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 December of 2021.

Current Account to GDP in Brazil is expected to reach -0.50 percent of GDP 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 -1.00 percent of GDP in 2022 and -1.50 percent of GDP in 2023, according to our econometric models.

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Brazil Current Account to GDP


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
Capital Flows -2200.17 -1729.50 USD Million Oct/21
Foreign Direct Investment 2492.71 4599.90 USD Million Oct/21
Remittances 339.77 320.42 USD Million Oct/21
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.