Brazil's current account balance shifted to a USD 2.24 billion surplus in June 2020 from a USD 2.66 billion deficit in the same month of the previous year and compared with market expectations of a USD 3.8 billion surplus. The goods surplus widened to USD 6.90 billion from USD 4.71 billion a year earlier and the services gap narrowed to USD 1.37 billion from USD 3.55 billion. Additionally, the primary income shortfall went down to USD 3.45 billion from USD 3.88 billion; and the secondary income surplus increased to USD 0.16 billion from USD 0.05 billion. Considering the first half of the year, the country’s trade gap fell sharply to USD 9.73 billion from USD 20.99 billion in the corresponding period of 2019.
Current Account in Brazil averaged -1790.64 USD Million from 1980 until 2020, reaching an all time high of 3839.60 USD Million in April of 2020 and a record low of -13344.90 USD Million in January of 2014. This page provides the latest reported value for - Brazil Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Banco Central do Brasil
Current Account in Brazil is expected to be -1500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Brazil to stand at -2600.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around -2800.00 USD Million in 2021 and -2700.00 USD Million in 2022, according to our econometric models.