition, the country's current account had a surplus of 3.1billion dollars in November, up from 1.6 billion dollars in October. Imports totaled 10.3 billion dollars, while exports amounted to 13.4 billion dollars.