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.