National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Brazil
BRAGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
495,337,035,528.83
Year-over-Year Change
30.26%
Date Range
1/1/1996 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Brazil, a key component of the country's gross domestic product (GDP).
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
Government final consumption expenditure represents the value of goods and services consumed by the government for the direct satisfaction of individual or collective needs. It is an important indicator of the government's role in the Brazilian economy.
Methodology
The data is collected by the Brazilian Institute of Geography and Statistics (IBGE) as part of the National Accounts System.
Historical Context
This trend is used by economists and policymakers to analyze the size and composition of government spending in Brazil.
Key Facts
- Government final consumption expenditure accounts for around 20% of Brazil's GDP.
- This trend has shown steady growth over the past decade.
- Brazil's government spending as a share of GDP is higher than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services consumed by the government of Brazil for the direct satisfaction of individual or collective needs, a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the size and role of the government in the Brazilian economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Brazilian Institute of Geography and Statistics (IBGE) as part of the National Accounts System.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze government spending patterns and its impact on the broader Brazilian economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the IBGE, with some potential for slight delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Brazil (BRAGFCEQDSMEI), retrieved from FRED.