Current Account in Brazil

Brazil Current Account (USD bn) | Economic News & Forecasts

Brazil - Current Account (billions of U.S. Dollars)

Current account deficit narrows in March

Brazil’s current account balance came in at a deficit of USD 494 million in March, a smaller shortfall than the USD 666 million deficit recorded in the same month of 2018.

The improvement was primarily due to a lower services bill which fell by over 25% from the same month last year. Meanwhile, the trade surplus actually deteriorated, dropping from USD 6.0 billion in March 2018 to USD 4.5 billion in March of this year. Contracting exports due to depressed demand from Argentina and iron ore production halts following the Vale dam disaster drove the decline. Meanwhile, foreign direct investment came in at USD 6.8 billion in March, below March 2018’s USD 7.8 billion.

The 12-month trailing current account deficit hit USD 13.7 billion in March, a smaller shortfall than February’s USD 13.9 billion deficit. March’s result is equal to approximately 0.7% 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 1.7% of GDP.

Brazil - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-74.8  -114.2  -59.4  -23.5  -9.8  

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Brazil Current Account (USD bn) Chart


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

Brazil Facts

ValueChangeDate
Bond Yield8.90-0.82 %May 13
Exchange Rate3.99-0.13 %May 13
Stock Market91,727-0.11 %May 13

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