YoY Change in Quarterly GDP in Brazil

The year-on-year comparison of Gross Domestic Product (GDP) in Brazil measures the change in the total economic activity of Brazil for a specific quarter compared to the same quarter of the previous year. This data, published quarterly by the Brazilian Institute of Geography and Statistics (IBGE), is crucial for assessing the health and growth of the economy.

Year-on-year GDP data helps understand how economic activity fluctuates over the long term. An increase in GDP indicates economic expansion, signaling improved production activities by businesses and increased purchasing power among consumers. Conversely, a decrease in GDP indicates economic stagnation or contraction, reflecting reduced production activities by businesses and decreased consumer spending.

This data serves as essential reference material for policymakers to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. It is also a vital information source for businesses and investors to formulate economic forecasts.