Current Account in Brazil
Brazil - Current Account
Current account deficit broadly stable in April
Brazil’s current account balance came in at a deficit of USD 62 million in April, largely unchanged compared to the USD 61 million shortfall recorded in the same month of 2018.
The result reflected a broadly unchanged trade surplus of USD 5.4 billion (April 2018: USD 5.5 billion). Both exports and imports contracted on an annual basis in April, reflecting the sour economic backdrop in Brazil. Meanwhile, the services account deficit increased slightly. Foreign direct investment came in at USD 7.0 billion in April, above April 2018’s USD 3.0 billion.
The 12-month trailing current account deficit was unchanged at USD 13.7 billion in April, matching March’s result and equal to approximately 0.7% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.2% of GDP in 2019. For 2020, panelists expect the current account deficit to widen to 1.6% of GDP.
Brazil - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -3.0 | -4.2 | -3.3 | -1.3 | -0.5 |
Brazil Current Account Chart
Source: Central Bank of Brazil and FocusEconomics calculations.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.88 | -0.82 % | Jun 13 |
| Exchange Rate | 3.85 | -0.13 % | Jun 13 |
| Stock Market | 98,774 | -0.40 % | Jun 13 |
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Economic News
Brazil: Retail sales growth contracts in April
June 12, 2019
Retail sales (excluding cars and construction) fell 0.6% from the previous month in seasonally-adjusted terms in April, contrasting March’s 0.1% increase.
Brazil: Inflation eases from two-year high in May
June 7, 2019
Consumer prices rose 0.13% in May over the previous month, a softer gain than April’s 0.57% increase and undershooting expectations of a larger 0.20% rise.
Brazil: Industrial production rebounds modestly in April
June 4, 2019
Industrial production rose a soft 0.3% month-on-month in seasonally-adjusted terms in April, contrasting March’s revised 1.4% drop (previously reported: -1.3% mom) and undershooting market expectations.
Brazil: Manufacturing PMI drops to nearly one-year low in May
June 3, 2019
Conditions in Brazil’s manufacturing sector appear to have deteriorated further in May.
Brazil: GDP contracts in Q1 for the first time since 2016
May 30, 2019
National accounts revealed that Brazil’s economic recovery stalled at the start of 2019, with GDP contracting in sequential terms for the first time since the 2015-2016 recession.
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