General Government Revenue for Brazil
BRAGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.69
Year-over-Year Change
-11.57%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'General Government Revenue for Brazil' series measures the total revenue collected by the Brazilian government, including tax receipts, social contributions, and other sources of income. This metric is crucial for economists and policymakers to understand the government's fiscal position and its ability to fund public services and programs.
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 data series represents the total revenue received by the Brazilian government from various sources, including taxes, social security contributions, grants, and other income. It is an important indicator of the government's overall fiscal health and its capacity to finance public expenditures, such as infrastructure, social welfare, and public sector wages.
Methodology
The data is collected and reported by the Brazilian Institute of Geography and Statistics (IBGE).
Historical Context
Analysts and policymakers use this metric to assess the government's ability to generate revenue, plan budgets, and manage fiscal policy.
Key Facts
- General government revenue accounts for approximately 35% of Brazil's GDP.
- Tax revenue makes up the largest share of total government revenue in Brazil.
- Brazil's government revenue has remained relatively stable as a percentage of GDP over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'General Government Revenue for Brazil' series measures the total revenue collected by the Brazilian government, including tax receipts, social contributions, and other sources of income.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to understand the government's fiscal position and its ability to fund public services and programs.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Brazilian Institute of Geography and Statistics (IBGE).
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the government's ability to generate revenue, plan budgets, and manage fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in the release of the latest figures.
Related Trends
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Citation
U.S. Federal Reserve, General Government Revenue for Brazil (BRAGGRGDP), retrieved from FRED.