International Reserves in Brazil

Brazil International Reserves | Economic News & Forecasts

Brazil - International Reserves

Current account deficit narrows in November

Brazil’s current account balance came in at a deficit of USD 2.2 billion in November, narrowing from the USD 3.1 billion shortfall recorded in the same month of 2018.

The result was largely due to reduced travel expenses in the services account and a smaller primary income deficit. On the other hand, the merchandise trade surplus narrowed to USD 3.4 billion in the month (November 2018: 4.1 billion). Exports posted another sizable contraction in November amid subdued demand from key trading partners, particularly Argentina, although imports also fell sharply. Meanwhile, foreign direct investment shrank in November coming in at USD 7.0 billion (November 2018: USD 9.1 billion).

Accordingly, the 12-month trailing current account deficit narrowed to USD 51.2 billion (October: USD 52.1 billion), which is equal to approximately 2.8% of GDP.

The latest LatinFocus Consensus Forecast projects a current account deficit of 2.5% of GDP in 2020. For 2021, panelists expect the current account deficit to be stable at 2.5% 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.


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

Sample Report

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.

Sign Up

Economic News

Search form