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Brazil:
Selected Economic Indicators |
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2000 |
2001 |
2002 |
2003 |
2004 |
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(annual
percentage change) |
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Domestic economy |
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Real GDP growth |
4.4 |
1.3 |
1.9 |
0.5 |
5.2 |
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Inflation (IPCA, end-of period) |
6.0 |
7.7 |
12.5 |
9.3 |
7.6 |
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(in
billions of U.S. dollars) |
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Balance of payments |
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Exports, f.o.b. |
55.1 |
58.2 |
60.4 |
73.1 |
96.5 |
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Imports, f.o.b. |
-55.8 |
-55.6 |
-47.2 |
-48.3 |
-62.8 |
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Current account balance |
-24.2 |
-23.2 |
-7.6 |
4.2 |
11.7 |
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Capital and financial account |
19.3 |
27.0 |
8.0 |
5.1 |
-7.3 |
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o/w Foreign direct investment |
32.8 |
22.5 |
16.6 |
10.1 |
18.2 |
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Current account balance (in percent of GDP) |
-4.0 |
-4.5 |
-1.6 |
0.8 |
1.9 |
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Gross reserves to short-term external debt 1/ |
52.6 |
56.6 |
59.7 |
85.3 |
94.8 |
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(in
percent of nominal GDP) |
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Public finances |
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Public sector net debt |
51.1 |
55.1 |
65.5 |
58.7 |
54.5 |
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Public sector primary balance |
3.5 |
3.6 |
3.9 |
4.3 |
4.6 |
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Public sector overall balance |
-3.6 |
-3.6 |
-4.6 |
-5.1 |
-2.7 |
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Money and credit |
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Change in base money (in percent) |
-1.5 |
11.7 |
37.7 |
-0.1 |
21.2 |
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Change in broad money (M2) (in percent) |
3.3 |
13.3 |
23.6 |
3.7 |
19.3 |
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Average overnight interest rate (in percent) |
17.4 |
17.3 |
19.1 |
23.2 |
16.2 |
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Sources: Brazilian authorities and IMF Staff
estimates. |
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1/ On a residual maturity basis, in percent. |
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