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.


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Brazil Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-11879.00 -5340.10 3006.80 -13344.90 1980 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-25 12:30 PM Oct $-7.9B $-4.1B $-5.475B $-3.8B
2019-12-20 12:30 PM Nov $-2.164B $-7.9B $-3.6B $-6.5B
2020-01-27 12:30 PM Dec $-5.691B $-2.083B $-4.5B $-2.8B
2020-02-21 12:30 PM Jan $-11.879B $-5.34B $-8.7B
2020-03-25 01:30 PM Feb $-11.879B $-6.5B
2020-04-24 01:30 PM Mar $ -3.2B
2020-05-26 01:30 PM Apr
2020-06-24 01:30 PM May


News Stream
Brazil Posts Largest Current Account Deficit in 5 Years
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.
2020-02-21
Brazil Current Account Gap Narrows in December
Brazil's current account deficit narrowed to USD 5.69 billion in December 2019 from USD 6.12 billion in the corresponding month of the previous year and compared with market expectations of a USD 4.5 billion shortfall. The primary income gap fell to USD 6.70 billion from USD 8.73 billion a year earlier. Meanwhile, the good surplus declined to USD 4.76 billion from USD 5.98 billion in December 2018, as exports fell 6 percent while imports rose 0.3 percent; and the services deficit rose to USD 3.54 billion from USD 3.45 billion. Also, the secondary income account shifted to a USD 0.22 billion gap from a USD 0.08 billion surplus. Considering 2019 as a whole, the country’s current account deficit increased to USD 50.76 billion from USD 41.54 billion in 2018.
2020-01-27
Brazil Posts Lowest Current Account Gap in 6 Months
Brazil's current account deficit narrowed to USD 2.16 billion in November 2019 from USD 3.05 billion in the corresponding month of the previous year and better than market estimates of a USD 3.6 billion shortfall. It was the smallest monthly current account deficit since May, as the services gap fell to USD 2.07 billion from USD 2.88 billion in November 2018, mostly due to the reduction in net equipment rental expenses to USD 0.70 billion from USD 1.5 billion. Also, the primary income shortfall decreased to USD 2.92 billion from USD 3.91 billion, owing to the decline in net income and dividend expenses to USD 1.8 billion from USD 2.8 billion. In contrast, the goods surplus shrank to USD 2.78 billion from USD 3.58 billion, with exports and imports falling 15.9 percent and 14.5 percent, respectively; and the secondary income surplus fell to USD 0.04 billion from USD 0.16 billion a year ago.
2019-12-20
Brazil Current Account Gap Widens Sharply in October
Brazil’s current account deficit widened sharply to USD 7.87 billion in October 2019 from USD 1.96 billion in the corresponding month of the previous year and compared with market forecasts of a USD 5.48 shortfall. The goods surplus narrowed to USD 0.49 billion from USD 5.35 billion in October 2018 and the services gap increased to USD 3.58 billion from USD 3.32 billion. Also, the primary income deficit rose to USD 4.86 billion from USD 4.13 billion and the secondary income surplus decreased to USD 0.07 billion from USD 0.14 billion a year earlier.
2019-11-25

Brazil Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).