International Reserves in Brazil

Brazil International Reserves | Economic News & Forecasts

Brazil - International Reserves

Current account deficit widens in 2018

Brazil’s current account balance came in at a deficit of USD 815 million in December, a smaller shortfall than the USD 2.1 billion deficit recorded in the same month of 2017.

The improvement was due chiefly to a higher trade surplus, which came in at USD 6.2 billion in December (December 2017: USD 4.6 billion). Meanwhile, foreign direct investment jumped to USD 9.0 billion in December, above the USD 3.1 billion recorded in the same month of the previous year.

Despite December’s result, the current account deficit widened in 2018 as a whole. The current account deficit grew from 0.4% of GDP in 2017 to 0.8% of GDP. A fall in the trade surplus was chiefly behind the result as imports ballooned to over 20% due to government tax incentives and recovering household spending. That said, the result is still positive overall, and the economy managed to attract a solid USD 88.3 billion in FDI in the year, or approximately 4.7% 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 - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)359  364  356  365  374  

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Brazil International Reserves Chart

Brazil International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Brazil and Met the why particular calculations.

Brazil Facts

Bond Yield9.00-0.82 %Feb 21
Exchange Rate3.77-0.13 %Feb 21
Stock Market96,932-0.11 %Feb 21

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