Current Account in Brazil

Brazil Current Account | Economic News & Forecasts

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  

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Brazil Current Account Chart


Brazil Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Brazil and FocusEconomics calculations.

Brazil Facts

ValueChangeDate
Bond Yield7.88-0.82 %Jun 13
Exchange Rate3.85-0.13 %Jun 13
Stock Market98,774-0.40 %Jun 13

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