FX.co ★ Brazil's Gross Debt-to-GDP Ratio Inches Up to 76.0% in April 2024

Brazil's economic landscape saw a slight uptick in its gross debt-to-GDP ratio in April 2024, marking a new shift in the nation's financial health. As of May 29, 2024, the gross debt-to-GDP ratio had reached 76.0%, compared to 75.7% in March 2024.

The month-over-month comparison highlights a small but significant increase, as the ratio has edged up by 0.3 percentage points since the last recorded data. This follows a period of stability where Brazil's gross debt-to-GDP ratio held steady at 75.7% in March 2024.

This data update underscores the evolving economic conditions in Brazil and signals the need for continued monitoring and potentially adaptive financial strategies to manage the nation's debt levels effectively.