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. source: Banco Central do Brasil
Current Account in Brazil averaged -1773.92 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 November of 2020.
Current Account in Brazil is expected to be 3800.00 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 1500.00 in 12 months time. In the long-term, the Brazil Current Account is projected to trend around 850.00 USD Million in 2021 and 500.00 USD Million in 2022, according to our econometric models.