Brazil's current account surplus narrowed to USD 2.8 billion in June of 2021 from USD 3.1 billion in the same month of the previous year and missed market expectations of a USD 3.5 billion surplus. The goods trade account surplus expanded to USD 7.3 billion, from USD 5.9 billion a year earlier underpinned by a 65.4% percent rise in exports to USD 29.1 billion against a 86.1 percent surge in imports of goods to USD 21.8 billion. Meanwhile, the services gap widened sharply to USD 1.6 billion from USD 1.0 in June of 2020; similarly, the primary account deficit rose to USD 3.1 billion, from USD 2.0 billion. Finally, the secondary income surplus was little changed from the previous year, at USD 0.2 billion. source: Banco Central do Brasil
Current Account in Brazil averaged -1760.90 USD Million from 1980 until 2021, reaching an all time high of 5663 USD Million in April of 2021 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 July of 2021.
Current Account in Brazil is expected to be 1500.00 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 -5000.00 USD Million in 2022 and -4000.00 USD Million in 2023, according to our econometric models.