Brazil’s current account deficit shrank to $5.1 billion in September 2026 from $8.8 billion a year earlier and compared with market forecasts of $5 billion. The trade surplus jumped to $6.9 billion from $2.5 billion in September 2025, as exports surged by 12.9% yoy to $34.6 billion, while imports fell 1.7% to $27.7 billion. As a net oil exporter, Brazil likely benefited from higher oil prices. Meanwhile, the services account deficit widened to $5.2 billion from $4.8 billion a year ago, driven by higher transportation, equipment rental and intellectual property expenses. The primary income deficit increased slightly to $7.2 billion from $6.9 billion, as a 13.9% increase in net profit and dividend expenses outweighed a 12.2% decline in net interest expenses. The secondary income surplus went up to $0.48 billion from $0.39 billion. Over the 12 months to September, the country posted a current account shortfall of $49.3 billion, down from $56.7 billion in the same period a year ago. source: Banco Central do Brasil

Brazil recorded a Current Account deficit of 5100 USD Million in September of 2026. Current Account in Brazil averaged -2347.23 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 November of 2026.

Brazil recorded a Current Account deficit of 5100 USD Million in September of 2026. Current Account in Brazil is expected to be -3800.00 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 -4000.00 USD Million in 2027 and -5100.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-28 11:30 AM
Current Account
Aug $-5.06B $-9.37B $-4.9B $-6.2B
2026-10-26 11:30 AM
Current Account
Sep $-5.1B $-5.54B $-5B $ -4.5B
2026-11-25 11:30 AM
Current Account
Oct $-5.1B


Related Last Previous Unit Reference
Balance of Trade 7740.56 6908.52 USD Million Sep 2026
Capital Flows -7151.40 -6234.50 USD Million Sep 2026
Current Account -5100.00 -5541.00 USD Million Sep 2026
Current Account to GDP -2.96 -3.03 percent of GDP Dec 2025
Exports 34418.10 32732.20 USD Million Sep 2026
External Debt 869521.86 855647.24 USD Million Jun 2026
Foreign Direct Investment 11290.00 7400.00 USD Million Sep 2026
Imports 26677.50 25823.70 USD Million Sep 2026
Remittances 335.90 356.20 USD Million Sep 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
-5100.00 -5541.00 3403.00 -14126.00 1980 - 2026 USD Million Monthly

News Stream
Brazil Current Account Gap Shrinks 42% YoY in September
Brazil’s current account deficit shrank to $5.1 billion in September 2026 from $8.8 billion a year earlier and compared with market forecasts of $5 billion. The trade surplus jumped to $6.9 billion from $2.5 billion in September 2025, as exports surged by 12.9% yoy to $34.6 billion, while imports fell 1.7% to $27.7 billion. As a net oil exporter, Brazil likely benefited from higher oil prices. Meanwhile, the services account deficit widened to $5.2 billion from $4.8 billion a year ago, driven by higher transportation, equipment rental and intellectual property expenses. The primary income deficit increased slightly to $7.2 billion from $6.9 billion, as a 13.9% increase in net profit and dividend expenses outweighed a 12.2% decline in net interest expenses. The secondary income surplus went up to $0.48 billion from $0.39 billion. Over the 12 months to September, the country posted a current account shortfall of $49.3 billion, down from $56.7 billion in the same period a year ago.
2026-10-26
Brazil Current Account Deficit Deepens More Than Expected
Brazil’s current account deficit widened to $5.06 billion in August 2026, from $3.78 billion a year earlier, well above market expectations for a $4.9 billion shortfall. The deterioration was driven by a widening of 28.2% of the services deficit to $5.3 billion, largely due to higher net transportation expenses (28.3%), intellectual property costs (52.4%), telecommunications, computing and information services (128.2%), and equipment rental (6.6%). The primary income deficit also widened to $7 billion, driven by higher expenses on profits and dividends. In contrast, the goods trade surplus widened to $6.6 billion, as exports rose 12.1% year-on-year, outpacing 9.4% growth in imports. The secondary income surplus also rose to $528 million. Over the twelve months to August, the current account deficit rose to 2.47% of GDP.
2026-09-28
Brazil Current Account Deficit Widens in July
Brazil’s current account deficit widened to $8.11 billion in July 2026, from $6.9 billion a year earlier, exceeding market expectations for a narrowing to $6.6 billion. The goods trade surplus fell to $6.2 billion, as imports grew 8.1%, outpacing the 5.7% increase in exports. Meanwhile, the services deficit widened to $5.3 billion, driven by higher expenses on transportation (26.3%), telecommunications, computing and information services (27.6%), and intellectual property (27.4%). The primary income deficit also widened to $9.4 billion, mainly due to higher net expenses on profits and dividends, while the secondary income surplus narrowed to $404 million.
2026-08-27