Brazil recorded a Current Account surplus of 1900 USD Million in March of 2022. 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 July of 2022.

Current Account in Brazil is expected to be -4500.00 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.

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Brazil Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-02-23 12:30 PM Jan $-8.1B $-5.9B $-7.8B $-8B
2022-04-29 12:30 PM Feb $-2.414B $-8.1B $-1.8B $-3B
2022-07-25 12:30 PM May $-5B

Related Last Previous Unit Reference
Current Account 1900.00 -2414.00 USD Million Mar 2022
Current Account to GDP -1.80 -1.70 percent of GDP Dec 2021
External Debt 678013.52 674121.74 USD Million Jun 2022
Capital Flows -2867.30 -8665.00 USD Million Feb 2022
Foreign Direct Investment 11842.56 4709.02 USD Million Feb 2022
Remittances 344.89 357.28 USD Million Feb 2022

Brazil Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
1900.00 -2414.00 4375.30 -13360.80 1980 - 2022 USD Million Monthly

News Stream
Brazil Current Account Gap Narrows in February
Brazil’s current account deficit shrank to USD 2.4 billion in February of 2022 from USD 4 billion in the same month of the previous year, slightly above market expectations of USD 1.8 billion. The goods trade account switched to a USD 2.1 billion surplus from a USD 0.4 billion deficit in February of 2021 and the secondary income surplus rose to USD 0.5 billion from USD 0.3 billion. Meanwhile, the services deficit rose to USD 3.3 billion from USD 1.4 billion and the primary income gap widened sharply to USD 9.8 billion from USD 2.5 billion.
Brazil Current Account Gap Narrows Less than Forecasted
Brazil’s current account deficit narrowed to USD 8.1 billion in January of 2022 from USD 8.3 billion in the same month of the previous year and above market expectations of USD 7.8 billion. The goods trade shortfall shrank to USD 1.5 billion from USD 2.6 billion in January of 2021, helped by a 31.3 percent jump in exports to USD 19.8 billion against a softer 20.4 percent increase in imports to USD 21.3 billion. Conversely, the services trade gap widened significantly to USD 1.5 billion from USD 1.0 billion a year ago, amid larger net losses in the international travel account. Finally, the primary income deficit increased to USD 5.4 billion from USD 5.0 billion, while the secondary income surplus was little changed at USD 0.3 billion.
Brazil Current Account Gap Narrows More than Expected
Brazil’s current account deficit narrowed to USD 5.9 billion in December of 2021 from USD 8.5 billion in the same month of the previous year and below market expectations of USD 6.5 billion. The goods account switched to a USD 2.7 billion surplus from a USD 1.9 billion deficit in December of 2020, as exports surged 32.2 percent to USD 24.6 billion, while imports rose a slower 6.7 percent to USD 21.9 billion. Additionally, the secondary income surplus increased to USD 0.3 billion from USD 0.2 billion in the same period last year. On the other hand, the services shortfall widened to USD 1.9 billion, from USD 1.7 billion last year, the primary income gap expanded to USD 6.9 billion from USD 5.0 billion.