Markets Actual Q4 Q1 Q2 Q3 2022
Currency 5.61 5.69 5.77 5.85 5.93 6.1
Stock Market (points) 102383.37 99548 96125 92816 89620 83561
Government Bond 10Y (%) 11.71 11.95 12.27 12.6 12.93 13.63

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.10 0.2 0.4 0.5 0.3 0.8
GDP Annual Growth Rate (%) 12.40 4.2 2.2 1.3 1.8 1.9
Unemployment Rate (%) 13.20 12.9 12.6 12.2 12 12.4
Inflation Rate (%) 10.67 10 7.5 6 5 4.5
Inflation Rate Mom (%) 1.25 0.8 0.6 0.5 0.4 0.3
Interest Rate (%) 7.75 9.25 10.25 10.75 11 11.25
Cash Reserve Ratio (%) 21.00 21 21 21 21 21
Balance of Trade (USD Million) 2003.70 3000 4600 5820 4400 5000
Current Account (USD Million) -4463.80 -4000 -2800 -130 -1300 -3700
Current Account to GDP (% of GDP) -0.72 -0.5 -1 -1 -1 -1
Government Debt to GDP (% of GDP) 88.83 98 99 99 99 99
Government Budget (% of GDP) -13.40 -8.5 -7 -7 -7 -7
Business Confidence (points) 56.00 59 58.5 57 55 52
Manufacturing PMI (points) 51.70 52 51 50 52 51
Services PMI (points) 54.90 53 52.1 51 53 50.6
Retail Sales MoM (%) -1.30 0.4 0.1 0.6 1 1.1
Corporate Tax Rate (%) 34.00 34 30 34 34 34
Personal Income Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.10 0.2 0.4 0.5 0.3 0.8
GDP Annual Growth Rate (%) 12.40 4.2 2.2 1.3 1.8 1.9
GDP (USD Billion) 1444.73 1620 1750 1750 1750 1750
GDP Constant Prices (BRL Million) 300794.30 312876 303840 304705 306209 318821
Gross National Product (BRL Million) 2106052.40 2064306 2051843 2133431 2143961 2103527
Gross Fixed Capital Formation (BRL Million) 390197.76 382036 406209 395270 397221 389295
GDP per capita (USD) 8228.79 11100 11100 11100 11100 11200
GDP per capita PPP (USD) 14063.98 14400 14600 14600 14600 14600
GDP From Agriculture (BRL Million) 23709.96 14000 27579 24018 24137 14266
GDP From Construction (BRL Million) 13315.76 13636 13051 13489 13555 13895
GDP From Manufacturing (BRL Million) 29976.28 32963 29935 30366 30516 33589
GDP From Mining (BRL Million) 2699.13 2772 2510 2734 2748 2825
GDP From Public Administration (BRL Million) 38134.03 39798 38098 38630 38820 40554
GDP From Services (BRL Million) 180632.93 191252 179908 182981 183884 194886
GDP From Transport (BRL Million) 8260.49 8615 8356 8368 8409 8779
GDP From Utilities (BRL Million) 6911.99 7236 7290 7002 7036 7373

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 13.20 12.9 12.6 12.2 12 12.4
Employed Persons (Million ) 90.19 87 88 89 89 91
Unemployed Persons (Million ) 13.66 13.3 12.8 12.5 12.5 12
Labor Force Participation Rate (%) 58.60 57.9 58.2 58.3 58.5 59
Labour Costs (points) 88.49 75 90 87 85 75
Wages (BRL/Month) 2489.00 2600 2570 2650 2650 2790
Minimum Wages (BRL/Month) 1100.00 1100 1200 1200 1200 1200
Population (Million) 211.82 213 215 215 215 215
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 65.00 65 65 65 65 65
Non Farm Payrolls (Thousand ) 313.90 -200 90 210 310 -150
Productivity (points) 88.49 90 92 95 98 100
Wages In Manufacturing (BRL/Month) 2466.00 2620 2680 2700 2700 2750
Employment Rate (%) 50.90 49.5 50 51 51.2 52

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 10.67 10 7.5 6 5 4.5
Inflation Rate Mom (%) 1.25 0.8 0.6 0.5 0.4 0.3
Consumer Price Index CPI (points) 6018.51 6117 6100 6116 6241 6392
Core Inflation Rate (%) 7.44 5.8 4.3 4.2 3.8 2.8
Producer Prices (points) 155.82 166 179 179 182 191
Export Prices (points) 119.46 130 120 119 121 120
Import Prices (points) 106.74 111 111 100 110 113
Food Inflation (%) 11.71 14.2 11.3 10.7 9.7 9.8
Producer Prices Change (%) 30.60 32.5 25 20 17 15
CPI Housing Utilities (points) 10651.06 10548 10322 10496 11069 11023
CPI Transportation (points) 5974.65 6022 6059 6089 6113 6132

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 7.75 9.25 10.25 10.75 11 11.25
Cash Reserve Ratio (%) 21.00 21 21 21 21 21
Money Supply M0 (BRL Million) 396208.88 430500 405000 420100 430400 450900
Money Supply M1 (BRL Million) 601286.93 665000 620000 660500 650500 720120
Money Supply M2 (BRL Million) 4142300.03 4300100 4300900 4500100 4500600 4700200
Money Supply M3 (BRL Million) 8541309.58 8700400 9000200 9300600 9500000 9700250
Foreign Exchange Reserves (USD Million) 367927.00 373100 376300 380250 382200 385100
Banks Balance Sheet (BRL Million) 8655998.63 8903000 9119854 9327160 9525513 9715009
Loans to Private Sector (BRL Million) 691314.00 713306 723013 732720 732720 752134
Deposit Interest Rate (%) 4.50 6 7 7.5 7.75 8
Loan Growth (%) 1.50 1.6 1.3 0.9 0.8 0.7
Interbank Rate (%) 3.55 2.3 2.4 2.5 2.5 2.7
Central Bank Balance Sheet (BRL Thousand) 4156955771.00 4200300150 4300900300 4310600500 4400210600 4400900800

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) 2003.70 3000 4600 5820 4400 5000
Current Account (USD Million) -4463.80 -4000 -2800 -130 -1300 -3700
Current Account to GDP (% of GDP) -0.72 -0.5 -1 -1 -1 -1
Imports (USD Million) 20515.90 19800 20600 20700 21600 20900
Exports (USD Million) 22519.60 24300 25200 26520 26000 25900
External Debt (USD Million) 661252.52 653000 653000 651000 651000 665000
Terms of Trade (points) 111.92 117 108 119 110 106
Capital Flows (USD Million) -2200.17 531 161 -1243 -275 -761
Foreign Direct Investment (USD Million) 2492.71 4100 4100 3800 3500 3000
Remittances (USD Million) 320.42 320 340 320 310 320
Gold Reserves (Tonnes) 121.11 67.6 67.6 67.7 67.7 67.6
Crude Oil Production (BBL/D/1K) 3045.26 2900 2950 2980 3000 3020
Tourist Arrivals (Thousand) 6353.00 4500 5500 5500 5500 5500
Weapons Sales (SIPRI TIV Million) 170.00 70 70 70 70 70

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 88.83 98 99 99 99 99
Government Budget (% of GDP) -13.40 -8.5 -7 -7 -7 -7
Government Budget Value (BRL Million) -42018.00 -55000 -50000 -49000 -49000 -49000
Government Spending (BRL Million) 128145.68 183126 118584 186474 130452 186605
Government Revenues (BRL Million) 178742.00 178100 140000 134800 141500 181200
Military Expenditure (USD Million) 25101.00 29500 29000 29000 29000 29000
Government Debt (BRL Million) 6939728.60 6830000 6830000 6890000 6890000 6900000

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 34.00 34 30 34 34 34
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 2022
Business Confidence (points) 56.00 59 58.5 57 55 52
Manufacturing PMI (points) 51.70 52 51 50 52 51
Services PMI (points) 54.90 53 52.1 51 53 50.6
Composite PMI (points) 53.40 53 52 51.6 51.6 51.3
Industrial Production (%) -3.90 0.7 0.3 0.2 1 2.9
Industrial Production Mom (%) -0.40 0.3 0.8 0.8 0.5 0.7
Manufacturing Production (%) -4.80 0.8 0.3 0.2 0.5 0.8
Capacity Utilization (%) 81.60 81.2 81.4 81.6 81.6 81.6
Changes in Inventories (BRL Million) -24256.44 -75000 60000 -25000 -8700 -64800
Total Vehicle Sales (Units) 119315.00 150600 130000 13000 125000 145600
Car Production (Units) 177864.00 170800 1999500 184100 190100 177800
Car Registrations (Thousand) 162.00 200 175 175 170 200
Leading Economic Index (%) -0.27 0.6 1 0.8 0.5 0.8
Small Business Sentiment 56.90 58 58 52.3 55 53.3
Mining Production (%) 3.20 2.5 2.9 -3 2.2 2.2
Steel Production (Thousand Tonnes) 3100.00 3087 3088 3089 3089 3089

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales MoM (%) -1.30 0.4 0.1 0.6 1 1.1
Retail Sales YoY (%) -5.50 2.1 4 1.3 1.8 1.9
Consumer Spending (BRL Million) 1253217.86 1333536 1259913 1269510 1275776 1358873
Consumer Credit (BRL Million) 2535168.00 2640500 2750900 2840100 2945075 3100900
Private Sector Credit (BRL Million) 4130823.00 4100600 4160900 4200500 4300320 4370660
Bank Lending Rate (%) 41.34 42.84 43.84 44.34 44.59 44.84
Economic Optimism Index (Index Points) 74.90 75 79 80 78 78
Households Debt To GDP (% of GDP) 36.60 38 38 37 37 37
Gasoline Prices (USD/Liter) 1.16 1.1 1.05 0.99 0.95 0.9

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 137.70 139 140 142 142 145


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Brazil Forecast - was last updated on Saturday, November 27, 2021.