International Reserves in Brazil
Brazil - International Reserves
Current account swings to deficit in May
Brazil’s current account recorded a USD 3.5 billion deficit in May, deteriorating from the USD 2.5 billion surplus recorded in May last year, and from the USD 1.1 billion surplus clocked in April 2022.
May’s result chiefly reflected a smaller surplus in trade goods compared to May 2021. Additionally, the services account shortfall widened compared to the same month last year, as did the primary income account deficit. Meanwhile, net foreign investment was positive in the month, totaling USD 4.5 billion in inflows (May 2021: USD +2.2 billion)
Accordingly, the 12-month sum of the current balance widened to a USD 32.9 billion deficit from the USD 26.8 billion shortfall recorded in April. This was equivalent to approximately 1.9% of GDP (April: approximately 1.6% of GDP).
The LatinFocus Consensus Forecast projects a current account deficit of 0.9% of GDP in 2022. For 2023, panelists foresee the current account deficit at 1.5% 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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 21, 2022
At its 20–21 September meeting, the Monetary Policy Committee (COPOM) of Bazil’s Central Bank (BCB) decided to maintain the benchmark SELIC interest rate at 13.75%.
September 15, 2022
Economic activity growth accelerated to 1.2% month on month in seasonally-adjusted terms in July (June: +0.9% mom).
September 14, 2022
Retail sales fell 0.8% month on month in seasonally-adjusted terms in July (June: -1.4% mom).
September 9, 2022
Consumer prices fell a seasonally-adjusted 0.36% in August over the previous month, a less pronounced fall than the 0.68% drop recorded in July.
September 2, 2022
Industrial output increased 0.6% month-on-month in seasonally-adjusted terms in July (June: -0.3% mom).