International Reserves in Brazil
Brazil - International Reserves
Current account logs another surplus in November
Brazil’s current account balance logged another surplus in November, coming in at USD 0.2 billion in November. The surplus contrasted the USD 3.1 billion deficit recorded in November 2019, albeit it was down from October 2020’s surplus of USD 1.5 billion.
November’s result largely came on the back of a smaller primary income deficit as well as a narrower shortfall in the services account. Meanwhile, the goods trade surplus remained at November 2019’s 2.9 USD billion. Net foreign direct investment, on the other hand, weakened markedly in November, totaling USD 1.5 billion (November 2019: USD 8.7).
Accordingly, the 12-month sum of the current account balance narrowed to a USD 12.2 billion deficit in November, which equates to approximately 0.8% of GDP, down from the USD 15.5 billion deficit logged in the 12 months ending in October (1.0% of GDP).
The LatinFocus Consensus Forecast projects a current account deficit of 1.1% of GDP in 2021. For 2022, panelists foresee the current account deficit at 1.8% of GDP.
Brazil - International Reserves Data
|International Reserves (USD)||356||365||374||375||357|
5 years of economic forecasts for more than 30 economic indicators.
Brazil International Reserves 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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January 8, 2021
Industrial output grew 1.2% in month-on-month seasonally-adjusted terms in November, an uptick from October's 1.1% increase.
January 4, 2021
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, dropped to 61.5 in December from November’s 64.0, marking the lowest reading since July.
December 28, 2020
The Getulio Vargas Foundation’s (FGV, Fundação Getúlio Vargas) industrial business confidence index rose to 114.9 in December from November's 113.1 and marked the best reading since June 2010.
December 22, 2020
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation came in at 78.5 in December, down from November's 81.7 and marking the worst reading since June.
December 18, 2020
Brazil’s current account balance logged another surplus in November, coming in at USD 0.2 billion in November.