Brazil's current account deficit rose to USD 5.4 billion in December of 2020 from USD 4.7 billion in the same month last year and compared with market expectations of a USD 5.7 billion gap. The goods account shifted to a deficit of 1 billion compared to a surplus of USD 5.1 billion in December of 2019 while the services shortfall shrank to USD 1.6 billion from USD 3.5 billion. At the same time, the primary income deficit declined to USD 3.1 billion from USD 6.1 billion while the secondary account reversed to a surplus USD 0.2 billion compared to a deficit of USD 0.1 billion in the same period of 2019. Considering the full year of 2020, the current account deficit fell sharply to USD 12.5 billion, the lowest since 2017, from USD 50.7 billion in 2019. source: Banco Central do Brasil

Current Account in Brazil averaged -1777.28 USD Million from 1980 until 2020, reaching an all time high of 3041 USD Million in June 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 February of 2021.

Current Account in Brazil is expected to be 2500.00 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 850.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around 500.00 USD Million in 2022, according to our econometric models.

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Brazil Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-5400.00 202.40 3041.00 -13344.90 1980 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-23 12:30 PM Sep $2.3B $3.54B $3B $3.5B
2020-11-25 12:30 PM Oct $1.47B $2.26B $1.3B $2B
2020-12-18 12:30 PM Nov $0.2B $1.47B $1B $1.3B
2021-01-27 12:30 PM Dec $-5.4B $0.2B $-5.7B $-5.3B
2021-02-24 12:30 PM Jan $-5.4B $-7.5B $-7.5B
2021-03-26 12:30 PM Feb
2021-04-26 12:30 PM Mar
2021-05-26 12:30 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Brazil Current Account Gap Smaller than Forecast
Brazil's current account deficit rose to USD 5.4 billion in December of 2020 from USD 4.7 billion in the same month last year and compared with market expectations of a USD 5.7 billion gap. The goods account shifted to a deficit of 1 billion compared to a surplus of USD 5.1 billion in December of 2019 while the services shortfall shrank to USD 1.6 billion from USD 3.5 billion. At the same time, the primary income deficit declined to USD 3.1 billion from USD 6.1 billion while the secondary account reversed to a surplus USD 0.2 billion compared to a deficit of USD 0.1 billion in the same period of 2019. Considering the full year of 2020, the current account deficit fell sharply to USD 12.5 billion, the lowest since 2017, from USD 50.7 billion in 2019.
2021-01-27
Brazil Current Account Surplus Smaller than Forecast
Brazil posted a current account surplus of USD 0.2 billion in November 2020, compared with a deficit of USD 3.1 billion in the same month last year and below market expectations of a USD 1.0 billion surplus. The goods surplus was unchanged at USD 2.9 billion, while the services deficit narrowed to USD 1.8 billion from USD 2.3 billion a year earlier and the primary income gap dropped to USD 1.0 billion from USD 3.9 billion. The secondary income surplus declined slightly to USD 0.1 billion from USD 0.2 billion. Considering January to November, the current account deficit fell sharply to USD 7.5 billion, from USD 46.0 billion in the same period of 2019.
2020-12-18
Brazil Current Account Balance Swings to Surplus in October
Brazil's current account balance shifted to a USD 1.47 billion surplus in October 2020 from a USD 8.05 billion deficit in the same month of the previous year and above market expectations of a USD 1.3 billion surplus. The goods surplus widened sharply to USD 4.81 billion from USD 1.80 billion a year earlier and the services shortfall narrowed to USD 1.64 billion from USD 3.65 billion. Additionally, the primary income gap decreased to USD 1.86 billion from USD 6.33 billion in October 2019 and the secondary income surplus rose to USD 0.15 billion from USD 0.13 billion. Considering the first ten months the year, the country’s current account deficit declined sharply to USD 7.59 billion from USD 42.94 billion in the corresponding period of 2019.
2020-11-25
Brazil Current Account Balance Swings to Surplus in September
Brazil's current account balance shifted to a USD 2.32 billion surplus in September 2020 from a USD 2.73 billion deficit in the corresponding month of the previous year but below market expectations of a USD 3.0 billion surplus. The goods surplus widened sharply to USD 5.36 billion from USD 3.23 billion a year earlier and the services shortfall narrowed to USD 1.62 billion from USD 2.51 billion. In addition, the primary income gap declined to USD 1.63 billion from USD 3.73 billion in September 2019. Meanwhile, the secondary income surplus fell to USD 0.21 billion from USD 0.28 billion. Considering the first nine months the year, the country’s current account deficit dropped sharply to USD 6.48 billion from USD 36.75 billion in the same period of 2019.
2020-10-23

Brazil Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).