Brazil's current account deficit narrowed slightly to $3.2 billion in May 2026 from $3.2 billion in the same month of the previous year, coming in below market expectations of a $4.2 billion deficit. The trade surplus widened by $0.5 billion to $7.8 billion from $7.1 billion last year, as exports rose 6.6%, outpacing a 5.3% increase in imports. The secondary income surplus increased slightly to $0.57 billion from $0.44 billion a year ago. Meanwhile, the services deficit widened to $5.2 billion from $4.6 billion, driven by higher spending on international travel, telecommunications and IT services, and intellectual property. The primary income deficit was little changed from the previous year at $5.5 billion, with a 6.8% decline in net profit and dividend outflows, while net interest payments fell 18.1%. source: Banco Central do Brasil

Brazil recorded a Current Account deficit of 3190 USD Million in May of 2026. Current Account in Brazil averaged -2319.56 USD Million from 1980 until 2026, reaching an all time high of 3403.00 USD Million in April of 2021 and a record low of -14126.00 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 June of 2026.

Brazil recorded a Current Account deficit of 3190 USD Million in May of 2026. Current Account in Brazil is expected to be -3000.00 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 -5800.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-26 11:30 AM
Current Account
Apr $-1.77B $-5.94B $-0.2B $-0.4B
2026-06-26 11:30 AM
Current Account
May $-3.19B $-1.77B $-4.16B $-4.0B
2026-07-28 11:30 AM
Current Account
Jun $-3.19B $ -3B


Related Last Previous Unit Reference
Balance of Trade 7823.20 10578.10 USD Million May 2026
Capital Flows -2175.00 -6165.40 USD Million Apr 2026
Current Account -3190.00 -1770.00 USD Million May 2026
Current Account to GDP -3.02 -3.03 percent of GDP Dec 2025
Exports 31904.00 34211.30 USD Million May 2026
External Debt 819469.66 804218.45 USD Million Dec 2025
Foreign Direct Investment 7974.00 8912.00 USD Million May 2026
Imports 24080.80 23633.20 USD Million May 2026
Remittances 366.50 411.60 USD Million Apr 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
-3190.00 -1770.00 3403.00 -14126.00 1980 - 2026 USD Million Monthly

News Stream
Brazil Current Account Deficit Lower Than Expected
Brazil's current account deficit narrowed slightly to $3.2 billion in May 2026 from $3.2 billion in the same month of the previous year, coming in below market expectations of a $4.2 billion deficit. The trade surplus widened by $0.5 billion to $7.8 billion from $7.1 billion last year, as exports rose 6.6%, outpacing a 5.3% increase in imports. The secondary income surplus increased slightly to $0.57 billion from $0.44 billion a year ago. Meanwhile, the services deficit widened to $5.2 billion from $4.6 billion, driven by higher spending on international travel, telecommunications and IT services, and intellectual property. The primary income deficit was little changed from the previous year at $5.5 billion, with a 6.8% decline in net profit and dividend outflows, while net interest payments fell 18.1%.
2026-06-26
Brazil Current Account Gap Larger than Expected
Brazil's current account shortfall rose to $1.8 billion in April 2026 from $1.6 billion in the same month of the previous year, larger than the expected 0.2 billion deficit. The services gap widened to $5.0 billion from $4.1 billion in April 2025, mainly driven by higher spending on travel abroad, telecom and IT services, and equipment rentals. At the same time, the primary income shortfall rose to $6.8 billion from $5 billion, as net expenses for profits and dividends rose to $4.6 billion from $3.4 billion a year earlier, while net interest expenses increased to $2.3 billion from $1.7 billion. On the other hand, the trade surplus increased to $9.7 billion from $7 billion a year ago, as exports jumped 13.9% while imports rose at a slower 6.2%. The secondary income surplus decreased slightly to $0.4 billion from $0.5 billion.
2026-05-26
Brazil Current Account Deficit Widens in March
Brazil's current account deficit widened to $6.0 billion in March 2026 from $2.9 billion in March 2025, missing forecasts of a $5.6 billion gap. The goods trade surplus contracted to $5.6 billion from $7.2 billion. Goods exports rose 9.5% year-on-year to $31.7 billion, while goods imports climbed 19.9% to $26.1 billion. The services account deficit expanded to $4.8 billion from $4.2 billion, driven by increases in telecommunications, computing and information expenses (up 27.4%), intellectual property services (up 9.2%), and transport expenses (up 7.5%). The primary income deficit reached $7.4 billion, up 17.8%, as net interest expenses surged 33.5% to $2.6 billion on higher intercompany operations, while net profit and dividend expenses totaled $4.8 billion, up 10.7%. The 12-month current account deficit through March 2026 widened to $64.3 billion (2.71% of GDP) from $61.2 billion (2.61% of GDP) in February.
2026-04-24