Brazil's current account deficit narrowed to USD 4 billion in March of 2021 from USD 4.3 billion in the same month of the previous year and below market expectations of a USD 2.5 billion gap. The services deficit shrank to USD 1.1 billion, from USD 1.7 billion a year earlier, while the goods account switched to a USD 0.4 billion deficit from a USD 2.1 billion surplus in March of 2020, due to a 53.6 percent surge in imports while exports rose a slower 33.7 percent. Meantime, the primary income deficit narrowed to USD 3.0 billion from USD 4.9 billion and the secondary income surplus increased to USD 0.5 billion from 0.2 billion in the same period of 2020. source: Banco Central do Brasil
Current Account in Brazil averaged -1793.33 USD Million from 1980 until 2021, reaching an all time high of 3053 USD Million in June of 2020 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. Brazil Current Account - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Current Account in Brazil is expected to be 1950.00 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 -1200.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around -5000.00 USD Million in 2022 and -4000.00 USD Million in 2023, according to our econometric models.