National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Brazil
Growth rate previous period, Annual
NAEXKP03BRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-16.67%
Date Range
1/1/1997 - 1/1/2024
Summary
The Growth rate previous period, Annual measures the year-over-year change in real GDP for Brazil. This key indicator provides insights into the overall health and trajectory 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 series represents the annual growth rate of real gross domestic product (GDP) in Brazil, adjusting for inflation. It is a widely-used metric for assessing the economic performance and growth trends of the Brazilian economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and analysts closely monitor this indicator to inform economic and fiscal decision-making.
Key Facts
- Brazil is the largest economy in Latin America.
- Real GDP growth in Brazil averaged 1.8% annually from 2010-2019.
- The COVID-19 pandemic caused Brazil's GDP to contract by 4.1% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual measures the year-over-year change in real gross domestic product (GDP) for Brazil, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the overall health and trajectory of the Brazilian economy, which is the largest in Latin America. It informs policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this GDP growth indicator to inform economic and fiscal decision-making in Brazil and globally.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP03BRA657S), retrieved from FRED.