Brazil's current account deficit widened to USD 11.88 billion in January 2020 from USD 9.05 billion in the same month of the previous year. It was the largest current account gap since January 2015, as the goods account shifted to a USD 2.56 billion shortfall from USD 1.06 billion a year earlier. Also, the secondary income surplus increased to USD 0.11 billion from USD 0.01 billion. Meanwhile, the services deficit narrowed to USD 2.66 billion from USD 2.84 billion in January 2019; and the primary income shortfall decreased to USD 6.77 billion from USD 7.27 billion.
Current Account in Brazil averaged -1816.17 USD Million from 1980 until 2020, reaching an all time high of 3006.80 USD Million in July of 2006 and a record low of -13344.90 USD Million in January of 2014. This page provides the latest reported value for - Brazil Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Banco Central do Brasil
Current Account in Brazil is expected to be -1200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Brazil to stand at -3400.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around -2800.00 USD Million in 2021 and -2700.00 USD Million in 2022, according to our econometric models.