Brazil's current account deficit widened significantly to USD 4.1 billion in July of 2022 from USD 1.2 billion in the corresponding month of the previous year. It was the largest current account shortfall since January, as the primary income gap rose to USD 6.5 billion from USD 6.4 billion in July of 2021 and the services deficit increased to USD 2.1 billion from USD 1.3 billion. Concomitantly, the goods surplus decreased to USD 4.2 billion from USD 6.3 billion a year ago and the secondary income surplus went up slightly to USD 0.4 billion from USD 0.3 billion. source: Banco Central do Brasil
Current Account in Brazil averaged -1890.68 USD Million from 1980 until 2022, reaching an all time high of 4375.30 USD Million in April of 2021 and a record low of -13360.80 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. Brazil Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Current Account in Brazil is expected to be -600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Current Account is projected to trend around -5500.00 USD Million in 2023 and -6000.00 USD Million in 2024, according to our econometric models.