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
Brazil Current Account Data
|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|