Current Account in Brazil
Brazil - Current Account
Current account deficit widens in August
Brazil’s current account balance came in at a deficit of USD 717 million in August, a deterioration from the USD 320 million shortfall recorded in the same month last year. August’s result marked the second consecutive monthly shortfall.
The wider current account deficit was primarily due to a lower trade surplus, which came in at USD 3.8 billion in August (August 2017: USD 5.6 billion). Soaring import growth was chiefly behind the weaker trade surplus due to record high imports of oil platforms under the special customs program Repetro. Meanwhile, foreign direct investment came in at USD 11.6 billion in August, over double the result recorded in August 2017.
As a result, the 12-month accumulative current account deficit widened in August to USD 15.5 billion from July’s USD 15.1 billion deficit. August’s result represented approximately 0.8% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 0.9% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.5% of GDP.
Brazil - Current Account Data
|Current Account (% of GDP)||-3.0||-4.2||-3.3||-1.3||-0.5|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Current Account Chart
Source: Central Bank of Brazil and Met the why particular calculations.
|Bond Yield||11.34||-0.82 %||Oct 16|
|Exchange Rate||3.73||-0.13 %||Oct 16|
|Stock Market||85,718||-0.11 %||Oct 16|
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October 9, 2018
Right-wing congressmen and former army captain, Jair Bolsonaro, won a larger than expected victory in the 7 October presidential elections, although failed to capture Brazil’s top job in the first round.
October 5, 2018
Consumer prices rose 0.48% in September over the previous month, contrasting August’s 0.09% fall.
October 3, 2018
In July, economic activity increased 0.6% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
October 2, 2018
Industrial production contracted for a second month in a row in August.
October 2, 2018
Conditions in Brazil’s manufacturing sector deteriorated in September.