Brazil's current account deficit shrank to 0.72 percent in 2020 from 2.70 percent in 2019. source: Banco Central do Brasil

Current Account to GDP in Brazil averaged -1.96 percent from 1980 until 2020, reaching an all time high of 1.70 percent in 2004 and a record low of -8.20 percent in 1982. This page provides - Brazil Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Brazil is expected to reach -0.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Current Account to GDP is projected to trend around -1.00 percent of GDP in 2022 and -1.50 percent of GDP in 2023, according to our econometric models.

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Brazil Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.72 -2.70 1.70 -8.20 1980 - 2020 percent of GDP Yearly

Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 10372.04 9290.87 10372.04 -4496.46 USD Million [+]
Current Account 2790.70 3140.80 4829.60 -13344.90 USD Million [+]
Current Account to GDP -0.72 -2.70 1.70 -8.20 percent of GDP [+]
Imports 17732.26 17657.42 23201.59 67.00 USD Million [+]
Exports 28104.30 26948.28 28104.30 75.06 USD Million [+]
External Debt 636720.11 627564.75 714260.45 64259.50 USD Million [+]
Terms of Trade 128.59 131.45 132.65 64.67 points [+]
Capital Flows 2450.00 4130.00 5639.10 -13679.20 USD Million [+]
Foreign Direct Investment 174.48 1598.51 16274.73 -103.33 USD Million [+]
Remittances 299.86 298.76 385.97 70.79 USD Million [+]
Gold Reserves 67.36 67.36 119.01 31.99 Tonnes [+]
Crude Oil Production 2844.32 2818.92 3168.00 330.00 BBL/D/1K [+]
Terrorism Index 2.44 2.53 2.69 0.00 [+]
Tourist Arrivals 6353.00 6621.00 6621.00 1991.00 Thousand [+]
Weapons Sales 170.00 10.00 269.00 0.00 SIPRI TIV Million [+]


Brazil Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.