Real Gross Domestic Product for Brazil
Annual, Not Seasonally Adjusted
NGDPRXDCBRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,341,810.60
Year-over-Year Change
12.35%
Date Range
1/1/1996 - 1/1/2024
Summary
This series measures real gross domestic product (GDP) in Brazil on an annual, not seasonally adjusted basis. It is a key indicator of overall economic activity and growth in 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
Real GDP is a comprehensive measure of the total value of goods and services produced within a country, adjusted for inflation. This annual, non-seasonally adjusted series provides a high-level snapshot of Brazil's economic performance without the volatility of quarterly or monthly data.
Methodology
The data is calculated by the Brazilian Institute of Geography and Statistics (IBGE) based on surveys and economic accounts.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of the Brazilian economy.
Key Facts
- Brazil's real GDP grew by 5.0% in 2021.
- The COVID-19 pandemic caused a 3.9% contraction in Brazil's GDP in 2020.
- Brazil's economy has seen volatile growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total real (inflation-adjusted) value of goods and services produced in Brazil on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Annual real GDP is a key indicator of overall economic activity and growth in Brazil, providing a high-level snapshot of the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Brazilian Institute of Geography and Statistics (IBGE) based on surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trajectory of the Brazilian economy, informing decisions on fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the annual GDP estimates are typically released several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NGDPRXDCBRA), retrieved from FRED.