Brazil - Real Net Exports

For Brazil, quarterly national accounts, including the expenditure and production approaches. GDP(E) includes GDP, consumer expenditure, government expenditure, gross fixed capital formation, changes in stock, imports, and exports. GDP(O) includes gross value added by industry and net taxes on products. Analytic variants are current prices, chained prices and chained indexes. Reported by the Brazilian Institute of Geography and Statistics (IBGE).

Active:

• Framework: UN SNA 2008
• Industry classification: CNAE Rev. 2
• Properties:
  • Millions of Brazilian reais at chained year-1995 prices (Mil. Ch. 1995 BRL)
  • At current prices (Mil. BRL)
  • Chained volume indexes relative to 1995 (Ch. Vol. Index 1995=100)
• Adjustments:
  • Seasonally adjusted (SA)
  • Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: Uniformly 1996Q1

Quarterly predecessor:

• SNA 93, CNAE Rev. 1, 1995 prices - {1991Q1, 1995Q1} to 2014Q ("_S93")
• At 1990 prices - 1991Q1 to 2006Q4 ("90")
• Prior to revision of 2007m3 - 1991Q1 to 2006Q3 ("_OLD")

Annual predecessors:

• GVA at 2010 prices - 2010 to 2021 ("_10")
• GVA at 2000 prices - 2000 to 2009 ("_00")

The System of National Accounts (SNA) for Brazil, published by the Brazilian Institute of Geography and Statistics (IBGE), provides a comprehensive framework for measuring the country’s economic activity. It includes estimates of Gross Domestic Product (GDP) and its components by production, income, and expenditure approaches. The dataset follows international standards set by the United Nations System of National Accounts (SNA 2008), ensuring comparability with other countries.

Brazil’s national accounts are compiled in accordance with the SNA 2008 guidelines. The IBGE uses a combination of administrative records, surveys, and statistical modeling to estimate GDP and related aggregates. Data sources include production statistics, household and enterprise surveys, tax records, and external trade data. The accounts are presented in both current and constant prices, allowing for real growth analysis. Classifications follow international standards such as ISIC for industries and COICOP for household consumption. Quarterly and annual estimates are produced, with seasonal adjustments applied to short-term indicators.

Valuation is GDP at market prices ("PIB pm" or "produto interno bruto a preço de mercado"). Market prices are used to valuate flows and stocks in the Brazilian national accounts. Output is valued at basic prices, and intermediate consumption is valued at purchase prices excluding the deductible part of the value-added taxes. Total exports and imports are valued on a f.o.b. basis. Transactions in foreign currency are converted to the national currency using the mid-point between the selling and buying exchange rate, thus excluding the financial service from the value of exports.

Moody's Analytics supplements

For GDP(E) and GDP(O), we back-extend series to 1991Q1 or 1996Q3. Where necessary, we construct NSA supplements (additive identities) and seasonally adjusted counterparts.

Data are subject to revisions as new information becomes available or methodological improvements are implemented. IBGE publishes updated series and provides documentation on changes to ensure transparency.

No systematic revisions are made, but quarterly data are adjusted to annual data using a benchmarking procedure.

In March 2007, a revision of the national accounts introduced new data sources and established 2000 as a new reference year.

Further reading

At the source:

• Contas Nacionais Trimestrais

At IMF (SDDS Plus):

• National accounts (Jan 2020)

Document edits

• Initial version.
• 26 Jan 2026, Phillip Thorne - Addendum of annual GVA at 2000 and 2010 prices: Properties.