External Debt in Brazil
Brazil - External Debt
Current account deficit narrows in March
Brazil’s current account balance came in at a deficit of USD 494 million in March, a smaller shortfall than the USD 666 million deficit recorded in the same month of 2018.
The improvement was primarily due to a lower services bill which fell by over 25% from the same month last year. Meanwhile, the trade surplus actually deteriorated, dropping from USD 6.0 billion in March 2018 to USD 4.5 billion in March of this year. Contracting exports due to depressed demand from Argentina and iron ore production halts following the Vale dam disaster drove the decline. Meanwhile, foreign direct investment came in at USD 6.8 billion in March, below March 2018’s USD 7.8 billion.
The 12-month trailing current account deficit hit USD 13.7 billion in March, a smaller shortfall than February’s USD 13.9 billion deficit. March’s result is equal to approximately 0.7% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.3% of GDP in 2019. For 2020, 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||8.90||-0.82 %||May 13|
|Exchange Rate||3.99||-0.13 %||May 13|
|Stock Market||91,727||-0.11 %||May 13|
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May 15, 2019
In March, economic activity decreased 0.3% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
May 11, 2019
Retail sales (excluding cars and construction) increased 0.3% from the previous month in seasonally-adjusted terms in March, a mild increase from February’s flat growth.
May 11, 2019
Consumer prices rose 0.57% in April over the previous month, a softer gain than March’s 0.75% increase and undershooting expectations of a larger 0.68% rise.
May 9, 2019
At its 7–8 May meeting, the Central Bank of Brazil’s Monetary Policy Committee (COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March 2018.
May 3, 2019
Industrial production plunged 1.3% month-on-month in seasonally-adjusted terms in March, the largest contraction since September 2018.