Brazil's current account deficit rose sharply to USD 10.9 billion in December of 2022 from USD 7.7 billion in the corresponding month of the previous year and compared with market estimates of a USD 6.45 billion gap. This was the largest current account shortfall since January of 2020, as the primary account gap widened to USD 9.7 billion from USD 7.7 billion in December of 2021; and the services deficit also increased to USD 4.6 billion from USD 3.1 billion. Meanwhile, the goods surplus rose to USD 3.2 billion from USD 2.7 billion and the primary income surplus was little changed at 0.2 billion. The country posted a current account shortfall of USD 55.7 billion in 2022, up from USD 43.4 billion a year ago. source: Banco Central do Brasil
Current Account in Brazil averaged -2163.39 USD Million from 1980 until 2022, reaching an all time high of 3402.50 USD Million in April of 2021 and a record low of -14125.70 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 2023.
Current Account in Brazil is expected to be -6300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Current Account is projected to trend around -10375.00 USD Million in 2024 and -10791.00 USD Million in 2025, according to our econometric models.