External Debt in Brazil
Brazil - External Debt
Current account surplus narrows in May
Brazil’s current account balance came in at a surplus of USD 729 million in May, below the USD 2.8 billion surplus registered in the same month a year prior, but up from April’s downwardly revised USD 520 million surplus (previously reported: USD 620 million). The print was below market expectations of a USD 870 million surplus.
The narrower current account surplus in May compared to the previous year was primarily due to the effects of a trucker strike, which impacted several key areas of the economy. As a result, exports contracted in annual terms for the first time since December 2016, falling 2.8% in May (April: +12.7% year-on-year). Meanwhile, import growth moderated to 9.3% in May from April’s robust 28.7% expansion. Foreign direct investment came in at USD 3.0 billion in May, above May 2017’s USD 2.9 billion.
The 12-month accumulative current account deficit widened in May to USD 13.0 billion from April’s revised USD 11.0 billion deficit (previously reported: USD 8.9 billion). May’s result represented approximately 0.7% of GDP.
Brazil Current Account Balance
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.0% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.7% of GDP.
Brazil - External Debt Data
|External Debt (% of GDP)||12.7||14.4||18.6||18.0||15.1|
5 years of economic forecasts for more than 30 economic indicators.
Brazil External Debt Chart
Source: Central Bank of Brazil and Met the why particular calculations.
|Bond Yield||11.35||-0.82 %||Jul 13|
|Exchange Rate||3.85||-0.13 %||Jul 13|
|Stock Market||76,594||-0.11 %||Jul 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 11, 2018
Retail sales (excluding cars and construction) fell 0.6% from the previous month in seasonally-adjusted terms in May, contrasting April’s revised 0.7% expansion (previously reported: +1.0% month-on-month).
July 6, 2018
Consumer prices rose 1.26% in June over the previous month, the sharpest increase since January 2016.
July 3, 2018
Industrial production plunged in May, dropping at the fastest pace since December 2008.
July 2, 2018
Business sentiment in Brazil declined in June, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 110.1 points in June from 111.1 points in May.
July 2, 2018
Conditions in Brazil’s manufacturing sector weakened in June according to the IHS Markit.