Sales: Retail Trade: Total Retail Trade: Volume for Brazil
Growth rate previous period, Annual
SLRTTO01BRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.09
Year-over-Year Change
-51.48%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' series measures the year-over-year percentage change in real GDP for Brazil. This metric is a key indicator of economic performance and used to analyze business cycles and guide policy decisions.
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 annual growth rate series provides a high-level view of Brazil's economic expansion or contraction compared to the prior year. It is a widely followed statistic for tracking the health of the Brazilian economy and assessing its trajectory relative to other countries.
Methodology
The data is calculated by the U.S. Federal Reserve based on official GDP statistics reported by the Brazilian government.
Historical Context
Policymakers and analysts monitor Brazil's GDP growth rate to understand the broader macroeconomic environment and inform decisions around fiscal, monetary, and trade policies.
Key Facts
- Brazil is the largest economy in Latin America.
- GDP growth has fluctuated between -3.5% and 7.5% over the past decade.
- The COVID-19 pandemic caused a sharp GDP contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percentage change in Brazil's real gross domestic product (GDP), adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: Brazil's GDP growth rate is a key indicator of the overall health and direction of the Brazilian economy, making it important for policymakers, investors, and economists to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official GDP statistics reported by the Brazilian government.
Q: How is this trend used in economic policy?
A: Policymakers in Brazil and abroad use the GDP growth rate to inform decisions around fiscal, monetary, and trade policies aimed at promoting economic stability and development.
Q: Are there update delays or limitations?
A: There can be lags of several months between the end of a year and the release of the official GDP growth rate data used to calculate this series.
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Gross Domestic Product in U.S. Dollars for Brazil
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IMP3510
Consumer Price Index: All Items: Total for Brazil
BRACPALTT01IXNBQ
Number of Identified Exporters to Brazil from Arizona
AZBRAA475SCEN
International Merchandise Trade Statistics: Imports: Commodities for Brazil
XTIMVA01BRM667N
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (SLRTTO01BRA657S), retrieved from FRED.