International Reserves in Brazil
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
|International Reserves (USD)||359||364||356||365||374|
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.
Brazil: Business confidence crosses into optimistic territory for first time in over a year and a half
January 24, 2020
Business sentiment in Brazil’s industrial sector improved in January with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence index increasing to 100.5 points from December’s 99.4 points.
January 16, 2020
Economic activity rose 0.2% in seasonally-adjusted month-on-month terms in November, up from October’s revised 0.1% increase (previously reported: +0.2% month-on-month).
January 15, 2020
Retail sales, excluding cars and construction, increased 0.6% from the previous month in seasonally-adjusted terms in November, up from October’s 0.1% increase but notably underwhelming market analysts who had expected Black Friday sales to boost growth to 1.2%. The uptick in November was driven by stronger furniture and appliance spending—boosted by Black Friday promotions—and increased pharmaceutical and medical sales.
January 10, 2020
Consumer prices jumped 1.15% in December over the previous month, up from November’s 0.51% increase.
January 9, 2020
Industrial production fell 1.2% month-on-month in seasonally-adjusted terms in November, contrasting October’s upwardly revised 0.8% increase (previously reported: +0.3% month-on-month).