Nominal Final Consumption Expenditure for Brazil
NCSAXDCBRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,485,871.30
Year-over-Year Change
30.40%
Date Range
1/1/1996 - 10/1/2024
Summary
The Nominal Final Consumption Expenditure for Brazil is a key indicator that measures the total value of goods and services purchased by Brazilian households and nonprofit institutions. It provides insights into the strength of domestic consumer demand, a vital component of economic growth.
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 metric represents the total amount spent on final consumption by Brazilian residents, including both household expenditures and those of non-profit institutions serving households. It is a crucial macroeconomic indicator used by economists and policymakers to assess the health and trajectory of the Brazilian economy.
Methodology
The data is collected and calculated by Brazil's national statistical agency, the Brazilian Institute of Geography and Statistics (IBGE).
Historical Context
Policymakers and analysts closely monitor this indicator to gauge consumer confidence and inform economic policy decisions.
Key Facts
- Brazil is the largest economy in Latin America.
- Household consumption accounts for over 60% of Brazil's GDP.
- Consumer spending declined during the COVID-19 pandemic but has been rebounding.
FAQs
Q: What does this economic trend measure?
A: The Nominal Final Consumption Expenditure for Brazil measures the total value of goods and services purchased by Brazilian households and non-profit institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of domestic consumer demand, which is a crucial component of economic growth and a key indicator of the overall health of the Brazilian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Brazil's national statistical agency, the Brazilian Institute of Geography and Statistics (IBGE).
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to gauge consumer confidence and inform economic policy decisions in Brazil.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and data collection practices of the IBGE, Brazil's national statistical agency.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for Brazil (NCSAXDCBRQ), retrieved from FRED.