Markets Actual Q2 Q3 Q4 Q1 2022
Currency 4.96 5.17 5.25 5.33 5.41 5.57
Stock Market (points) 128767.45 121510 114987 108811 102968 91283
Government Bond 10Y (%) 9.33 9.29 9.53 9.78 10.04 10.55

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.20 0.5 0.7 0.8 0.5 0.8
GDP Annual Growth Rate (%) 1.00 5 3.5 3.2 2.4 2.5
Unemployment Rate (%) 14.70 14.5 14 13.8 13.4 12.4
Inflation Rate (%) 8.06 8.8 8.3 6 4.9 4
Inflation Rate Mom (%) 0.83 0.5 0.3 0.2 0.2 0.3
Interest Rate (%) 4.25 4.25 5.5 6 6.5 6.5
Cash Reserve Ratio (%) 21.00 21 21 21 21 25
Balance of Trade (USD Million) 9290.85 4200 5300 3000 3500 5200
Current Account (USD Million) 5660.00 1950 1500 -3000 -1200 -5000
Current Account to GDP (% of GDP) -0.72 -0.5 -0.5 -0.5 -1 -1
Government Debt to GDP (% of GDP) 75.79 98 98 98 99 99
Government Budget (% of GDP) -13.40 -8.5 -8.5 -8.5 -7 -7
Business Confidence (points) 61.70 56.3 60 62.8 58 63
Services PMI (points) 48.30 43 47 49 50.1 50.6
Manufacturing PMI (points) 53.70 54 56 55 57 62
Retail Sales MoM (%) 1.80 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 (%) 1.20 0.5 0.7 0.8 0.5 0.8
GDP Annual Growth Rate (%) 1.00 5 3.5 3.2 2.4 2.5
GDP (USD Billion) 1839.76 1840 1840 1840 1890 1890
GDP Constant Prices (BRL Million) 297299.75 280923 305504 309873 307471 317620
Gross National Product (BRL Million) 2007674.46 1708866 1928739 2044495 2028646 2095607
Gross Fixed Capital Formation (BRL Million) 397464.53 270336 317043 378370 375437 387829
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) 26985.02 24570 20227 13866 13758 14212
GDP From Construction (BRL Million) 12769.95 12359 13730 13505 13400 13842
GDP From Manufacturing (BRL Million) 29290.64 25010 32965 32646 32393 33463
GDP From Mining (BRL Million) 2456.29 2648 2945 2746 2724 2814
GDP From Public Administration (BRL Million) 37277.70 38466 38969 39416 39110 40401
GDP From Services (BRL Million) 176035.63 171208 182740 189417 187948 194152
GDP From Transport (BRL Million) 8175.85 6921 8156 8533 8467 8746
GDP From Utilities (BRL Million) 7133.48 6799 7129 7166 7111 7345

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 14.70 14.5 14 13.8 13.4 12.4
Employed Persons (Million ) 85.65 85 86 87 88 91
Unemployed Persons (Million ) 14.81 14.1 13.8 13.3 12.8 12
Labor Force Participation Rate (%) 56.80 57.5 58.1 58.8 58.8 62
Labour Costs (points) 84.56 90 100 105 100 115
Wages (BRL/Month) 2544.00 2550 2590 2600 2570 2790
Minimum Wages (BRL/Month) 1100.00 1100 1100 1100 1150 1150
Population (Million) 211.82 213 213 213 215 215
Retirement Age Women 62.00 60 62 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Productivity (points) 84.56 98 103 105 110 100
Non Farm Payrolls (Thousand ) 120.94 50 120 -310 50 -250
Wages In Manufacturing (BRL/Month) 2486.00 2580 2600 2620 2680 2750
Employment Rate (%) 48.40 48.6 49 49.5 50 52

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 8.06 8.8 8.3 6 4.9 4
Inflation Rate Mom (%) 0.83 0.5 0.3 0.2 0.2 0.3
Consumer Price Index CPI (points) 5739.56 5794 5839 5894 5953 6130
Core Inflation Rate (%) 4.16 2.9 2.4 2.7 2.2 2.8
Producer Prices (points) 145.77 143 143 144 145 147
Export Prices (points) 142.79 140 145 130 120 120
Import Prices (points) 111.04 111 112 111 111 113
Food Inflation (%) 12.54 12 10 3.8 3 3
Producer Prices Change (%) 28.60 31 20 15 1.5 2
CPI Housing Utilities (points) 9794.19 9908 10014 10165 10072 10571
CPI Transportation (points) 5528.71 5250 5347 5439 5738 5656

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 4.25 4.25 5.5 6 6.5 6.5
Cash Reserve Ratio (%) 21.00 21 21 21 21 25
Foreign Exchange Reserves (USD Million) 353448.00 352130 354129 356127 358126 364122
Banks Balance Sheet (BRL Million) 8438643.74 8114498 8240327 8366157 8491986 8869474
Loans to Private Sector (BRL Million) 679108.00 693893 703600 713306 723013 752134
Deposit Interest Rate (%) 1.91 2.66 3.91 4.41 4.91 4.91
Interbank Rate (%) 1.92 2 2.4 2.3 2.4 2.7
Loan Growth (%) 0.50 2.5 2.3 1.6 1.3 0.7
Central Bank Balance Sheet (BRL Thousand) 4052466034.00 4590097633 4689334415 4788571198 4887807980 5185518327

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 9290.85 4200 5300 3000 3500 5200
Current Account (USD Million) 5660.00 1950 1500 -3000 -1200 -5000
Current Account to GDP (% of GDP) -0.72 -0.5 -0.5 -0.5 -1 -1
Imports (USD Million) 17657.42 14300 15000 15800 16000 15800
Exports (USD Million) 26948.26 18500 20300 19000 19500 21000
External Debt (USD Million) 636720.11 646000 650000 653000 653000 665000
Terms of Trade (points) 128.59 126 129 117 108 106
Capital Flows (USD Million) 5639.10 -500 -600 -750 -750 -1000
Foreign Direct Investment (USD Million) 3544.03 2500 2850 3500 3500 4500
Remittances (USD Million) 298.76 320 300 290 290 290
Gold Reserves (Tonnes) 67.36 67.6 67.6 67.6 67.6 67.6
Crude Oil Production (BBL/D/1K) 2818.92 3000 3000 3200 3200 3500
Tourist Arrivals (Thousand) 6353.00 4500 4500 4500 5500 5500
Weapons Sales (SIPRI TIV Million) 170.00 70 70 70 70 70

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 75.79 98 98 98 99 99
Government Budget (% of GDP) -13.40 -8.5 -8.5 -8.5 -7 -7
Government Budget Value (BRL Million) 29966.00 -80000 -57000 -55000 -50000 -49000
Government Spending (BRL Million) 122690.99 272869 189160 181368 118816 185902
Government Revenues (BRL Million) 156821.81 107000 111000 120000 120000 130000
Military Expenditure (USD Million) 25101.00 29500 29500 29500 29000 29000
Government Debt (BRL Million) 6665275.15 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 (%) 45.70 39.8 39.8 39.8 39.8 39.8
Social Security Rate For Companies (%) 31.70 28.8 28.8 28.8 28.8 28.8
Social Security Rate For Employees (%) 14.00 11 11 11 11 11

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 61.70 56.3 60 62.8 58 63
Services PMI (points) 48.30 43 47 49 50.1 50.6
Manufacturing PMI (points) 53.70 54 56 55 57 62
Composite PMI (points) 49.20 49.5 50.2 51.5 50.8 52.3
Industrial Production (%) 34.70 8 2.5 2.2 1 3
Industrial Production Mom (%) -1.30 1 0.8 1.1 0.8 1.1
Manufacturing Production (%) 40.20 9 6 2.5 3 2.5
Capacity Utilization (%) 82.30 79.8 80.1 80.3 80 80
Total Vehicle Sales (Units) 142673.00 121000 129000 146000 150000 176000
Car Production (Units) 192843.00 200000 217000 220000 2300000 240000
Car Registrations (Thousand) 189.00 200 245 250 240 260
Leading Economic Index (%) 0.44 0.5 0.5 0.8 1 1
Small Business Sentiment 56.10 51.3 51.7 52 52 53.3
Mining Production (%) 3.60 2.7 2.5 2.5 2.5 2.2

Consumer Actual Q2 Q3 Q4 Q1 2022
Retail Sales MoM (%) 1.80 0.8 0.4 0.4 -0.1 1.1
Retail Sales YoY (%) 23.80 5.5 3.5 2.1 4 1.9
Consumer Spending (BRL Million) 1232791.60 1090257 1208790 1320738 1310500 1353757
Consumer Credit (BRL Million) 2320398.00 2222686 2253560 2284434 2315308 2407929
Private Sector Credit (BRL Million) 3909206.00 3909588 3939654 3969719 3999784 4089981
Bank Lending Rate (%) 41.02 41.77 43.02 43.52 44.02 44.02
Economic Optimism Index (Index Points) 76.20 78 73 68 67 70
Households Debt To GDP (% of GDP) 36.90 36 37 38 38 37
Gasoline Prices (USD/Liter) 1.08 0.81 0.77 0.95 0.69 0.66

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 135.40 136 137 139 140 145


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.