International Reserves in Brazil
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
|International Reserves (USD)||359||364||356||365||374|
5 years of economic forecasts for more than 30 economic indicators.
Brazil International Reserves Chart
Source: Central Bank of Brazil and Met the why particular calculations.
|Bond Yield||9.00||-0.82 %||Feb 21|
|Exchange Rate||3.77||-0.13 %||Feb 21|
|Stock Market||96,932||-0.11 %||Feb 21|
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February 15, 2019
In December, economic activity increased 0.2% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
February 13, 2019
Retail sales (excluding cars and construction) fell 2.2% from the previous month in seasonally-adjusted terms in December, notably contrasting November’s revised 3.1% expansion (previously reported: +2.9% month-on-month) and the largest drop since January 2016. Declines were recorded in five of the eight categories of the index, with notably contractions in sales of other articles for personal and domestic use, and furniture and household appliances. On an annual basis, retail sales rose 0.6% in December, notably below November’s 4.5% expansion.
February 8, 2019
Consumer prices rose 0.32% in January over the previous month, accelerating from December’s 0.15% increase.
February 6, 2019
At its 5–6 February meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, 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.
February 4, 2019
Conditions in Brazil’s manufacturing sector improved at the start of 2019.