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Economic Research – Santander Brazil

Economic Research - Santander

Stay ahead of economic changes.

Data, projections and economy analysis.
Complete reports and studies in one place.
Investors, businesspeople and other interested parties.

Macroeconomic Forecast

Indicators202120222023Forecasts 2024Forecasts 2025

GDP Growth Rate (%)

4,8

3,0

2,9

3,5

1,8

Inflation (% YoY) - IPCA

10,1

5,8

4,6

4,9

5,5

Inflation - IGP-M (%)

17,8

5,5

-3,2

6,5

6,4

Exchange rate (eop) – R$/US$

5,58

5,22

4,84

6,18

6,00

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

9,25

13,75

11,75

12,25

14,50

Unemployment rate - average

13,5

9,5

8,0

6,9

6,4

Trade Balance (USD Bn)

61,4

61,5

98,8

75,7

84,0

Current Account (% of GDP)

-2,8

-2,5

-1,4

-2,3

-2,1

Public Sector Primary Fiscal Result (% of GDP)

0,7

1,3

-2,3

-0,4

-1,0

Consult the Chartbook

Access our main indicators here, including those from previous years.

Santander Economists

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