Private Consumption in Brazil
In the decade leading up to 2022, Brazil's economy recorded an average growth rate of 0.9% in private consumption. This is below the 1.8% average for Latin America. In 2022, Brazil's private consumption growth was 4.3%. For more private consumption information, visit our dedicated page.
Brazil Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Brazil from 2014 to 2023.
Source: Macrobond.
Brazil Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 2.6 | -4.6 | 3.0 | 4.1 | 3.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Brazilian private consumption projections for the next ten years from a panel of 26 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Brazilian private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Brazilian private consumption projections.
Want to get access to the full dataset of Brazilian private consumption forecasts? Send an email to info@focus-economics.com.