Brazil’s current account deficit shrank to USD 2.8 billion in March of 2022 from USD 5.2 billion in the same month of the previous year. The goods trade account switched to a USD 6.1 billion surplus from a USD 0.5 billion deficit in March of 2021 and the shortfall in the services account widened to USD 2.2 billion, from USD 1.1 billion last year. Meanwhile, the primary income gap stood at USD 7.0 billion, compared with USD 4.1 billion in March of 2021, while the secondary income surplus narrowed to USD 0.2 billion, from USD 0.5 billion. source: Banco Central do Brasil
Current Account in Brazil averaged -1886.19 USD Million from 1980 until 2022, reaching an all time high of 4375.30 USD Million in April of 2021 and a record low of -13360.80 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 August of 2022.
Current Account in Brazil is expected to be -5000.00 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 -5500.00 USD Million in 2023 and -6000.00 USD Million in 2024, according to our econometric models.