Current Account in Brazil

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

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

Current account deficit widens in January

Brazil’s current account balance came in at a deficit of USD 6.5 billion in January, a slightly higher shortfall than the USD 6.3 billion deficit recorded in the same month of 2018.

The deterioration was due chiefly to a lower trade surplus, which came in at USD 2.2 billion in January (January 2018: USD 2.8 billion). Meanwhile, foreign direct investment fell to USD 5.9 billion in January, below the USD 8.4 billion recorded in the same month of the previous year.

The 12-month trailing current account deficit hit USD 14.8 billion in January, larger than December’s USD 14.5 billion shortfall. January’s result is equal to approximately 0.8% of GDP.

Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.3% of GDP in 2019. For 2020, panelists expect the current account deficit to widen to 1.6% of GDP.

Brazil - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-74.8  -104.2  -59.4  -23.5  -9.8  

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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 Yield8.72-0.82 %Mar 20
Exchange Rate3.78-0.13 %Mar 20
Stock Market98,041-0.40 %Mar 20

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