In January 2025, Brazil’s current account deficit widened to $8.7 billion, significantly higher than the $8.3 billion forecast and the previous year’s $4.4 billion gap. The goods surplus fell to $1.2 billion, and the services deficit rose to $4.6 billion.
Brazil has reported a significant current account deficit of $8.7 billion for January 2025. This figure represents an increase from the $4.4 billion deficit recorded during the same month a year prior and surpasses the expected deficit of $8.3 billion. The decline in the goods surplus, which dropped to $1.2 billion from $5.6 billion year-on-year, coupled with an increased services deficit of $4.6 billion compared to $3.5 billion, contributed to this widening gap.
In summary, Brazil’s current account deficit has escalated beyond expectations, largely due to a sharp reduction in the goods surplus and an increase in the services deficit. Prompt attention to these economic indicators may be necessary to address the country’s financial stability.
Original Source: www.tradingview.com
