The city on the beach in Brazil

Current Account in Brazil

Brazil Current Account

Current account swings to deficit in June

Brazil’s current account recorded a USD 0.8 billion shortfall in June, swinging from the USD 0.3 billion surplus posted in the same month last year and the same-sized surplus in May 2023.

In June, the goods trade balance recorded a larger surplus than in the same month last year, while the services account deficit narrowed by 16.8% year on year. Meanwhile, net foreign investment was positive in June but lower than in the same month last year, totaling USD 1.9 billion in inflows (June 2022: USD +5.2 billion).

Meanwhile, the 12-month sum of the current account balance narrowed to a USD 50.0 billion shortfall in June from the USD 52.6 billion shortfall recorded in June 2022. This was equivalent to approximately 2.5% of GDP (June 2022: approximately 2.9% of GDP).

Brazil Current Account Chart

This chart displays Current Account (% of GDP) for Brazil from 2013 to 2022.

Brazil Current Account Data

2018 2019 2020 2021 2022
Current Account Balance (% of GDP) -2.9 -3.6 -1.9 -2.8 -2.8
Current Account Balance (USD bn) -54.8 -68.0 -28.2 -46.4 -53.6

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