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.