Brazil's current account deficit narrowed to USD 4 billion in March of 2021 from USD 4.3 billion in the same month of the previous year and below market expectations of a USD 2.5 billion gap. The services deficit shrank to USD 1.1 billion, from USD 1.7 billion a year earlier, while the goods account switched to a USD 0.4 billion deficit from a USD 2.1 billion surplus in March of 2020, due to a 53.6 percent surge in imports while exports rose a slower 33.7 percent. Meantime, the primary income deficit narrowed to USD 3.0 billion from USD 4.9 billion and the secondary income surplus increased to USD 0.5 billion from 0.2 billion in the same period of 2020. source: Banco Central do Brasil

Current Account in Brazil averaged -1793.33 USD Million from 1980 until 2021, reaching an all time high of 3053 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 April of 2021.

Current Account in Brazil is expected to be 1950.00 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 -1200.00 in 12 months time. 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.

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Brazil Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-3970.00 -3201.00 3053.00 -13344.90 1980 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 12:30 PM Dec $-5.4B $0.2B $-5.7B $-5.3B
2021-02-24 12:30 PM Jan $-7.25B $-5.4B $-7.75B $-7.5B
2021-03-26 12:30 PM Feb $-2.3B $-7.25B $-2.4B $-2.65B
2021-04-26 12:30 PM Mar $-4B $-3.2B $-2.5B $-2B
2021-05-26 12:30 PM Apr $-4B
2021-06-25 12:30 PM May
2021-07-27 12:30 PM Jun
2021-08-25 12:30 PM Jul


News Stream
Brazil Current Account Gap Wider than Forecast
Brazil's current account deficit narrowed to USD 4 billion in March of 2021 from USD 4.3 billion in the same month of the previous year and below market expectations of a USD 2.5 billion gap. The services deficit shrank to USD 1.1 billion, from USD 1.7 billion a year earlier, while the goods account switched to a USD 0.4 billion deficit from a USD 2.1 billion surplus in March of 2020, due to a 53.6 percent surge in imports while exports rose a slower 33.7 percent. Meantime, the primary income deficit narrowed to USD 3.0 billion from USD 4.9 billion and the secondary income surplus increased to USD 0.5 billion from 0.2 billion in the same period of 2020.
2021-04-26
Brazil Current Account Gap Narrows in February
Brazil's current account deficit narrowed to USD 2.3 billion in February of 2021 from USD 4.7 billion in the same month of the previous year and below market expectations of a USD 2.4 billion gap. The services deficit shrank to USD 1.4 billion, from USD 2.3 billion a year earlier, while the goods surplus narrowed to USD 0.4 billion from USD 1.8 billion in January of 2020, due to a 14.5 percent jump in imports while exports rose 4.3 percent. Meantime, the primary income deficit went down to USD 1.7 billion from USD 4.3 billion and the secondary income surplus rose to USD 0.3 billion from 0.2 billion in the same period of 2020.
2021-03-26
Brazil Current Account Gap Narrows in January
Brazil's current account deficit fell to USD 7.3 billion in January of 2021 from USD 10.3 billion in the same month of the previous year and below market expectations of a USD 7.75 billion shortfall. The goods deficit narrowed to USD 1.9 billion from USD 2.5 billion in January of 2020, with exports rising 2.8 percent and imports falling 1 percent; and the services gap declined to USD 1 billion from USD 2.4 billion. Meantime, the primary income deficit went down to USD 4.7 billion from USD 5.6 billion and the secondary income surplus rose to USD 0.3 billion from 0.1 billion in the same period of 2020.
2021-02-24
Brazil Current Account Gap Smaller than Forecast
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.
2021-01-27

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).