International Reserves in Brazil

Brazil International Reserves | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
International Reserves (USD)356  365  374  375  357  

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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

Value Change Date
Bond Yield6.79-0.82 %Dec 31
Exchange Rate4.02-0.13 %Jan 01

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