Constant GDP per capita for Brazil
NYGDPPCAPKDBRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,564.58
Year-over-Year Change
4.33%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for Brazil' series measures the level of economic output per person in Brazil, adjusted for inflation. This metric is crucial for assessing long-term living standards and economic development.
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 per capita is a fundamental indicator of a country's economic performance and the material well-being of its population. The 'Constant GDP per capita for Brazil' series provides a real, inflation-adjusted measure that allows for meaningful comparisons over time.
Methodology
The data is calculated by the World Bank using Brazil's gross domestic product and population figures.
Historical Context
Policymakers and economists closely monitor GDP per capita trends to gauge a country's economic health and progress.
Key Facts
- Brazil's constant GDP per capita was $8,894 in 2021.
- GDP per capita in Brazil has grown by 34% over the past 20 years.
- Brazil ranks 77th globally in terms of constant GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Brazil' series measures the total economic output of Brazil divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic performance and living standards. Tracking this inflation-adjusted trend helps assess Brazil's long-term economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Brazil's gross domestic product and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor GDP per capita trends to gauge a country's economic health and progress, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Brazil (NYGDPPCAPKDBRA), retrieved from FRED.