Brazil's current account deficit widened markedly to USD 4.5 billion in October of 2021 from USD 1.2 billion in the same month of the previous year but was lower than market expectations of USD 4.8 billion. The latest reading reflects a sharp decrease in the goods trade surplus to USD 1.3 billion, from USD 3.7 billion a year earlier, as imports soared 52.0% to USD 21.5 billion, while exports rose a slower 27.8 percent to USD 22.8 billion. Meanwhile the services deficit narrowed slightly to USD 1.5 billion from USD 1.7 billion in October of 2020, whilst the primary income gap widened to USD 4.6 billion, compared with USD 3.3 billion a year earlier and the secondary income surplus doubled to USD 0.3 billion. source: Banco Central do Brasil

Current Account in Brazil averaged -1860.11 USD Million from 1980 until 2021, reaching an all time high of 4852.20 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 December of 2021.

Current Account in Brazil is expected to be -4000.00 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 -3700.00 USD Million in 2022 and -3100.00 USD Million in 2023, according to our econometric models.

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Brazil Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-10-22 12:30 PM Sep -$1.7B $1.684B $-1.553B $1.3B
2021-11-25 12:30 PM Oct $-4.464B $-1.895B -4.823B $-4.4B
2021-12-22 12:30 PM Nov $-4.46B


Related Last Previous Unit Reference
Current Account -4463.80 -1894.60 USD Million Oct/21
Current Account to GDP -0.72 -2.70 percent of GDP Dec/20
External Debt 661252.52 636720.11 USD Million Sep/21
Foreign Direct Investment 2492.71 4599.90 USD Million Oct/21
Capital Flows -2200.17 -1729.50 USD Million Oct/21
Remittances 339.77 320.42 USD Million Oct/21

News Stream
Brazil Current Account Gap Smaller than Anticipated
Brazil's current account deficit widened markedly to USD 4.5 billion in October of 2021 from USD 1.2 billion in the same month of the previous year but was lower than market expectations of USD 4.8 billion. The latest reading reflects a sharp decrease in the goods trade surplus to USD 1.3 billion, from USD 3.7 billion a year earlier, as imports soared 52.0% to USD 21.5 billion, while exports rose a slower 27.8 percent to USD 22.8 billion. Meanwhile the services deficit narrowed slightly to USD 1.5 billion from USD 1.7 billion in October of 2020, whilst the primary income gap widened to USD 4.6 billion, compared with USD 3.3 billion a year earlier and the secondary income surplus doubled to USD 0.3 billion.
2021-11-25
Brazil Current Account Gap Larger than Expected
Brazil's current account deficit widened to USD 1.7 billion in September of 2021 from USD 0.35 billion in the same month of the previous year and compared with market expectations of a USD 1.5 billion shortfall. The goods account surplus fell to USD 2.5 billion from USD 4.4 billion as imports (USD 22 billion vs USD 13.9 billion a year ago) increased more than exports (USD 24.5 billion vs USD 18.2 billion). Meanwhile, the service account deficit softened to USD 1.4 billion from USD 1.75 billion, and the primary income gap narrowed to USD 3.07 billion from USD 3.17 billion. At the same time, the secondary income surplus rose slightly to USD 0.27 billion from USD 0.2 billion.
2021-10-22
Brazil Current Account Surplus Larger than Expected
Brazil's current account surplus widened to USD 1.7 billion in August of 2021 from USD 1 billion in the same month of the previous year and compared with market expectations of a USD 1 billion surplus. The goods account surplus went up to USD 5.6 billion from USD 4.9 billion a year ago and the primary income gap decreased to USD 2.6 billion from USD 2.4 billion. At the same time, the services shortfall increased to USD 1.6 billion from USD 1.47 billion in August of 2020.
2021-09-24

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).