External Debt in Brazil
Brazil - External Debt
Current account deficit narrows in February
Brazil’s current account recorded a USD 2.4 billion deficit in February, improving from the USD 4.0 billion shortfall logged in February last year, and from the USD 8.1 billion deficit clocked in January.
February’s result largely reflected the surplus in trade goods, a swing from last year’s deficit. However, the services account shortfall widened from a year ago, as did the primary income account deficit. Meanwhile, net foreign investment was positive in the month, totaling USD 11.8 billion in inflows (February 2021: USD +8.8 billion) and marking the highest value since January 2017.
Accordingly, the 12-month sum of the current balance tightened to a USD 26.1 billion deficit from the USD 27.7 billion shortfall recorded in January, which was equivalent to approximately 1.5% of GDP (January: approximately 1.7% of GDP).
The LatinFocus Consensus Forecast projects a current account deficit of 1.4% of GDP in 2022. For 2023, panelists foresee the current account deficit at 1.9% of GDP.
Brazil - External Debt Data
|External Debt (% of GDP)||18.6||18.1||15.4||17.0||17.6|
5 years of economic forecasts for more than 30 economic indicators.
Brazil External Debt Chart
Source: Central Bank of Brazil and FocusEconomics calculations.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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May 10, 2022
Retail sales increased 1.0% month-on-month in seasonally-adjusted terms in March (February: +1.3% mom).
May 4, 2022
At its 3–4 May meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB) unanimously decided to raise the benchmark SELIC interest rate by a further 100 basis points—as was largely expected by markets—bringing it to 12.75%.
May 3, 2022
Industrial production increased 0.3% month-on-month in seasonally-adjusted terms in March (February: +0.7% s.a.
May 2, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 51.8 in April, down from March's 52.3.
May 2, 2022
Economic activity increased 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.7% decrease.