Current Account in Brazil

Brazil Current Account (USD bn) | Economic News & Forecasts

Brazil - Current Account (billions of U.S. Dollars)

Current account swings to deficit in June

Brazil’s current account balance came in at a deficit of USD 2.9 billion in June, contrasting the USD 160 million surplus recorded in the same month of 2018 and marking the largest deficit since January.

The result reflected a notable deterioration in the trade surplus which fell to USD 4.3 billion in June, from June 2018’s USD 5.8 billion. A sharp contraction in export growth, which plunged 10.4% amid falling soybeans exports and depressed demand from Argentina, was chiefly behind the smaller surplus. Meanwhile, foreign direct investment came in at USD 2.2 billion in June, significantly down from June 2018’s USD 6.9 billion.

Accordingly, the 12-month trailing current account deficit widened from USD 14.0 billion in May to USD 17.1 billion in June. The result is equal to approximately 0.9% of GDP.

Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.0% of GDP in 2019. For 2020, panelists expect the current account deficit to widen to 1.5% of GDP.

Brazil - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-79.8  -101.4  -54.5  -24.0  -7.2  

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Brazil Current Account (USD bn) Chart

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

Brazil Facts

Bond Yield7.25-0.82 %Jul 31
Exchange Rate3.81-0.13 %Jul 31
Stock Market101,812-0.40 %Jul 31

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