Brazil's current account deficit narrowed to $8.4 billion in January 2026, down from $9.8 billion in January 2025, though it fell short of the forecasted $6.6 billion deficit. The goods trade surplus expanded to $3.5 billion, up from $1.4 billion a year earlier. The services account deficit declined 12.8% to $4.0 billion, while the primary income deficit widened 18.7% to $8.3 billion, compared to $7.0 billion in January 2025. On a rolling twelve-month basis, the current account deficit narrowed to $67.6 billion (2.92% of GDP) as of January 2026, improving from $69.0 billion (3.03% of GDP) the previous month. For full-year 2025, Brazil’s current account deficit reached $68.8 billion, equivalent to 3.02% of GDP, slightly wider in nominal terms than the $66.2 billion deficit (3.03% of GDP) recorded in 2024. source: Banco Central do Brasil

Brazil recorded a Current Account deficit of 8360 USD Million in January of 2026. Current Account in Brazil averaged -2311.43 USD Million from 1980 until 2026, reaching an all time high of 3403.00 USD Million in April of 2021 and a record low of -14126.00 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 March of 2026.

Brazil recorded a Current Account deficit of 8360 USD Million in January of 2026. Current Account in Brazil is expected to be -7000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Current Account is projected to trend around -5800.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-26 11:30 AM
Current Account
Dec $-3.36B $-4.94B $-5.3B $ -3.5B
2026-02-24 11:30 AM
Current Account
Jan $-8.36B $-3.36B $-6.6B $ -5.1B
2026-03-26 11:30 AM
Current Account
Feb $-8.36B


Related Last Previous Unit Reference
Balance of Trade 4210.00 3820.00 USD Million Feb 2026
Capital Flows -8247.90 -2254.80 USD Million Jan 2026
Current Account -8360.00 -3360.00 USD Million Jan 2026
Current Account to GDP -3.02 -3.03 percent of GDP Dec 2025
Exports 26306.00 25153.20 USD Million Feb 2026
External Debt 804218.45 766905.40 USD Million Sep 2025
Foreign Direct Investment 8170.00 -5250.00 USD Million Jan 2026
Imports 22098.10 20800.20 USD Million Feb 2026
Remittances 353.90 437.20 USD Million Jan 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
-8360.00 -3360.00 3403.00 -14126.00 1980 - 2026 USD Million Monthly

News Stream
Brazil's Current Account Deficit Narrows in January
Brazil's current account deficit narrowed to $8.4 billion in January 2026, down from $9.8 billion in January 2025, though it fell short of the forecasted $6.6 billion deficit. The goods trade surplus expanded to $3.5 billion, up from $1.4 billion a year earlier. The services account deficit declined 12.8% to $4.0 billion, while the primary income deficit widened 18.7% to $8.3 billion, compared to $7.0 billion in January 2025. On a rolling twelve-month basis, the current account deficit narrowed to $67.6 billion (2.92% of GDP) as of January 2026, improving from $69.0 billion (3.03% of GDP) the previous month. For full-year 2025, Brazil’s current account deficit reached $68.8 billion, equivalent to 3.02% of GDP, slightly wider in nominal terms than the $66.2 billion deficit (3.03% of GDP) recorded in 2024.
2026-02-24
Brazil Current Account Deficit Narrows Sharply in December
Brazil’s current account deficit narrowed sharply to $3.4 billion in December 2025, from a $10.2 billion shortfall a year earlier and well below market expectations of a $5.3 billion deficit. The improvement was driven by a stronger goods trade balance, which posted an $8.8 billion surplus, up from $4.1 billion in December 2024. Goods exports rose 24.3% year-on-year to $31.2 billion, while imports increased 6.7% to $22.4 billion. The services account deficit declined 23.2% to $3.8 billion, compared with $5.0 billion a year earlier. The primary income deficit narrowed 8.4% to $9.2 billion, while the secondary income account recorded a larger surplus, rising by $176 million year-on-year. For full-year 2025, Brazil’s current account deficit reached $68.8 billion, equivalent to 3.02% of GDP, slightly wider in nominal terms than the $66.2 billion deficit (3.03% of GDP) recorded in 2024.
2026-01-26
Brazil Current Account Deficit Widens in November
Brazil’s current account deficit widened to USD 4.9 billion in November 2025, from USD 4.4 billion a year earlier, in line with market expectations. The goods trade surplus narrowed to USD 5.1 billion from USD 6.0 billion, as exports rose 2.3% to USD 28.7 billion while imports increased faster, up 7.1% to USD 23.6 billion. The services deficit declined 11.8% to USD 4.5 billion. Meanwhile, the primary income deficit widened 6.4% to USD 6.2 billion, while secondary income increased by USD 176 million. Over the twelve months to November, the current account deficit reached USD 77.7 billion, equivalent to 3.47% of GDP, up from USD 77.2 billion (3.49%) in October and above the USD 61.5 billion (2.78%) recorded a year earlier.
2025-12-19