Markets Actual Q4 Q1 Q2 Q3 2020
Currency 4.11 4.2 4.25 4.3 4.35 4.45
Stock Market (points) 103831.92 102933 101153 99403 97685 94335
Government Bond 10Y (%) 6.75 7.15 7.26 7.37 7.48 7.7
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.40 0.7 0.6 0.8 0.5 0.8
GDP Annual Growth Rate (%) 1.00 0.9 1.5 1.7 1.9 1.8
Unemployment Rate (%) 11.80 11.9 11.8 11.7 11.6 11.7
Inflation Rate (%) 2.89 3.5 3.7 3.8 4.1 3.8
Inflation Rate Mom (%) -0.04 0.3 -0.2 0.3 0.2 0.2
Interest Rate (%) 5.50 5 5 5 5 5
Balance of Trade (USD Million) 2250.00 3000 4500 4500 4600 3000
Current Account (USD Million) -4274.30 -4350 -1200 450 230 -3400
Current Account to GDP (%) -0.77 -1.8 -1.6 -1.6 -1.6 -1.6
Government Debt to GDP (%) 77.22 80 82 82 82 82
Government Budget (% of GDP) -7.10 -7.9 -7.6 -7.6 -7.6 -7.6
Business Confidence (Index Points) 59.40 58 60 62 61 62
Services PMI (Index Points) 51.80 51.1 50.4 50.9 51.4 50.7
Manufacturing PMI 53.40 50.4 50 49.3 48.1 50
Consumer Confidence (Index Points) 47.30 48 53 55 54 53
Retail Sales MoM (%) 0.10 0.7 0.5 0.8 0.3 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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.40 0.7 0.6 0.8 0.5 0.8
GDP Annual Growth Rate (%) 1.00 0.9 1.5 1.7 1.9 1.8
GDP (USD Billion) 1868.63 2020 2350 2350 2350 2350
GDP Constant Prices (BRL Million) 296244.33 301727 302319 295280 301280 309572
Gross National Product (BRL Million) 1750128.10 1788600 1792107 1701731 1779880 1835103
Gross Fixed Capital Formation (BRL Million) 282665.62 289060 289627 269596 287471 296575
GDP per capita (USD) 11026.24 11500 11730 11730 11730 11730
GDP per capita PPP (USD) 14282.70 14500 16500 16500 16500 16500
GDP From Agriculture (BRL Million) 22227.06 13384 13410 24423 22605 13732
GDP From Construction (BRL Million) 13830.93 14356 14384 13527 14066 14729
GDP From Manufacturing (BRL Million) 29822.31 30297 30356 28074 30329 31085
GDP From Mining (BRL Million) 2343.44 2772 2778 2414 2383 2844
GDP From Public Administration (BRL Million) 39921.49 40474 40553 40100 40600 41526
GDP From Services (BRL Million) 179131.38 186039 186404 178197 182177 190876
GDP From Transport (BRL Million) 8248.21 8753 8770 8226 8388 8981
GDP From Utilities (BRL Million) 6824.68 6937 6951 7123 6941 7117
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 11.80 11.9 11.8 11.7 11.6 11.7
Employed Persons (Million ) 93.63 93.7 92.9 93.2 93.5 92
Unemployed Persons (Million ) 12.57 12.3 12.3 12 12.1 12
Labour Costs (Index Points) 104.13 100 100 100 100 115
Wages (BRL/Month) 2298.00 2420 2350 2360 2440 2470
Minimum Wages (BRL/Month) 998.00 998 1050 1050 1050 1050
Population (Million) 208.49 209 210 210 210 210
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Living Wage Family (BRL/Month) 2360.00 2450 2450 2450 2450 2550
Living Wage Individual (BRL/Month) 1390.00 1500 1500 1500 1500 1550
Non Farm Payrolls (Thousand ) 121.39 -300 20 50 75 80
Productivity (Index Points) 104.13 110 112 113 114 115
Wages High Skilled (BRL/Month) 4730.00 4500 4500 4600 4600 4600
Wages In Manufacturing (BRL/Month) 2285.00 2390 2390 2410 2420 2440
Wages Low Skilled (BRL/Month) 1440.00 1400 1400 1400 1400 1450
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 2.89 3.5 3.7 3.8 4.1 3.8
Inflation Rate Mom (%) -0.04 0.3 -0.2 0.3 0.2 0.2
Consumer Price Index CPI (Index Points) 5227.84 5279 5369 5412 5442 5480
Core Inflation Rate (%) 3.38 3.6 3.7 3.5 3.6 3.7
Producer Prices (Index Points) 792.51 822 843 831 858 946
Export Prices (Index Points) 131.17 134 134 135 133 135
Import Prices (Index Points) 117.20 122 122 124 120 124
Food Inflation (%) 3.56 4.2 3.7 3.5 3.8 4
Producer Prices Change (%) 4.50 6 7 7.8 8.5 9
CPI Housing Utilities (Index Points) 9197.37 9096 9193 9321 9574 9442
CPI Transportation (Index Points) 4946.12 5074 5141 5182 5149 5267
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 5.50 5 5 5 5 5
Deposit Interest Rate (%) 5.14 8.51 9.51 5.93 5.93 9.51
Loan Growth (%) 1.10 0.5 0.3 0.3 0.6 0.5
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 2250.00 3000 4500 4500 4600 3000
Current Account (USD Million) -4274.30 -4350 -1200 450 230 -3400
Current Account to GDP (%) -0.77 -1.8 -1.6 -1.6 -1.6 -1.6
Imports (USD Million) 16494.00 18000 19000 18500 19000 21500
Exports (USD Million) 18740.00 21700 23500 23100 22700 25000
Terms of Trade (Index Points) 111.92 110 110 110 109 109
Foreign Direct Investment (USD Million) 9469.74 5300 7100 6500 5100 6000
Crude Oil Production (BBL/D/1K) 2557.00 2900 2900 2900 2900 3000
Tourist Arrivals (Thousand) 6621.00 6750 6850 6850 6850 6850
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 77.22 80 82 82 82 82
Government Budget (% of GDP) -7.10 -7.9 -7.6 -7.6 -7.6 -7.6
Government Spending (BRL Million) 111045.15 151392 105921 117250 106048 155328
Government Debt (BRL Million) 5617716.11 5482798 5700000 5800000 5880000 5995350
Taxes Actual Q4 Q1 Q2 Q3 2020
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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 59.40 58 60 62 61 62
Services PMI (Index Points) 51.80 51.1 50.4 50.9 51.4 50.7
Manufacturing PMI 53.40 50.4 50 49.3 48.1 50
Composite Pmi (Index) 52.50 52.8 53.5 52 51.7 51.5
Industrial Production (%) -2.30 1.6 2 1.8 2.1 2.5
Industrial Production Mom (%) 0.80 0.8 0.6 0.5 0.7 1.1
Manufacturing Production (%) -2.30 1.8 2 2.3 2 2.1
Car Production (Units) 247300.00 255000 260000 267000 266000 265000
Car Registrations (Thousand) 235.00 220 225 230 235 240
Leading Economic Index (%) -0.16 0.3 0.5 0.6 0.8 0.8
Mining Production (%) -1.70 1.4 1.2 1.5 1.3 1.2
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 47.30 48 53 55 54 53
Retail Sales MoM (%) 0.10 0.7 0.5 0.8 0.3 1
Retail Sales YoY (%) 1.30 2.5 2.2 2.7 2.4 2.1
Consumer Spending (BRL Million) 1133226.40 1180225 1182539 1128058 1152491 1210911
Bank Lending Rate (%) 52.06 53.15 54.15 52.22 52.22 54.15
Gasoline Prices (USD/Liter) 1.05 1.03 1.01 0.91 0.88 1.01
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index Points) 129.50 129 130 130 129 130


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.