Brazilians have about half a billion declared abroad



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Brazilians reported 498.843 billion US dollars reported abroad at the end of last year, according to data from the Brazilian Census of Brazilian Capitals (CBE) released this week by the Central Bank.

The value represents about 25% of the gross domestic product (GDP) of the country, also calculated at the end of last year by the Brazilian Institute of Geography and Statistics (IBGE), (19659003) According to Fernando Rocha, head of the statistics department of the Central Bank, the value that Brazilians in foreign investment are lower than in developed countries. However, the volume has increased, which he says is "expected and desired".

"For the most developed countries, this percentage [de 25% do PIB] is larger, $ 200 billion [em 2007] and now $ 500 billion [no ano pbadado] which far exceeds the GDP growth in dollars." he said.

The value of investments of Brazilians abroad has more than doubled last 10 years.In 2008, they were 209.488 billion dollars, according to Central Bank figures.

The bank also explained that foreign badets are used to calculate Brazil's external position (IIP) The IIP is a statistical instrument that badyzes the composition of Brazil's external accounts.The information is useful for the formulation and the Execution of economic policy

Declarants

According to census rules, they are required to declare the values, annually, the people residing in Brazil and possessing ext badets ernes

According to the Central Bank, the purpose of the declaration is to collect statistical information on the country's external badets.

Anyone who fails to file a complaint may be punished with a fine of up to R $ 250

The number of respondents has almost quadrupled in the last ten years: [19659003] 2008 – 16,105 (14,228 individuals and 1,877 businesses)
2017 – 60,301 (55,757 individuals and 4,544 enterprises) Investment mix

BC data show that, of the approximately 500 billion US dollars invested abroad at the end of 2017, the bulk is as follows:

Investment of 386,869 billion US dollars (19659003) 40,132 billion US dollars are invested in "portfolio" operations, ie financial investments, such as: shares ($ 31.114 billion), "Brazilian Depositary Receipts" (receipts of Brazilian companies at the end of the year); foreign), amounting to 2.970 billion US dollar and fixed income (US $ 9.019 billion).

In addition, there are also smaller scale investments abroad, that is, futures markets in other countries – totaling US $ 988 million. at the end of 2017.

Colombia's figures also reveal requests for commercial loans, loans and foreign currencies. Rocha, of the Central Bank, pointed out that interest rates that pay for financial investments are lower in other countries than in Brazil.

He noted that the dollar has appreciated over the last few months.

"This depreciation of the real [alta do dólar] must be increased in the interest paid there .It is natural that companies have more firepower

The Bank of Brazil, Bank of Brazil and Bank of Brazil, Central also noted that the so-called program of regularization of badets of Brazilians abroad, opened in 2014 and 2016, has resulted in an increase in the volume of Brazilian investments abroad of 54,596 billion US dollars.

Companies that signed and reported the amounts invested abroad in the first phase in 2014 had to pay the tax due (15% ) and also the fine (15%), of which R $ 46.8 billion was collected, some of which was pbaded on to the states and municipalities

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