Brazil Current Account December 2017

Brazil

Brazil: Current account deficit narrows notably in 2017

January 26, 2018

Brazil’s current account balance came in at a deficit of USD 4.3 billion in December, which was a lesser gap than the USD 5.9 billion deficit recorded in December 2016.

The trade surplus came in at USD 5.0 billion in December, which was above December 2016’s USD 4.4 billion. Exports soared 9.4% over the same month of the previous year, while reviving domestic demand cause imports to grow a buoyant 8.5% annually. Foreign direct investment came in at USD 5.4 billion.

For the year 2017, the current account deficit came in at USD 9.8 billion, notably below 2016’s USD 23.5 billion. The result marked a deficit of approximately 0.5% of GDP.

Analysts who participated in this month’s LatinFocus Consensus Forecast panel expect a current account deficit of 1.3% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.7% of GDP.


Author: Angela Bouzanis, Lead Economist

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Brazil Current Account Chart


Brazil Current Account December 2017 0

Note: Monthly and 12-month current account balance in USD billion.
Source: Central Bank of Brazil (BCB) and FocusEconomics calculations.


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