National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Brazil
BRAGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,718,265,516,500.13
Year-over-Year Change
42.05%
Date Range
1/1/1996 - 7/1/2023
Summary
This economic trend measures Brazil's gross domestic product (GDP) by expenditure, providing a comprehensive overview of the country's economic activity at current prices.
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
The National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Brazil metric offers insights into the composition and growth of Brazil's economy, enabling analysts and policymakers to assess the nation's economic performance and development.
Methodology
The data is collected and calculated by the Brazilian Institute of Geography and Statistics (IBGE) based on established national accounting standards.
Historical Context
This GDP data is widely used by economists, investors, and government agencies to inform economic policy decisions and market analysis.
Key Facts
- Brazil's GDP totaled $1.6 trillion in 2021.
- GDP growth in Brazil was 4.6% in 2021 after a 3.9% contraction in 2020.
- Household consumption accounts for over 60% of Brazil's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Brazil's gross domestic product (GDP) by expenditure, providing a comprehensive overview of the country's economic activity at current prices.
Q: Why is this trend relevant for users or analysts?
A: This GDP data is widely used by economists, investors, and government agencies to assess Brazil's economic performance and inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Brazilian Institute of Geography and Statistics (IBGE) based on established national accounting standards.
Q: How is this trend used in economic policy?
A: Policymakers use this GDP data to monitor Brazil's economic growth, identify sectors driving development, and inform decisions on fiscal, monetary, and trade policies.
Q: Are there update delays or limitations?
A: The GDP data is typically released on a quarterly basis with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Brazil (BRAGDPNQDSMEI), retrieved from FRED.