Markets Actual Q3 Q4 Q1 Q2 2021
Currency 5.40 5.46 5.52 5.57 5.63 5.75
Stock Market (points) 98697.06 95697 92785 89962 87228 81761
Government Bond 10Y (%) 6.48 6.57 6.65 6.74 6.83 7.01

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.50 9 1.2 0.7 0.5 0.8
GDP Annual Growth Rate (%) -0.30 -8 -6.5 0.6 5 3.5
Unemployment Rate (%) 12.90 13.5 13.3 13 12.7 12.3
Inflation Rate (%) 2.13 1.7 1.6 1.8 2.1 3
Inflation Rate Mom (%) 0.26 0.2 0.2 0.1 0.2 0.2
Interest Rate (%) 2.25 2 2 2 2.5 3
Cash Reserve Ratio (%) 21.00 21 21 21 25 25
Balance of Trade (USD Million) 7463.40 3900 3000 2500 4500 3000
Current Account (USD Million) 1326.40 -1500 -1800 -2300 -2600 -2800
Current Account to GDP (%) -2.70 -3.2 -3.2 -3.3 -3.3 -3.3
Government Debt to GDP (%) 75.79 86 86 88 88 85
Government Budget (% of GDP) -5.90 -10.5 -10.5 -9 -9 -9
Business Confidence (points) 47.60 46 45 48 51 55
Manufacturing PMI (points) 51.60 51 51 51.8 52.5 52.5
Services PMI (points) 35.90 32 38 43 45 50.8
Consumer Confidence (points) 47.30 40 46 47 49 50
Retail Sales MoM (%) 13.90 0.3 0.7 0.5 0.8 1
Corporate Tax Rate (%) 34.00 34 34 30 30 30
Personal Income Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.50 9 1.2 0.7 0.5 0.8
GDP Annual Growth Rate (%) -0.30 -8 -6.5 0.6 5 3.5
GDP (USD Billion) 1839.76 1690 1690 1760 1760 1760
GDP Constant Prices (BRL Million) 291912.45 292945 282472 293664 306508 292358
Gross National Product (BRL Million) 1758716.18 1718921 1720964 1769268 1846652 1781197
Gross Fixed Capital Formation (BRL Million) 285059.50 287586 262339 286770 299312 271520
GDP per capita (USD) 11121.74 10400 10400 11100 11100 11100
GDP per capita PPP (USD) 14651.60 13700 13700 14400 14400 14400
GDP From Agriculture (BRL Million) 25137.07 18887 12860 25288 26394 13310
GDP From Construction (BRL Million) 12825.35 13711 12855 12902 13467 13304
GDP From Manufacturing (BRL Million) 27686.97 30975 28300 27853 29071 29290
GDP From Mining (BRL Million) 2483.50 2714 2664 2498 2608 2757
GDP From Public Administration (BRL Million) 39465.21 38330 37277 39702 41438 38582
GDP From Services (BRL Million) 175788.56 176293 173933 176843 184578 180021
GDP From Transport (BRL Million) 7978.92 8371 8100 8027 8378 8383
GDP From Utilities (BRL Million) 6916.01 6289 6335 6958 7262 6556

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 12.90 13.5 13.3 13 12.7 12.3
Employed Persons (Million ) 85.94 85.9 85.7 85.9 86.3 91
Unemployed Persons (Million ) 12.71 13 13.1 12.8 12.7 12.5
Labor Force Participation Rate (%) 56.80 56.8 58.8 59.5 60 61.5
Labour Costs (points) 106.39 100 115 115 115 115
Wages (BRL/Month) 2460.00 2440 2470 2370 2410 2550
Minimum Wages (BRL/Month) 1045.00 1045 1045 1120 1120 1120
Population (Million) 210.15 211 212 212 212 214
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 65.00 65 65 65 65 65
Productivity (points) 106.39 107 108 108 108 109
Non Farm Payrolls (Thousand ) -331.90 50 -310 40 50 80
Wages In Manufacturing (BRL/Month) 2455.00 2420 2440 2410 2420 2500
Employment Rate (%) 49.50 49.3 49.9 50.5 51 52

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.13 1.7 1.6 1.8 2.1 3
Inflation Rate Mom (%) 0.26 0.2 0.2 0.1 0.2 0.2
Consumer Price Index CPI (points) 5325.46 5317 5405 5445 5423 5568
Core Inflation Rate (%) 1.93 2.3 2.3 2.7 2.9 3
Producer Prices (points) 879.96 847 882 900 919 944
Export Prices (points) 122.78 124 124 124 124 125
Import Prices (points) 108.15 109 110 110 110 111
Food Inflation (%) 7.61 6.5 6 5.8 5.6 5
Producer Prices Change (%) 7.70 6.9 6.7 6.5 6.7 7
CPI Housing Utilities (points) 9106.74 9354 9277 9299 9294 9555
CPI Transportation (points) 4825.09 5030 5141 5128 4911 5295

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 2.25 2 2 2 2.5 3
Cash Reserve Ratio (%) 21.00 21 21 21 25 25
Foreign Exchange Reserves (USD Million) 348781.00 353500 354000 358000 360000 379000
Banks Balance Sheet (BRL Million) 7416539.22 7440000 7460000 7400000 7350000 7000000
Deposit Interest Rate (%) 2.03 2.03 2.03 2.03 2.53 2.53
Loan Growth (%) 0.30 0.6 0.5 0.5 0.2 0.5
Central Bank Balance Sheet (BRL Thousand) 4009742429.00 3990000000 3980000000 3960000000 3930000000 3850000000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 7463.40 3900 3000 2500 4500 3000
Current Account (USD Million) 1326.40 -1500 -1800 -2300 -2600 -2800
Current Account to GDP (%) -2.70 -3.2 -3.2 -3.3 -3.3 -3.3
Imports (USD Million) 10449.00 14900 14500 15500 14000 15800
Exports (USD Million) 17912.00 19000 16000 18000 18500 18000
External Debt (USD Million) 633825.30 636000 640000 643000 646000 660000
Terms of Trade (points) 113.53 113 113 113 113 113
Capital Flows (USD Million) 1471.80 1000 700 300 -500 -750
Foreign Direct Investment (USD Million) 2551.92 2800 3500 4500 5000 6000
Remittances (USD Million) 268.10 280 285 287 289 290
Gold Reserves (Tonnes) 67.40 67.5 67.5 67.5 67.5 67.6
Crude Oil Production (BBL/D/1K) 2973.00 3200 3200 3200 3200 3500
Tourist Arrivals (Thousand) 6353.00 5500 5500 6500 6500 6500
Weapons Sales (USD Million) 111.00 70 70 70 70 70

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 75.79 86 86 88 88 85
Government Budget (% of GDP) -5.90 -10.5 -10.5 -9 -9 -9
Government Budget Value (BRL Million) -140401.00 -170000 -180000 -185000 -190000 -195000
Government Spending (BRL Million) 180629.95 118510 193479 113563 183830 200251
Government Revenues (BRL Million) 77415.35 55000 50000 60000 70000 108000
Military Expenditure (USD Million) 30769.00 27500 27500 27500 27500 28100
Government Debt (BRL Million) 5929085.15 5880000 5930000 5950000 5970000 5995350

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 34.00 34 34 30 30 30
Personal Income Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5
Sales Tax Rate (%) 17.00 17 17 17 17 17
Social Security Rate (%) 39.80 39.8 39.8 39.8 39.8 39.8
Social Security Rate For Companies (%) 28.80 28.8 28.8 28.8 28.8 28.8
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 47.60 46 45 48 51 55
Manufacturing PMI (points) 51.60 51 51 51.8 52.5 52.5
Services PMI (points) 35.90 32 38 43 45 50.8
Composite Pmi (points) 40.50 42 48 50 51 52
Industrial Production (%) -21.90 -0.5 1.5 1.8 8 2.2
Industrial Production Mom (%) 7.00 0.5 0.8 0.9 1 1.1
Manufacturing Production (%) -31.30 -3.5 -1.8 1.5 6 2.5
Capacity Utilization (%) 69.60 69.8 72 74 75.5 76.2
Total Vehicle Sales 102400.00 65000 80000 100000 110000 176000
Car Production (Units) 98708.00 75000 95000 110000 125000 190000
Car Registrations (Thousand) 133.00 150 200 220 240 250
Leading Economic Index (%) -9.73 -0.3 0.1 0.3 0.5 0.8
Small Business Sentiment 42.00 48 50 50 53 54
Mining Production (%) 10.20 -5 -1.5 0.5 0.9 1.5

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 47.30 40 46 47 49 50
Retail Sales MoM (%) 13.90 0.3 0.7 0.5 0.8 1
Retail Sales YoY (%) -7.20 -2.3 -2 1.7 5.6 1.9
Consumer Spending (BRL Million) 1162204.32 1140886 1158584 1169178 1220315 1199134
Consumer Credit (BRL Million) 2029024.00 1853545 1872342 2063592 2130475 1937874
Private Sector Credit (BRL Million) 3376332.00 3380000 3390000 3370000 3350000 3320000
Bank Lending Rate (%) 42.74 42.74 42.74 42.74 43.24 43.24
Households Debt To GDP (% of GDP) 30.40 30.8 30.9 40 40.3 40.5
Gasoline Prices (USD/Liter) 0.73 0.69 0.66 0.63 0.59 0.57

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 130.30 131 131 132 132 132


This page has economic forecasts for Brazil including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Brazil economy.