Brazil's current account deficit widened slightly to USD 0.062 billion in April 2019 from USD 0.061 billion in the same month of the previous year and compared with market expectations of a USD 0.085 billion surplus. The services shortfall increased to USD 3.019 billion from USD 2.699 billion a year earlier. On the other hand, the goods surplus rose to USD 5.539 billion from USD 5.394 billion; the primary income gap narrowed to USD 2.854 billion from USD 3.002 billion and the secondary income surplus advanced to USD 0.272 billion from USD 0.245 billion in April 2018. Current Account in Brazil averaged -1661.30 USD Million from 1980 until 2019, reaching an all time high of 3104.70 USD Million in May of 2017 and a record low of -13345 USD Million in January of 2014.
Current Account in Brazil is expected to be 550.00 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 -1200.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around -2800.00 USD Million in 2020, according to our econometric models.