Current Account in Brazil
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
|Current Account Balance (USD bn)||-79.8||-101.4||-54.5||-24.0||-7.2|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Current Account (USD bn) Chart
Source: Central Bank of Brazil and FocusEconomics calculations.
|Bond Yield||7.25||-0.82 %||Jul 31|
|Exchange Rate||3.81||-0.13 %||Jul 31|
|Stock Market||101,812||-0.40 %||Jul 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 15, 2019
In June, economic activity increased 0.3% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
August 9, 2019
Retail sales (excluding cars and construction) rose 0.1% from the previous month in seasonally-adjusted terms in June, which followed May’s revised zero growth (previously reported: -0.1% month-on-month).
August 8, 2019
Consumer prices rose 0.19% in July over the previous month, which was above June’s 0.01% increase but below market expectations.
August 1, 2019
Conditions in Brazil’s manufacturing sector appear to have deteriorated at the start of Q3.
August 1, 2019
Industrial production fell 0.6% month-on-month in seasonally-adjusted terms in June, which followed May’s revised 0.1% fall (previously reported: -0.2% month-on-month).