External Debt in Brazil

Brazil External Debt | Economic News & Forecasts

Brazil - External Debt

Current account deficit widens in July

Brazil’s current account balance came in at a deficit of USD 4.4 billion in July, a deterioration from the USD 3.4 billion shortfall recorded in the same month last year. July’s result marked the first deficit since February.

The wider current account deficit was primarily due to a lower trade balance, which came in at surplus of USD 4.2 billion in July (July 2017: USD 6.3 billion). Soaring import growth was chiefly behind the weaker trade surplus due to record high imports of oil platforms under the special customs program Repetro. Meanwhile, foreign direct investment came in at USD 3.9 billion in July, below July 2017’s USD 4.1 billion.

As a result, the 12-month accumulative current account deficit widened in July to USD 15.0 billion from June’s USD 14.0 billion deficit. July’s result represented approximately 0.8% of GDP.


Brazil Current Account Balance Forecast


Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 0.9% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.5% of GDP.

Brazil - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)12.7  14.4  18.6  18.0  15.1  

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Brazil External Debt Chart


Brazil External Debt
Note: External debt as % of GDP.
Source: Central Bank of Brazil and Met the why particular calculations.

Brazil Facts

ValueChangeDate
Bond Yield11.76-0.82 %Sep 24
Exchange Rate4.09-0.13 %Sep 24
Stock Market77,984-0.11 %Sep 24

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