Remittance Inflows to GDP for Brazil
DDOI11BRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
14.62%
Date Range
1/1/1975 - 1/1/2020
Summary
The 'Remittance Inflows to GDP for Brazil' series measures the proportion of Brazil's gross domestic product (GDP) that comes from money sent home by Brazilians living abroad. This metric is important for understanding the impact of overseas workers on 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
Remittance inflows represent the total value of monetary transfers sent from workers living outside their home country back to family or friends in Brazil. This metric provides insight into the economic and social ties between expatriate Brazilians and their home country.
Methodology
The data is collected by the World Bank based on balance of payments statistics reported by the Brazilian government.
Historical Context
Policymakers and economists use this data to assess the role of remittances in Brazil's economy and their potential impact on domestic consumption, investment, and foreign exchange.
Key Facts
- Remittances to Brazil totaled over $3 billion in 2021.
- Remittance inflows account for around 0.3% of Brazil's GDP.
- The United States is the largest source of remittance inflows to Brazil.
FAQs
Q: What does this economic trend measure?
A: The 'Remittance Inflows to GDP for Brazil' series measures the proportion of Brazil's gross domestic product (GDP) that comes from money sent home by Brazilians living abroad.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic and social ties between expatriate Brazilians and their home country, and can inform policymakers and economists about the role of remittances in Brazil's economy.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank based on balance of payments statistics reported by the Brazilian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the impact of remittances on Brazil's domestic consumption, investment, and foreign exchange.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological changes of the World Bank and Brazilian government.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Brazil (DDOI11BRA156NWDB), retrieved from FRED.