Brazil recorded a Current Account deficit of 2.92 percent of the country's Gross Domestic Product in 2022. Current Account to GDP in Brazil averaged -2.10 percent of GDP from 1980 until 2022, reaching an all time high of 1.70 percent of GDP in 2004 and a record low of -8.20 percent of GDP in 1982. source: Banco Central do Brasil
Current Account to GDP in Brazil is expected to reach -1.89 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Current Account to GDP is projected to trend around -1.98 percent of GDP in 2025 and -2.00 percent of GDP in 2026, according to our econometric models.