Brazil Current Account to GDP

Brazil recorded a Current Account deficit of 3.66 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Brazil is reported by the Banco Central do Brasil. Current Account to GDP in Brazil averaged -1.84 Percent from 1980 until 2013, reaching an all time high of 1.80 Percent in 2004 and a record low of -8.20 Percent in 1982. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Brazil Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.66 -2.40 1.80 -8.20 -2.66 | 2014/06 1980 - 2013 Percent Yearly

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Brazil Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -3.66 2013-12-31 -2.40 1.80 -8.20 -2.66 2014-06-30 Percent [+]
Capital Flows 7626.80 2014-02-15 13936.00 16811.30 -16639.20 7932.14 2014-03-31 USD Million [+]
Crude Oil Production 2109.00 2013-12-15 2081.00 2231.00 330.00 2055.76 2013-11-30 Thousands Barrels per Day [+]
External Debt 312021.72 2013-12-31 309859.83 321712.30 64259.50 307975.86 2014-03-31 USD Million [+]
Foreign Direct Investment 4131.90 2014-02-15 5097.70 15374.35 -22.15 5986.39 2014-03-31 USD Million [+]
Gold Reserves 67.20 2013-12-31 67.20 119.01 31.99 Tonnes [+]
Remittances 1989.00 2012-12-31 1974.00 6411.00 1974.00 1997.96 2013-12-31 USD Million [+]
Terms of Trade 116.81 2014-02-15 120.78 132.64 64.71 117.27 2014-03-31 Index Points [+]
Current Account -7445.00 2014-02-28 -11590.00 3068.40 -11590.00 -8043.71 2014-03-31 USD Million [+]
Exports 17627.93 2014-03-15 15933.83 26158.51 75.06 17127.35 2014-04-30 USD Million [+]
Imports 17516.12 2014-03-15 18058.94 23045.45 67.00 20183.26 2014-04-30 USD Million [+]
Balance of Trade 111.82 2014-03-15 -2125.11 5659.37 -4058.14 -170.65 2014-04-30 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
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In March of 2014, Brazilian annual consumer prices accelerated to 6.15 percent from 5.68 percent in the previous month. On a monthly basis, prices rose 0.92 percent as a severe drought raised food cost.
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At its April 2nd, 2014 meeting, the Central Bank of Brazil raised the benchmark interest rate by 25 bps to 11 percent, as widely expected, after a surge in food prices.
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Brazilian trade balance turned into a USD 112 million surplus in March of 2014, following two straight monthly deficits, but still it was the lowest surplus for any March month in the last thirteen years.
Brazil Unemployment Rate Up to 4-Month High  
In February of 2014, Brazilian jobless rate rose for the second straight month to 5.1 percent, up from 4.8 percent in the previous month. Despite the rise, it is the lowest-ever rate for any February month and compares with 5.6 percent a year earlier.
Brazil Inflation Rate Rises Above Forecasts  
In February of 2014, Brazilian annual inflation rate accelerated to 5.68 percent from 5.59 percent in the previous month. On a monthly basis, prices rose to 0.69 percent due to higher housing rents and school fees.
Brazil Posts Trade Deficit for 2nd Straight Month  
In February of 2014, Brazilian trade balance turned into a USD 2.125 billion deficit, down from a USD 4.06 billion gap reported in the previous month but up 66 percent from February of 2013.
Brazil Returns to Growth in Q4  
In the fourth quarter of 2013, Brazilian GDP advanced 0.7 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 0.5 percent contraction in the previous period, boosted by the services sector.
Brazil GDP Growth Beats Expectations in Q4  
In the last three months of 2013, Brazilian economy advanced 1.9 percent over a year earlier, beating market expectations, but slowing from a 2.2 percent expansion in the previous quarter. Recession fears were allayed as the economy advanced 0.7 percent on a quarter basis.
Brazil Raises Interest Rate to 10.75%  
At its February 26th, 2014 meeting, Central Bank of Brazil decided to raise the benchmark interest rate for the second straight time by 25 bps to 10.75 percent, as widely expected.
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