Brazil's current account deficit widened to a USD 9.04 billion in July 2019 from USD 4.40 billion in the same month of the previous year and compared with market forecasts of a USD 5.903 billion gap. It was the largest current account shortfall since January 2015, as the goods surplus narrowed to USD 1.60 billion from USD 3.55 billion a year earlier, as exports fell 11.1 percent while imports declined a softer 2.9 percent. Also, the primary income gap rose to USD 7.93 billion from USD 5.12 billion. On the other hand, the services shortfall declined to USD 2.96 billion from USD 3.01 billion in July 2018 and the secondary income surplus went up to USD 0.25 billion from USD 0.19 billion. Considering the first seven months of the year, the country recorded a USD 21.68 billion current account deficit, compared to a USD 4.40 billion gap in the corresponding period of last year. Current Account in Brazil averaged -1675.47 USD Million from 1980 until 2019, reaching an all time high of 3104.70 USD Million in May of 2017 and a record low of -13345 USD Million in January of 2014.

Current Account in Brazil is expected to be -200.00 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 450.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around -2800.00 USD Million in 2020, according to our econometric models.

Brazil Current Account
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-27 01:30 PM Current Account Apr $-0.06B $-0.49B $0.085B $-0.1B
2019-06-24 01:30 PM Current Account May $0.66B $-0.06B $-0.256B $0.7B
2019-07-25 01:30 PM Current Account Jun $-2.9B $0.66B $-1.5B $0.23B
2019-08-26 01:30 PM Current Account Jul $-9.04B $-2.9B $-5.903B $-3.6B
2019-09-23 01:30 PM Current Account Aug $-9.04B $-1.183B $-5.9B
2019-10-24 01:30 PM Current Account Sep $-4.7B
2019-11-25 12:30 PM Current Account Oct


Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 3280.00 2290.00 7660.98 -4068.90 USD Million [+]
Current Account -9034.90 -2913.60 3104.70 -13345.00 USD Million [+]
Current Account to GDP -0.77 -0.35 1.80 -8.20 percent [+]
Imports 15569.00 17761.00 23049.60 67.00 USD Million [+]
Exports 18853.00 20054.00 26148.24 75.06 USD Million [+]
External Debt 689500.60 679601.83 714260.45 64259.50 USD Million [+]
Terms of Trade 111.92 111.00 132.65 64.67 Index Points [+]
Capital Flows -8213.70 -2529.80 3366.30 -13679.20 USD Million [+]
Foreign Direct Investment 7657.89 2189.83 16274.73 -101.00 USD Million [+]
Remittances 211.00 251.40 386.00 70.80 USD Million [+]
Gold Reserves 67.36 67.40 119.01 31.99 Tonnes [+]
Crude Oil Production 2731.00 2604.00 2731.00 330.00 BBL/D/1K [+]
Terrorism Index 1.39 1.57 2.69 0.00 [+]
Weapons Sales 111.00 47.00 267.00 1.00 USD Million [+]
Tourist Arrivals 6621.00 6589.00 6621.00 1991.00 Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-9034.90 -2913.60 3104.70 -13345.00 1980 - 2019 USD Million Monthly




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


Related

Latest