Current Account in Brazil
Brazil - Current Account (billions of U.S. Dollars)
Current account deficit widens in January
Brazil’s current account balance came in at a deficit of USD 6.5 billion in January, a slightly higher shortfall than the USD 6.3 billion deficit recorded in the same month of 2018.
The deterioration was due chiefly to a lower trade surplus, which came in at USD 2.2 billion in January (January 2018: USD 2.8 billion). Meanwhile, foreign direct investment fell to USD 5.9 billion in January, below the USD 8.4 billion recorded in the same month of the previous year.
The 12-month trailing current account deficit hit USD 14.8 billion in January, larger than December’s USD 14.5 billion shortfall. January’s result is equal to approximately 0.8% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.3% of GDP in 2019. For 2020, panelists expect the current account deficit to widen to 1.6% of GDP.
Brazil - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-74.8||-114.2||-59.4||-23.5||-9.8|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Current Account (USD bn) Chart
Source: Central Bank of Brazil and Met the why particular calculations.
|Bond Yield||8.90||-0.82 %||Mar 11|
|Exchange Rate||3.84||-0.13 %||Mar 11|
|Stock Market||98,027||-0.11 %||Mar 11|
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March 15, 2019
Retail sales (excluding cars and construction) increased 0.4% from the previous month in seasonally-adjusted terms in January, notably contrasting December’s revised 2.1% contraction (previously reported: +2.2% month-on-month).
March 13, 2019
Industrial production contracted in January, falling 0.8% month-on-month in seasonally-adjusted terms.
March 12, 2019
Taking aim at the government’s strained finances, newly-elected President Jair Bolsonaro presented Congress with a comprehensive social-security reform bill on 20 February.
March 1, 2019
Business sentiment in Brazil improved in February, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 99.0 points from 98.2 points in January.
March 1, 2019
Conditions in Brazil’s manufacturing sector became more favorable in February.