Brazil recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Brazil averaged -1.99 percent from 1980 until 2019, reaching an all time high of 1.70 percent in 2004 and a record low of -8.20 percent in 1982. This page provides - Brazil Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Current Account to GDP - values, historical data and charts - was last updated on August of 2020. source: Banco Central do Brasil

Current Account to GDP in Brazil is expected to reach -3.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Current Account to GDP is projected to trend around -3.30 percent in 2021 and -3.40 percent in 2022, according to our econometric models.

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Brazil Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -2.20 1.70 -8.20 1980 - 2019 percent Yearly

Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 8060.00 7463.40 8060.00 -4068.90 USD Million [+]
Current Account 2235.00 1020.00 3183.00 -13344.90 USD Million [+]
Current Account to GDP -2.70 -2.20 1.70 -8.20 percent [+]
Imports 11500.00 10449.00 23049.60 67.00 USD Million [+]
Exports 19600.00 17912.00 26148.24 75.06 USD Million [+]
External Debt 633825.30 672027.80 714260.45 64259.50 USD Million [+]
Terms of Trade 104.28 106.64 132.65 64.67 points [+]
Capital Flows 2437.60 1471.80 3624.00 -13679.20 USD Million [+]
Foreign Direct Investment 4750.00 2550.00 16274.73 -103.33 USD Million [+]
Remittances 268.10 235.60 386.00 70.80 USD Million [+]
Gold Reserves 67.40 67.36 119.01 31.99 Tonnes [+]
Crude Oil Production 2958.00 2973.00 3168.00 330.00 BBL/D/1K [+]
Tourist Arrivals 6353.00 6621.00 6621.00 1991.00 Thousand [+]
Terrorism Index 2.53 1.39 2.69 0.00 [+]
Weapons Sales 10.00 100.00 267.00 0.00 USD Million [+]


Brazil Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.