International Reserves in Brazil

Brazil International Reserves | Economic News & Forecasts

Brazil - International Reserves

Current account deficit widens in July

Brazil’s current account balance came in at a deficit of USD 4.4 billion in July, a deterioration from the USD 3.4 billion shortfall recorded in the same month last year. July’s result marked the first deficit since February.

The wider current account deficit was primarily due to a lower trade balance, which came in at surplus of USD 4.2 billion in July (July 2017: USD 6.3 billion). Soaring import growth was chiefly behind the weaker trade surplus due to record high imports of oil platforms under the special customs program Repetro. Meanwhile, foreign direct investment came in at USD 3.9 billion in July, below July 2017’s USD 4.1 billion.

As a result, the 12-month accumulative current account deficit widened in July to USD 15.0 billion from June’s USD 14.0 billion deficit. July’s result represented approximately 0.8% of GDP.


Brazil Current Account Balance Forecast


Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 0.9% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.5% of GDP.

Brazil - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)359  364  356  365  374  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Brazil International Reserves Chart


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

Brazil Facts

ValueChangeDate
Bond Yield12.33-0.82 %Sep 14
Exchange Rate4.17-0.13 %Sep 14
Stock Market75,429-0.40 %Sep 14

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free 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.

Sign Up

Economic News

Search form