International Reserves in Brazil

Brazil International Reserves | Economic News & Forecasts

Brazil - International Reserves

Current account surplus narrows in March

Brazil’s current account balance came in at a surplus of USD 798 million in March, lower than the USD 1.4 billion surplus recorded in March 2017. March’s print was up, however, from February’s USD 283 million surplus.

The narrower current account surplus in March compared to the previous year was largely the result of flat export growth that caused the trade surplus to shrink to USD 6.0 billion in March from the USD 7.1 billion surplus registered in March 2017. Export growth was flat in annual terms, moderating from a 11.9% expansion in February. Import growth also lost steam in March, easing to 6.7% (February: +13.7% year-on-year). Foreign direct investment came in at USD 6.5 billion in March, below March 2017’s USD 7.1 billion.

The 12-month accumulative current account deficit widened in March to USD 8.3 billion from USD 7.7 billion in February. March’s result represented approximately 0.4% of GDP.


Brazil Current Account Balance Forecast


Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.1% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.7% of GDP.

Brazil - International Reserves Data

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

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 Yield10.42-0.82 %May 21
Exchange Rate3.68-0.13 %May 21
Stock Market81,815-0.40 %May 21

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