External Debt in Brazil
Brazil - External Debt
Current account deficit broadly stable in April
Brazil’s current account balance came in at a deficit of USD 62 million in April, largely unchanged compared to the USD 61 million shortfall recorded in the same month of 2018.
The result reflected a broadly unchanged trade surplus of USD 5.4 billion (April 2018: USD 5.5 billion). Both exports and imports contracted on an annual basis in April, reflecting the sour economic backdrop in Brazil. Meanwhile, the services account deficit increased slightly. Foreign direct investment came in at USD 7.0 billion in April, above April 2018’s USD 3.0 billion.
The 12-month trailing current account deficit was unchanged at USD 13.7 billion in April, matching March’s result and equal to approximately 0.7% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.2% of GDP in 2019. For 2020, panelists expect the current account deficit to widen to 1.6% 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 FocusEconomics calculations.
|Bond Yield||7.88||-0.82 %||Jun 13|
|Exchange Rate||3.85||-0.13 %||Jun 13|
|Stock Market||98,774||-0.40 %||Jun 13|
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June 14, 2019
In April, economic activity decreased 0.5% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
June 12, 2019
Retail sales (excluding cars and construction) fell 0.6% from the previous month in seasonally-adjusted terms in April, contrasting March’s 0.1% increase.
June 7, 2019
Consumer prices rose 0.13% in May over the previous month, a softer gain than April’s 0.57% increase and undershooting expectations of a larger 0.20% rise.
June 4, 2019
Industrial production rose a soft 0.3% month-on-month in seasonally-adjusted terms in April, contrasting March’s revised 1.4% drop (previously reported: -1.3% mom) and undershooting market expectations.
June 3, 2019
Conditions in Brazil’s manufacturing sector appear to have deteriorated further in May.