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.

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Brazil Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-21 12:30 PM Nov $-0.06B $-5.056B $-2.1B $-6.1B
2023-01-26 12:30 PM Dec $-10.878B $-0.06B $-6.45B $ -6.1B
2023-02-24 12:30 PM Jan $-10.878B $ -10.5B


Related Last Previous Unit Reference
Balance of Trade 2717.00 4800.00 USD Million Jan 2023
Current Account -10877.50 -625.00 USD Million Dec 2022
Current Account to GDP -1.80 -1.70 percent of GDP Dec 2021
Imports 20420.30 21865.80 USD Million Jan 2023
Exports 23136.80 26645.30 USD Million Jan 2023
External Debt 676311.79 663260.35 USD Million Dec 2022
Capital Flows -10730.50 -144.40 USD Million Dec 2022
Foreign Direct Investment 5570.01 8337.63 USD Million Dec 2022
Remittances 372.63 390.03 USD Million Dec 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-10877.50 -625.00 3402.50 -14125.70 1980 - 2022 USD Million Monthly

News Stream
Brazil Current Account Gap Larger than Expected
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.
2023-01-26
Brazil Current Account Gap Smaller Than Expected
Brazil's current account deficit narrowed sharply to USD 0.1 billion in November of 2022 from USD 8.5 billion in the corresponding month of the previous year and compared with market estimates of a USD 2.1 billion gap. This was the smallest monthly current account shortfall since a surplus of USD 0.3 billion was registered in June this year, as the goods account shifted to a strong surplus of USD 5.1 billion from a deficit of USD 2.3 billion a year ago. At the same time, the services gap shrank to USD 2.6 billion from USD 2.8 billion; and the primary income shortfall fell to USD 3 billion from USD 3.6 billion. The secondary income surplus rose slightly to USD 0.3 billion from USD 0.2 billion in November of 2021.
2022-12-21
Brazil Current Account Deficit Smaller than Expected
Brazil's current account gap shrank to USD 4.6 billion in October of 2022 from USD 6 billion in the corresponding month of the previous year and compared with market estimates of a USD 4.9 billion deficit. This was the smallest monthly current account shortfall since a surplus was recorded in June. The goods surplus rose to USD 2.6 billion from USD 1.4 billion in October of 2021 and the primary income gap narrowed to USD 4.1 billion from USD 5.2 billion. Meanwhile, the services deficit rose to USD 3.4 billion from USD 2.5 billion while the secondary income surplus was barely unchanged at USD 0.3 billion.
2022-11-25