External Debt in Brazil
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
|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||11.76||-0.82 %||Sep 24|
|Exchange Rate||4.09||-0.13 %||Sep 24|
|Stock Market||77,984||-0.11 %||Sep 24|
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September 20, 2018
At its 18–19 September meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Politica Monetaria, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%.
September 7, 2018
Despite being less than a month away, Brazil’s 7 October elections remain highly uncertain, with several candidates possible contenders for the presidency.
September 6, 2018
Consumer prices fell 0.09% in August over the previous month, contrasting July’s 0.33% rise and marking the first drop in over a year.
September 5, 2018
Industrial production swung to contraction in July, after recording the largest expansion in over a decade in June as the economy returned to normal following a truckers’ strike.
September 4, 2018
Conditions in Brazil’s manufacturing sector improved in August.