Economic Research – Santander Brazil

Economic Research

Welcome to Santander Brazil Economic Research website. Here you will find data, forecasts and analysis for the main variables of the Brazilian economy, developed to meet the needs of a wide audience: savers, foreign and local investors and business leaders, and people interested in understanding better our country’s economy. Content is updated on a daily basis.

indicators20182019Forecasts 2020Forecasts 2021Forecasts 2022

GDP (%)

1,30

1,10

-6,38

4,35

3,20

Unemployment (average)

12,30

11,90

14,89

13,06

11,95

Inflation (% YoY) - IPCA

3,70

4,31

1,40

2,90

3,50

Exchange rate (eop) – R$/US$

3,87

4,03

5,80

5,50

5,30

Interest rate (% p.a. eop) - Selic

6,50

4,50

2,25

3,00

6,00

Primary Surplus (% of GDP)

-1,60

-0,85

-11,70

-3,50

-2,70

Current Account (% of GDP)

-0,80

-2,79

-1,60

-1,49

-1,61

Trade Balance (USD Bn)

59,87

48,04

35,16

34,55

43,30

Economic Reports

Brazil Macro Studies

A more in-depth analysis focused on the most relevant topics on the Brazilian economy. Usually focuses on a specific theme, be it economic activity, inflation, credit, monetary or fiscal policies, exchange rate and external accounts. This publication does not follow a regular calendar.
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Brazil Macro Compass

A weekly update of relevant topics in economics and forecasts of incoming indicators.
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International Economics - Macro Views

Our views on the European, American and LatAm economies.
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International Economics - Interest and Exchange Rates

Our views on the main currencies and interest rates in the economies covered by our research.
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