Brazil posts wider-than-expected current account deficit in March

Brazil’s current account deficit totaled $6.036 billion in ​March, central bank data showed ‌on Friday, exceeding the $5.489 billion shortfall expected by economists in a Reuters poll.

Foreign ​direct investment (FDI) for the month ​reached $6.037 billion, falling short of ⁠the $7 billion forecast in the poll.

• The ​widening of the current account ​deficit was driven by a $1.6 billion fall in the trade surplus from the same ​month last year, as imports ​grew much faster than exports.
• Also weighing on the ‌monthly ⁠result were larger deficits in the factor payments account, up $1.1 billion from March 2025, and in services, ​which ​increased by $600 ⁠million.
• On a 12-month basis, the current account deficit ​rose to 2.71% of gross ​domestic ⁠product (GDP), from 2.61% in the previous month.
• Over the same period, FDI totaled ⁠3.18% ​of GDP, down ​from 3.24% in February.

Source: Reuters

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