RIO DE JANEIRO, BRAZIL - Total profit remittances from U.S. companies abroad to the United States were lower in 2020 than the year before. Compared with US$519.7 billion in 2019, they fell by about US$68 billion last year to US$452 billion, down 13%, according to official data released last week.
The balance of movements was positive in almost all countries where U.S. multinationals operate.
The "almost" refers to two cases worldwide. Venezuela, which recorded a negative flow of US$158 million, and Argentina, which had a deficit of US$157 million, just one million less . . .