National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Brazil
Growth rate same period previous year, Annual
BRAGDPRAPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
76.76%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in Brazil's gross domestic product (GDP). This provides insights into the overall health and performance of the Brazilian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual growth rate compares a country's GDP in a given year to its GDP in the same period a year earlier. It is a widely used indicator for tracking economic expansion or contraction and can inform policy decisions.
Methodology
The data is calculated by the Brazilian Institute of Geography and Statistics based on official GDP figures.
Historical Context
This metric is closely monitored by economists, investors, and policymakers to gauge Brazil's macroeconomic trends and global competitiveness.
Key Facts
- Brazil is the largest economy in Latin America.
- GDP growth is a key indicator of a country's economic performance.
- Tracking GDP growth year-over-year provides insights into economic trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in Brazil's gross domestic product (GDP), providing insights into the overall health and performance of the Brazilian economy.
Q: Why is this trend relevant for users or analysts?
A: This annual GDP growth rate is a widely used indicator for tracking economic expansion or contraction, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the Brazilian Institute of Geography and Statistics based on official GDP figures.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, investors, and policymakers to gauge Brazil's macroeconomic trends and global competitiveness.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is published with a delay, as it relies on the availability of official GDP figures from the Brazilian government.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (BRAGDPRAPSMEI), retrieved from FRED.