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Brazil's balance of payments recorded a US$ 2.545 billion surplus in May, a result 4.2 times higher than the surplus of US$ 600 million recorded in May 2017, the Brazilian Central Bank said on Monday.

Last month, the capital account was positive at US$ 26 million, doubling the amount recorded a year ago, (US$ 12 million). In the financial account, the balance was positive at US$ 1.166 billion in May, 58.5% lower compared to a US$ 2.815 billion surplus a year earlier.

Year-to-date, the capital account had a surplus of US$ 177 million, compared to a surplus of US$ 143 million in the same period of 2017. The financial account was US$ 1.617 billion negative from January to May, compared to a positive result of US$ 498 million in the same period last year.

Foreign Direct Investment in Brazil totaled US$ 2.978 billion last month, 2.9% higher than in May 2017 ( US$ 2.892 billion). In the year, the foreign investment totaled US$ 23.344 billion, 27.5% lower than in the same period in 2017 (US$ 32.240 billion).

In 12 months, the Foreign Direct Investment in Brazil totaled US$ 61.790 billion, equivalent to 3.07% of Gross Domestic Product (GDP), which is 0.1% higher than in the 12 months to April (US$ 61.704 billion).