Markets Actual Q2 Q3 Q4 Q1 2022
Currency 5.63 5.67 5.73 5.79 5.85 5.98
Stock Market (points) 120544.57 117031 113471 110019 106675 99988
Government Bond 10Y (%) 9.54 9.22 9.34 9.47 9.59 9.85

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 3.20 0.5 0.7 0.8 0.5 0.8
GDP Annual Growth Rate (%) -1.10 5 3.5 3.2 2.4 2.5
Unemployment Rate (%) 14.20 14.4 14 13.8 13.4 12.4
Inflation Rate (%) 6.10 7 5 3.8 4 3.5
Inflation Rate Mom (%) 0.93 0.2 0.3 0.2 0.2 0.3
Interest Rate (%) 2.75 3.5 4.5 5.5 5.5 6
Cash Reserve Ratio (%) 21.00 21 21 21 21 25
Balance of Trade (USD Million) 1481.80 2900 4200 3000 3000 5200
Current Account (USD Million) -2300.00 1950 1500 -3000 -1200 -5000
Current Account to GDP (%) -0.72 0.1 0.1 0.1 0.1 -0.3
Government Debt to GDP (%) 75.79 88 88 92 92 93
Government Budget (% of GDP) -5.90 -10.5 -10.5 -10.5 -10.5 -8.7
Business Confidence (points) 53.70 56.3 60 62.8 58 63
Manufacturing PMI (points) 52.80 58 56 55 57 62
Services PMI (points) 44.10 43 47 49 50.1 50.6
Consumer Confidence (points) 43.80 45 47 49 48 53
Retail Sales MoM (%) 0.60 0.8 0.4 0.4 -0.1 1.1
Corporate Tax Rate (%) 34.00 34 34 34 30 30
Personal Income Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 3.20 0.5 0.7 0.8 0.5 0.8
GDP Annual Growth Rate (%) -1.10 5 3.5 3.2 2.4 2.5
GDP (USD Billion) 1839.76 1760 1760 1760 1760 1820
GDP Constant Prices (BRL Million) 300264.76 296250 280923 317002 304619 312234
Gross National Product (BRL Million) 1981099.42 1769268 1708866 1879146 1923148 1971227
Gross Fixed Capital Formation (BRL Million) 366637.58 295071 270336 303693 316124 324027
GDP per capita (USD) 11121.74 11100 11100 11100 11100 11200
GDP per capita PPP (USD) 14651.60 14400 14400 14400 14400 14600
GDP From Agriculture (BRL Million) 13435.86 25809 24570 14061 20169 20673
GDP From Construction (BRL Million) 13086.02 12958 12359 15082 13690 14032
GDP From Manufacturing (BRL Million) 31634.19 27897 25010 31831 32869 33691
GDP From Mining (BRL Million) 2660.49 2503 2648 2913 2936 3010
GDP From Public Administration (BRL Million) 38193.84 39239 38466 42523 38856 39827
GDP From Services (BRL Million) 183543.36 178518 171208 195457 182210 186766
GDP From Transport (BRL Million) 8268.10 8117 6921 9196 8133 8336
GDP From Utilities (BRL Million) 6944.03 7027 6799 7288 7109 7286

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 14.20 14.4 14 13.8 13.4 12.4
Employed Persons (Million ) 86.03 84 85 87 88 91
Unemployed Persons (Million ) 14.27 13.4 13 12.5 12.4 11.9
Labor Force Participation Rate (%) 56.80 57.5 58.1 58.8 58.8 62
Labour Costs (points) 83.42 90 100 105 100 115
Wages (BRL/Month) 2521.00 2640 2670 2700 2570 2790
Minimum Wages (BRL/Month) 1100.00 1100 1100 1100 1150 1150
Population (Million) 210.15 212 212 214 214 215
Retirement Age Women 62.00 60 62 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Productivity (points) 83.42 103 106 85 110 95
Non Farm Payrolls (Thousand ) 401.60 50 120 -310 50 -250
Wages In Manufacturing (BRL/Month) 2444.00 2580 2600 2620 2680 2750
Employment Rate (%) 48.70 48.6 49 49.5 50 52

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 6.10 7 5 3.8 4 3.5
Inflation Rate Mom (%) 0.93 0.2 0.3 0.2 0.2 0.3
Consumer Price Index CPI (points) 5674.72 5698 5661 5772 5847 5974
Core Inflation Rate (%) 2.91 2.9 2.4 2.7 2.2 2.8
Producer Prices (points) 136.82 127 127 1087 141 152
Export Prices (points) 137.30 117 117 118 118 120
Import Prices (points) 106.64 110 111 111 111 112
Food Inflation (%) 13.87 10.6 8.3 5 5 3.6
Producer Prices Change (%) 23.00 16 14.5 12 10 8
CPI Housing Utilities (points) 9601.78 9744 9709 9954 9906 10302
CPI Transportation (points) 5470.23 5163 5184 5326 5480 5512

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 2.75 3.5 4.5 5.5 5.5 6
Cash Reserve Ratio (%) 21.00 21 21 21 21 25
Foreign Exchange Reserves (USD Million) 347413.00 363000 365000 368000 367000 368000
Banks Balance Sheet (BRL Million) 8356789.57 8400000 8350000 7500000 7450000 7200000
Deposit Interest Rate (%) 1.41 1.41 2.16 9.76 4.16 4.66
Interbank Rate (%) 1.75 2 2.4 2.3 2.4 2.7
Loan Growth (%) 0.70 0.5 0.3 0.3 0.5 0.7
Central Bank Balance Sheet (BRL Thousand) 3983558052.00 4170000000 4080000000 4020000000 3900000000 3800000000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 1481.80 2900 4200 3000 3000 5200
Current Account (USD Million) -2300.00 1950 1500 -3000 -1200 -5000
Current Account to GDP (%) -0.72 0.1 0.1 0.1 0.1 -0.3
Imports (USD Million) 23022.84 14300 15000 15800 16000 15800
Exports (USD Million) 24504.65 18500 20300 19000 19500 21000
External Debt (USD Million) 627564.75 646000 650000 653000 653000 665000
Terms of Trade (points) 128.75 108 106 109 106 107
Capital Flows (USD Million) -2281.30 -500 -600 -750 -750 -1000
Foreign Direct Investment (USD Million) 9007.46 2500 2850 3500 3500 4500
Remittances (USD Million) 302.16 289 290 290 300 290
Gold Reserves (Tonnes) 67.36 67.6 67.6 67.6 67.6 67.6
Crude Oil Production (BBL/D/1K) 2726.36 3200 3200 3500 3500 3500
Tourist Arrivals (Thousand) 6353.00 3800 3800 3800 3800 5700
Weapons Sales (USD Million) 170.00 70 70 70 70 70

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 75.79 88 88 92 92 93
Government Budget (% of GDP) -5.90 -10.5 -10.5 -10.5 -10.5 -8.7
Government Budget Value (BRL Million) -40966.00 -80000 -57000 -55000 -50000 -49000
Government Spending (BRL Million) 116510.47 113563 272869 159056 181368 185902
Government Revenues (BRL Million) 127700.00 107000 111000 120000 120000 130000
Military Expenditure (USD Million) 28030.00 29500 29500 29500 29000 29000
Government Debt (BRL Million) 89.97 6750000 6790000 6830000 6830000 6900000

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 34.00 34 34 34 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 53.70 56.3 60 62.8 58 63
Manufacturing PMI (points) 52.80 58 56 55 57 62
Services PMI (points) 44.10 43 47 49 50.1 50.6
Composite PMI (points) 45.10 49.5 50.2 51.5 50.8 52.3
Industrial Production (%) 0.40 8 2.5 2.2 1 3
Industrial Production Mom (%) -0.70 1 0.8 1.1 0.8 1.1
Manufacturing Production (%) 1.20 6 3.3 2.5 3 2.5
Capacity Utilization (%) 80.20 79.8 78.1 78.3 78 78
Total Vehicle Sales 141938.00 111000 129000 146000 150000 176000
Car Production (Units) 200340.00 220000 227000 230000 2200000 240000
Car Registrations (Thousand) 189.00 200 245 250 240 260
Leading Economic Index (%) 1.04 0.5 0.5 0.8 1 1
Small Business Sentiment 52.00 51.3 51.7 52 52 53.3
Mining Production (%) -6.70 2.7 2.5 2.5 2.5 2.2

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 43.80 45 47 49 48 53
Retail Sales MoM (%) 0.60 0.8 0.4 0.4 -0.1 1.1
Retail Sales YoY (%) -3.80 1.3 1.7 1.9 4 1.9
Consumer Spending (BRL Million) 1279785.01 1191981 1090257 1239973 1205286 1235418
Consumer Credit (BRL Million) 2273075.00 2300000 2250000 2200000 2100000 2200000
Private Sector Credit (BRL Million) 3823189.00 3900000 3980000 4070000 4070000 4300000
Bank Lending Rate (%) 40.07 39.35 40.1 54.4 42.1 42.6
Economic Optimism Index (Index Points) 68.20 58 62 64 67 70
Households Debt To GDP (% of GDP) 35.30 37.7 37 38 38 37
Gasoline Prices (USD/Liter) 0.97 0.81 0.77 0.95 0.69 0.66

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 134.40 136 137 139 140 145


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.