Abstract
It’s not uncommon for a nation with a low savings rate to have a need for external sources of capital to finance domestic growth and Brazil is no different. The latest data shows that its savings rate is roughly 20 percent of GDP. In its peer group (BRICS), China’s saving rate is approximately 54 percent of GDP and India’s is around 35 percent of GDP. The data for Russia and South Africa compare more closely to Brazil.
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Notes
Billi, Robert M. and George A. Kahn (2008) ‘What is the Optimal Inflation Rate?’ Economic Review, Federal Reserve Bank of Kansas City. The article is on the bank’s website at WWW.KansasCityFed.org, p. 6.
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© 2013 Rich Marino
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Marino, R. (2013). An Analysis of Brazil’s Economy Relative to Its Capital Flows. In: Submerging Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137296504_5
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DOI: https://doi.org/10.1057/9781137296504_5
Publisher Name: Palgrave Macmillan, London
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