International Reserves in Brazil

Brazil International Reserves | Economic News & Forecasts

Brazil - International Reserves

Current account deficit widens in November

Brazil’s current account balance came in at a deficit of USD 2.4 billion in November, which was notably above the USD 0.7 billion deficit recorded in November 2016.

The trade surplus came in at USD 3.5 billion in November, which was below November 2016’s USD 4.8 billion. Exports soared 10.4% over the same month of the previous year, while reviving domestic demand cause imports to grow a buoyant 9.3% annually. Foreign direct investment eased in November and came in at USD 5.0 billion.

The 12-month accumulative current account deficit worsened in November, the first deterioration in 11 months. This deficit widened to USD 11.3 billion in November from USD 9.6 billion in October, which had marked the smallest shortfall since March 2008. November’s result marked a deficit of approximately 0.6% of GDP.

Analysts who participated in this month’s LatinFocus Consensus Forecast panel expect a current account deficit of 1.3% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.7% of GDP.

Brazil - International Reserves Data

2012  2013  2014  2015  2016  
International Reserves (USD)373  359  364  356  365  

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Brazil International Reserves Chart

Brazil International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Brazil and FocusEconomics calculations.

Brazil Facts

Bond Yield10.14-0.82 %Dec 06
Exchange Rate3.24-0.13 %Dec 06
Stock Market73,268-0.40 %Dec 06

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