Current Account in Brazil

Brazil Current Account | Economic News & Forecasts

Brazil - Current Account

Current account surplus narrows in June

Brazil’s current account balance came in at a surplus of USD 435 million in June, below the USD 1.3 billion surplus registered in the same month last year.

The narrower current account surplus was primarily due to a lower trade balance, which came in at USD 5.9 billion in June (June 2017: USD 7.2 billion). Soaring import growth was chiefly behind the lower trade balance, after a truckers’ strike had disrupted economic activity in May. Foreign direct investment came in at USD 6.5 billion in June, above June 2017’s USD 4.0 billion.

The 12-month accumulative current account deficit widened in June to USD 13.9 billion from May’s USD 13.0 billion deficit. June’s result represented approximately 0.7% of GDP.

Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.0% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.6% of GDP.

Brazil - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.0  -4.2  -3.3  -1.3  -0.5  

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Brazil Current Account Chart

Brazil Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Brazil and Met the why particular calculations.

Brazil Facts

Bond Yield11.54-0.82 %Aug 15
Exchange Rate3.91-0.13 %Aug 15
Stock Market77,078-0.11 %Aug 15

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