Brazil's 12-month current account gap shrinks to two-year low
Brazil's 12-month current account deficit fell to 2.33% of GDP on a stronger trade surplus, according to central bank data cited by Reuters.
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what happened
Brazil's central bank reported on Monday that the current account deficit over the 12 months to September narrowed to 2.33% of GDP, the lowest level in two years. Reuters reported that a stronger trade surplus was the main factor behind the improvement.
The deficit for September alone came in at $5.1 billion, compared with the $5.0 billion shortfall expected by economists in a Reuters poll. Foreign direct investment reached $11.3 billion, well above the $6.5 billion forecast. Over the 12 months, FDI rose to 3.43% of GDP from 3.39% the month before.
why it matters
Brazil is a net oil exporter, so higher oil prices strengthen its trade balance and reduce its reliance on foreign capital. A steady flow of direct investment that more than covers the external gap matters for the real and for investor sentiment toward Brazilian assets.
market impact
Real and Brazilian assets: a healthier external balance supports the currency
tags
instruments
sources
- Brazil's 12-month current account deficit narrows to two-year low — Reuters, 26 October 2026 at 12:01 UTC
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