Gross Domestic Product for Brazil
MKTGDPBRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,179,412,080,828.59
Year-over-Year Change
-11.59%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Brazil is a key economic indicator that measures the total value of all goods and services produced within the country. It is a vital metric for assessing the overall health and growth of Brazil's economy.
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
GDP is the broadest measure of a country's economic activity, representing the final market value of all goods and services produced within a given period. It is a widely used benchmark for evaluating a nation's economic performance and is closely monitored by policymakers, analysts, and investors.
Methodology
The GDP data for Brazil is collected and calculated by the World Bank based on official government sources.
Historical Context
Brazil's GDP is closely watched by global markets and institutions as an indicator of the country's economic conditions and growth potential.
Key Facts
- Brazil is the largest economy in Latin America.
- Brazil's GDP reached $1.87 trillion in 2021.
- The service sector accounts for over 60% of Brazil's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Brazil measures the total value of all goods and services produced within the country during a given period.
Q: Why is this trend relevant for users or analysts?
A: Brazil's GDP is a crucial indicator of the overall health and growth of the country's economy, making it relevant for policymakers, investors, and economists analyzing economic conditions in Brazil and Latin America.
Q: How is this data collected or calculated?
A: The GDP data for Brazil is collected and calculated by the World Bank based on official government sources.
Q: How is this trend used in economic policy?
A: Brazil's GDP is closely monitored by global markets and institutions as an indicator of the country's economic conditions and growth potential, influencing investment decisions and informing economic policymaking.
Q: Are there update delays or limitations?
A: The GDP data for Brazil is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Number of Identified Exporters to Brazil from Virginia
VABRAA475SCEN
Nominal External Balance of Goods and Services for Brazil
NNXGSSAXDCBRQ
Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Brazil
BRAFCNODCHANUM
Liquid Liabilities to GDP for Brazil
DDDI05BRA156NWDB
Bank's Non-Interest Income to Total Income for Brazil
DDEI03BRA156NWDB
Financial System Deposits to GDP for Brazil
DDDI08BRA156NWDB
Citation
U.S. Federal Reserve, Gross Domestic Product for Brazil (MKTGDPBRA646NWDB), retrieved from FRED.