Brazil's current account balance shifted to a USD 1.63 billion surplus in July 2020 from a USD 9.79 billion deficit in the corresponding month of the previous year and compared with market expectations of a USD 0.737 billion surplus. The goods surplus widened sharply to USD 7.38 billion from USD 1.65 billion a year earlier and the services shortfall narrowed to USD 1.82 billion from USD 3.44 billion. Also, the primary income gap declined to USD 4.15 billion from USD 8.17 billion; and the secondary income surplus went up to USD 0.21 billion from USD 0.16 billion. Considering the first seven months the year, the country’s trade deficit decreased to USD 11.79 billion from USD 30.99 billion in the same period of 2019.

Current Account in Brazil averaged -1793.97 USD Million from 1980 until 2020, reaching an all time high of 3895.50 USD Million in June of 2020 and a record low of -13344.90 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 September of 2020. source: Banco Central do Brasil

Current Account in Brazil is expected to be 1700.00 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 1150.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around 850.00 USD Million in 2021 and 500.00 USD Million in 2022, according to our econometric models.

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Brazil Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1627.70 3895.50 3895.50 -13344.90 1980 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-26 12:30 PM Apr $3.84B $0.87B $3B $2.6B
2020-06-24 12:30 PM May $1.33B $3.84B $1.9B $2.1B
2020-07-28 12:30 PM Jun $2.2B $1.0B $3.8B $2B
2020-08-25 12:30 PM Jul $1.628B $3.896B $0.737B $1.1B
2020-09-23 12:30 PM Aug $1.628B $2.45B $2B
2020-10-23 12:30 PM Sep $1.7B
2020-11-25 12:30 PM Oct
2020-12-18 12:30 PM Nov


News Stream
Brazil Current Account Balance Swings to Surplus in July
Brazil's current account balance shifted to a USD 1.63 billion surplus in July 2020 from a USD 9.79 billion deficit in the corresponding month of the previous year and compared with market expectations of a USD 0.737 billion surplus. The goods surplus widened sharply to USD 7.38 billion from USD 1.65 billion a year earlier and the services shortfall narrowed to USD 1.82 billion from USD 3.44 billion. Also, the primary income gap declined to USD 4.15 billion from USD 8.17 billion; and the secondary income surplus went up to USD 0.21 billion from USD 0.16 billion. Considering the first seven months the year, the country’s trade deficit decreased to USD 11.79 billion from USD 30.99 billion in the same period of 2019.
2020-08-25
Brazil Current Account Balance Swings to Surplus
Brazil's current account balance shifted to a USD 2.24 billion surplus in June 2020 from a USD 2.66 billion deficit in the same month of the previous year and compared with market expectations of a USD 3.8 billion surplus. The goods surplus widened to USD 6.90 billion from USD 4.71 billion a year earlier and the services gap narrowed to USD 1.37 billion from USD 3.55 billion. Additionally, the primary income shortfall went down to USD 3.45 billion from USD 3.88 billion; and the secondary income surplus increased to USD 0.16 billion from USD 0.05 billion. Considering the first half of the year, the country’s trade gap fell sharply to USD 9.73 billion from USD 20.99 billion in the corresponding period of 2019.
2020-07-28
Brazil Current Account Balance Swings to Surplus in May
Brazil's current account balance shifted to a USD 1.33 billion surplus in May 2020 from a USD 1.38 billion deficit in the corresponding month of the previous year and compared with market expectations of a USD 1.9 billion surplus. The services shortfall narrowed to USD 1.72 billion from USD 3.26 billion a year earlier; and the primary income gap decreased to USD 1.30 billion from USD 3.43 billion. On the other hand, the goods surplus dropped to USD 4.21 billion from USD 5.02 billion in May 2019; and the secondary income surplus went down to USD 0.14 billion from USD 0.30 billion.
2020-06-24
Brazil Posts Largest Current Account Surplus on Record
Brazil's current account balance shifted to a USD 3.84 billion surplus in April 2020 from a USD 1.91 billion deficit in the same month of the previous year and compared with market expectations of a USD 3 billion surplus. It was the largest current account surplus on record, as the goods surplus widened to USD 6.44 billion from USD 5.13 billion a year earlier and the services shortfall narrowed to USD 1.21 billion from USD 3.30 billion. Additionally, the primary income gap declined to USD 1.56 billion from USD 3.86 billion in April 2019; and the secondary income surplus increased to USD 0.17 billion from USD 0.13 billion.
2020-05-26

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).