Real GDP at Constant National Prices for Brazil
RGDPNABRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,042,119.00
Year-over-Year Change
19.93%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Brazil' tracks the total economic output of Brazil, adjusted for inflation, and is a key indicator of the country's economic performance.
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 measures the gross domestic product (GDP) of Brazil in real, inflation-adjusted terms, which allows for more accurate comparisons over time. It is a widely-used metric for evaluating the overall health and growth trajectory of the Brazilian economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on national accounts information from Brazil.
Historical Context
Policymakers and analysts monitor this trend to assess macroeconomic conditions and guide economic and fiscal policies in Brazil.
Key Facts
- Brazil is the largest economy in Latin America.
- Real GDP growth in Brazil averaged 1.3% from 2010-2020.
- The Brazilian economy contracted by 4.1% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced within Brazil, adjusted for inflation, providing a comprehensive gauge of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator for evaluating the overall health and performance of the Brazilian economy, and is widely used by policymakers, investors, and economists to inform economic and financial decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on national accounts information provided by the Brazilian government.
Q: How is this trend used in economic policy?
A: Policymakers in Brazil closely monitor this real GDP trend to assess macroeconomic conditions, guide fiscal and monetary policies, and make informed decisions to promote economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Brazil (RGDPNABRA666NRUG), retrieved from FRED.