Brazil's current account deficit narrowed to USD 0.80 billion in November 2018 from USD 2.16 billion in the same month of the previous year and below market expectations of a USD 1.9 billion gap. The goods surplus increased to USD 3.58 billion from USD 3.25 billion a year ago, while the services deficit fell to USD 2.71 billion from USD 3.12 billion and the primary income gap declined to USD 1.90 billion from USD 2.40 billion. Current Account in Brazil averaged -1649.86 USD Million from 1980 until 2018, reaching an all time high of 3250 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 -4200.00 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 -3200.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around -4400.00 USD Million in 2020, according to our econometric models.