Brazil's current account deficit shrank to 0.72 percent in 2020 from 2.70 percent in 2019. source: Banco Central do Brasil

Current Account to GDP in Brazil averaged -1.96 percent from 1980 until 2020, 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 May of 2021.

Current Account to GDP in Brazil is expected to reach 0.10 percent by the end of 2021, 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 -0.30 percent in 2022, according to our econometric models.

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Brazil Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.72 -2.70 1.70 -8.20 1980 - 2020 percent Yearly

Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 10300.00 1500.00 10300.00 -4068.90 USD Million [+]
Current Account -3970.00 -3201.00 3053.00 -13344.90 USD Million [+]
Current Account to GDP -0.72 -2.70 1.70 -8.20 percent [+]
Imports 16131.60 23022.84 23049.60 67.00 USD Million [+]
Exports 26480.80 24504.65 26480.80 75.06 USD Million [+]
External Debt 627564.75 620869.79 714260.45 64259.50 USD Million [+]
Terms of Trade 128.75 125.39 132.65 64.67 points [+]
Capital Flows -3896.10 -2281.30 3157.50 -13679.20 USD Million [+]
Foreign Direct Investment 6860.00 9000.00 16274.73 -103.33 USD Million [+]
Remittances 362.62 302.16 385.97 70.79 USD Million [+]
Gold Reserves 67.36 67.36 119.01 31.99 Tonnes [+]
Crude Oil Production 2873.01 2726.36 3168.00 330.00 BBL/D/1K [+]
Terrorism Index 2.44 2.53 2.69 0.00 [+]
Tourist Arrivals 6353.00 6621.00 6621.00 1991.00 Thousand [+]
Weapons Sales 170.00 10.00 269.00 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.