National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Brazil
Growth rate previous period, Annual
NAEXKP02BRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.76
Year-over-Year Change
36.07%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP) for Brazil. This broad economic indicator is closely watched by policymakers, analysts, and investors to assess the health and trajectory of the Brazilian 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
This series represents the annual percent change in real GDP for Brazil, providing insight into the overall economic performance. It is a key metric used to evaluate Brazil's macroeconomic conditions and can inform policy decisions as well as investment strategies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics provided by the Brazilian government.
Historical Context
Policymakers and market participants closely monitor this indicator to gauge Brazil's economic growth and competitiveness relative to other major economies.
Key Facts
- Brazil is the largest economy in Latin America.
- Real GDP growth is a key driver of employment, consumer spending, and investment in Brazil.
- The annual GDP growth rate has fluctuated significantly in recent years due to political and economic instability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real gross domestic product (GDP) for Brazil, providing insight into the overall economic performance of the country.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a critical indicator used by policymakers, investors, and analysts to assess the health and trajectory of the Brazilian economy, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics provided by the Brazilian government.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this indicator to gauge Brazil's economic growth and competitiveness relative to other major economies, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the GDP statistics provided by the Brazilian government, which may result in occasional delays or revisions to the growth rate figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02BRA657S), retrieved from FRED.