Overview

• The August current account deficit came in at US$4.669 billion, improving from July’s US$7.516 billion and marking the smallest August shortfall since 2023.
• On a 12‑month basis through August, the deficit reached US$76.2 billion, equal to 3.51% of GDP, down from 3.66% in July.
• The month’s composition showed a US$5.47 billion trade surplus offset by a US$4.19 billion services deficit and a US$6.343 billion primary income shortfall, with international travel posting a US$1.204 billion deficit.
• Net foreign direct investment totaled US$7.989 billion in August, led by reinvested earnings and capital participation, with the 12‑month IDP at US$69.0 billion (3.18% of GDP).
• Portfolio flows featured a US$161 million equity outflow and US$3.33 billion in local fixed‑income inflows, while the Central Bank projects about US$70 billion for both the 2025 current‑account deficit and net IDP after methodological revisions raised prior gaps.