National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Brazil
NAEXKP03BRQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,067,240,640.00
Year-over-Year Change
9.46%
Date Range
1/1/1996 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Brazil, adjusted for inflation. It is a key component of gross domestic product (GDP) and reflects the government's contribution to the country's economic activity.
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 includes spending by federal, state, and local governments on goods and services. This metric is used by economists and policymakers to analyze the role of the public sector in Brazil's economic performance and development.
Methodology
The data is collected and calculated by Brazil's national statistical agency based on government budget reports and national accounts.
Historical Context
This GDP expenditure component provides insight into fiscal policy and the government's role in the Brazilian economy.
Key Facts
- Government spending accounts for over 15% of Brazil's GDP.
- This metric has grown by an average of 2.3% annually over the past decade.
- Fluctuations in government consumption expenditure reflect changes in fiscal policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Brazil, which includes spending by federal, state, and local governments on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key component of GDP and provides insight into the role of the public sector in Brazil's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Brazil's national statistical agency based on government budget reports and national accounts.
Q: How is this trend used in economic policy?
A: This GDP expenditure component is used by economists and policymakers to analyze fiscal policy and the government's role in the Brazilian economy.
Q: Are there update delays or limitations?
A: The data is typically 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, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Brazil (NAEXKP03BRQ652S), retrieved from FRED.