Brazil’s current account deficit narrowed sharply to $3.4 billion in December 2025, from a $10.2 billion shortfall a year earlier and well below market expectations of a $5.3 billion deficit. The improvement was driven by a stronger goods trade balance, which posted an $8.8 billion surplus, up from $4.1 billion in December 2024. Goods exports rose 24.3% year-on-year to $31.2 billion, while imports increased 6.7% to $22.4 billion. The services account deficit declined 23.2% to $3.8 billion, compared with $5.0 billion a year earlier. The primary income deficit narrowed 8.4% to $9.2 billion, while the secondary income account recorded a larger surplus, rising by $176 million year-on-year. For full-year 2025, Brazil’s current account deficit reached $68.8 billion, equivalent to 3.02% of GDP, slightly wider in nominal terms than the $66.2 billion deficit (3.03% of GDP) recorded in 2024. source: Banco Central do Brasil

Brazil recorded a Current Account deficit of 3363 USD Million in December of 2025. Current Account in Brazil averaged -2300.47 USD Million from 1980 until 2025, 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 February of 2026.

Brazil recorded a Current Account deficit of 3363 USD Million in December of 2025. Current Account in Brazil is expected to be -7000.00 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
2025-12-19 11:30 AM
Current Account
Nov $-4.94B $-5.51B $-4.95B $ -5.8B
2026-01-26 11:30 AM
Current Account
Dec $-3.36B $-4.94B $-5.3B $ -3.5B
2026-02-24 11:30 AM
Current Account
Jan $-3.36B $ -5.1B


Related Last Previous Unit Reference
Balance of Trade 4340.00 9630.00 USD Million Jan 2026
Capital Flows -2254.80 -5001.50 USD Million Dec 2025
Current Account -3363.00 -4956.00 USD Million Dec 2025
Current Account to GDP -3.02 -3.03 percent of GDP Dec 2025
Exports 25153.19 31037.88 USD Million Jan 2026
External Debt 804218.45 766905.40 USD Million Sep 2025
Foreign Direct Investment -5248.30 9820.30 USD Million Dec 2025
Imports 20810.43 21404.72 USD Million Jan 2026
Remittances 437.20 348.60 USD Million Dec 2025


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
-3363.00 -4956.00 3403.00 -14126.00 1980 - 2025 USD Million Monthly

News Stream
Brazil Current Account Deficit Narrows Sharply in December
Brazil’s current account deficit narrowed sharply to $3.4 billion in December 2025, from a $10.2 billion shortfall a year earlier and well below market expectations of a $5.3 billion deficit. The improvement was driven by a stronger goods trade balance, which posted an $8.8 billion surplus, up from $4.1 billion in December 2024. Goods exports rose 24.3% year-on-year to $31.2 billion, while imports increased 6.7% to $22.4 billion. The services account deficit declined 23.2% to $3.8 billion, compared with $5.0 billion a year earlier. The primary income deficit narrowed 8.4% to $9.2 billion, while the secondary income account recorded a larger surplus, rising by $176 million year-on-year. For full-year 2025, Brazil’s current account deficit reached $68.8 billion, equivalent to 3.02% of GDP, slightly wider in nominal terms than the $66.2 billion deficit (3.03% of GDP) recorded in 2024.
2026-01-26
Brazil Current Account Deficit Widens in November
Brazil’s current account deficit widened to USD 4.9 billion in November 2025, from USD 4.4 billion a year earlier, in line with market expectations. The goods trade surplus narrowed to USD 5.1 billion from USD 6.0 billion, as exports rose 2.3% to USD 28.7 billion while imports increased faster, up 7.1% to USD 23.6 billion. The services deficit declined 11.8% to USD 4.5 billion. Meanwhile, the primary income deficit widened 6.4% to USD 6.2 billion, while secondary income increased by USD 176 million. Over the twelve months to November, the current account deficit reached USD 77.7 billion, equivalent to 3.47% of GDP, up from USD 77.2 billion (3.49%) in October and above the USD 61.5 billion (2.78%) recorded a year earlier.
2025-12-19
Brazil Current Account Gap Narrows in October
Brazil’s current account deficit narrowed to USD 5.1 billion in October 2025, from USD 7.4 billion a year earlier. The goods trade surplus widened to USD 6.2 billion from USD 3.2 billion, as exports rose 8.9% to USD 32.1 billion and imports fell 1.3% to USD 25.9 billion. The services deficit held at USD 4.4 billion. The primary income deficit increased 12.7% to USD 7.4 billion, while secondary income was stable. Over the twelve months to October, the current account deficit reached USD 76.7 billion (3.48% of GDP), down from USD 79.0 billion (3.61%) in September but above the USD 57.3 billion (2.57%) gap seen a year earlier.
2025-11-25