FGV IBRE

What FGV IBRE does

FGV IBRE (Instituto Brasileiro de Economia) is the macroeconomic research and statistics arm of Fundação Getulio Vargas, founded in 1951 and headquartered in Rio de Janeiro, Brazil. It produces Brazil's most widely referenced price indices — the IGP family (IGP-M, IGP-DI, IGP-10) and the IPC family (IPC, IPC-S, IPC-C1, IPC-3i) — alongside the IPA, INCC, IVAR, and IPGF indices, using survey-based price collection and econometric calculation methodologies. Its survey franchise spans monthly Sondagens (business tendency surveys covering industry, services, commerce, construction, and consumers), the Latin American regional survey, and consumer confidence work. Complementary products include the GDP Monitor (Monitor do PIB), the Economic Uncertainty Indicator, and the Composite Leading/Coincident Indicators (IACE/ICCE) produced in partnership with The Conference Board.

The commercial portfolio combines subscription-based data products (FGV Dados, Monitor da Inflação API, FGV Confiança, Easy Forecasting, Setorial Automobilístico, Radar da Construção, FGV Dados Transporte Urbano, Cesta Home Office, ICOMEX) with customized enterprise solutions (price management, unit cost composition, custom indices) and publications (Boletim Macro, Boletim Macro Regional - Nordeste, Monetary Policy Monitor, Conjuntura Econômica). Distribution runs through a licensed client portal, direct enterprise sales, and a content-marketing funnel that includes the Blog do IBRE, the Conexão Econômica podcast distributed across YouTube/SoundCloud/Spotify, and a weekly newsletter.

FGV IBRE serves four primary segments — government and public sector, private companies and the financial sector, academic and research institutions, and media — with the first three treated as primary. Revenue mechanics combine licensed subscriptions, custom analytical engagements, and select free offerings (basic historical series and the newsletter). The institute operates with 291 employees and is a unit within the larger Fundação Getulio Vargas foundation structure, with no external investors and no public-market listing.

Name

FGV IBRE

Legal name

Instituto Brasileiro de Economia

Website

https://portalibre.fgv.br

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

251–500 employees

Short description

FGV IBRE is the economics research arm of Fundação Getulio Vargas, producing Brazil's leading price indices (IGP, IPC), business tendency surveys, GDP monitoring, and the Boletim Macro for government, financial-sector, academic, and media clients via subscriptions and custom solutions.

Ownership category

akta.pro rank

Product category

Economic Research and Statistics

NAICS

Marketing Research and Public Opinion Polling (541910), Software Publishers (513210)

akta.pro primary industry

ESG Data, Ratings & Climate Benchmarks (FSAFAIAI)

akta.pro secondary industry

ESG Data, Ratings & Research (Providers, Methodologies, Analytics) (FSAAALAJ)

Keywords

• Macroeconomic research
• Price index measurement
• Business confidence surveys
• Economic indicators
• GDP monitoring

Headquarters

HQ city

Rio de Janeiro, RJ

HQ country

Brazil

HQ region

Latin America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Distribution channels4 records

Marketing channels7 records

Core offering

FGV IBRE produces and publishes Brazilian economic statistics and indices, including price indices (IGP family, IPC, IPC-S, INCC, IPA), monthly business and consumer confidence surveys, GDP monitoring, and economic cycle indicators in partnership with The Conference Board. It distributes these via licensed subscriptions (FGV Dados), digital monitoring products (Monitor da Inflação, Monitor da Atividade Econômica), and tailored analytical solutions for governments, financial institutions, and corporate clients.

Product overview

FGV IBRE offers a comprehensive portfolio of economic research products and services centered around price indices, economic surveys, and macroeconomic indicators. The core offerings include the FGV Dados database platform providing access to IGP family indices (IPA, IPC, INCC, IVAR), the Monitor da Inflação API for real-time IPCA tracking, and the FGV Confiança suite of monthly business and consumer confidence surveys. Key analytics products include Easy Forecasting (statistical/ML forecasting tool) and Monitor da Atividade Econômica (GDP tracking). The Boletim Macro provides monthly macroeconomic analysis. Specialized offerings cover automotive sector data, home office cost indices (Cesta Home Office), and international trade indices (ICOMEX). The IACE/ICCE indicators, produced in partnership with The Conference Board, provide leading/coincident economic cycle measurement. Supporting content includes the Conexão Econômica podcast series and Monetary Policy Monitor publication.

Differentiator

Problem solved

Functional benefit

Brands

• FGV Dados: Economic database service providing access to complete structures of indices that compose the General Price Index (IGP) and monitoring of price evolution for products and services affecting the production chain.
• Monitor da Inflação
• Monitor da Atividade Econômica
• FGV Confiança
• Boletim Macro
• Conexão Econômica

Products and services

• FGV Dados Economic database service providing access to complete structures of indices composing the General Price Index (IGP) and monitoring price evolution for products and services affecting supply chains.
• Monitor da Inflação Daily IPCA estimates access through API, providing exclusive information on goods and services that most influence the official inflation index results.
• Monitor da Atividade Econômica Monthly monitoring of GDP Monitor and Economic Activity Indicator, enabling identification of trends and growth variations across different sectors.
• FGV Confiança Monthly confidence surveys for industry, commerce, construction, services and consumer sectors, providing anticipation of short-term economic trends.
• Setorial Automobilístico Online database for monitoring automotive sector price dynamics across the production chain, with numerical information stored as independent time series.
• Easy Forecasting Statistical and machine learning forecasting tool for companies to project temporal data for the next 12 months without requiring technical AI or statistics knowledge.
• Cesta Home Office Package of indices for strategic planning and contract/HR management in remote work transition, based on IPC-BR-DI disaggregated data.
• Boletim Macro Monthly macro bulletin with statistics, projections and analysis covering economic activity, labor market, credit evolution, inflation, monetary policy, fiscal policy, external sector, and international panorama.
• ICOMEX Monthly foreign trade report and index coordinated by Lia Valls tracking Brazil's international trade dynamics.
• IGP (Índice Geral de Preços) General Price Index comprising IPA, IPC, INCC and IVAR, measuring wholesale, retail and construction price variations.
• IPC (Índice de Preços ao Consumidor) Consumer Price Index measuring price variations for family consumption goods and services in major Brazilian capitals.
• IPC-S Consumer Price Index variant measured in seven Brazilian capitals with weekly dissemination.
• INCC (Índice Nacional de Custo da Construção) National Construction Cost Index measuring price variations in the housing construction sector.
• IPA (Índice de Preços no Atacado) Wholesale Price Index measuring price variations at the producer/first commercial transaction level.
• Sondagem da Indústria Monthly survey of manufacturing sector providing information for economic trend monitoring and anticipation.
• Sondagem do Consumidor Monthly consumer expectations survey capturing sentiment regarding general economic situation and personal finances.
• Sondagem de Serviços First national conjunctural survey systematically gathering information on the services sector, representing over 63% of GDP.
• Sondagem da Construção Monthly survey generating information for monitoring and anticipating economic trends in the construction sector.
• Sondagem do Comércio Monthly survey providing complete monitoring and economic trend anticipation for the retail sector.
• Sondagem da América Latina Quarterly economic survey for Latin America tracking and anticipating regional economic trends.
• Monitor do PIB GDP monitoring tool for tracking economic activity with monthly updates and sector-level analysis.
• IACE (Indicador Antecedente Composto da Economia) Composite Leading Economic Indicator produced in partnership with The Conference Board, anticipating Brazilian economic direction in the short term.
• ICCE (Indicador Coincidente Composto da Economia) Composite Coincident Indicator measuring current economic conditions and activity intensity on a monthly basis.
• Indicador de Incerteza da Economia Economic Uncertainty Indicator measuring and tracking uncertainty levels in the Brazilian economy.
• Monetary Policy Monitor Semiannual publication consolidating systematic studies of monetary policies from major central banks including the Central Bank of Brazil.
• Podcast Conexão Econômica Podcast initiative demystifying economic concepts and democratizing access to economic knowledge for general audiences.
• Gestão de Preços Customized price management solution offered as part of FGV IBRE's personalized solutions, tailoring analysis to client pricing strategies.
• Composição de Custos Unitários Customized unit cost composition service offered as part of FGV IBRE's personalized solutions portfolio.
• Índices de Preços Customizados Customized price indices developed as part of FGV IBRE's personalized solutions for client-specific indexation needs.
• FGV Dados Transporte Urbano Specialized data product providing price and cost tracking for the urban transportation sector.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• S&P Global Market Intelligence: Major provider of economic data, indices, and analytics serving global enterprise and financial clients. Overlaps with FGV IBRE in economic data and benchmark administration, but at much broader scale and as part of a larger intelligence portfolio.
• Moody's Analytics: Provider of economic forecasting, credit risk analytics, and country-level macroeconomic data to banks, insurers, and corporations. Comparable in subscription economic data and forecasting products, with broader risk and credit analytics portfolio.
• IHS Markit (now part of S&P Global): Producer of high-frequency purchasing managers' indices (PMIs) and other sectoral economic indicators globally. Comparable in survey-based sectoral indicators and in producing benchmark series used by economists and corporates.
• Bloomberg Intelligence: Research and analytics arm of Bloomberg providing macroeconomic analysis, country reports, and proprietary datasets to financial professionals. Comparable in providing economic research to institutional clients, though embedded in a broader Terminal subscription.

Direct peers

• Capital Economics: Independent economic research firm providing country-level macroeconomic analysis, forecasts, and thematic research to financial and corporate clients. Comparable as a subscription-led economic research provider with similar customer base.
• The Conference Board: Producer of global business confidence surveys (including with FGV IBRE for IACE/ICCE) and economic indicators. Directly comparable in business tendency survey methodology and global benchmarking services for corporate and policy subscribers.
• Oxford Economics: Global economic forecasting and research firm serving corporate, government, and financial clients with macroeconomic models, country reports, and subscription databases. Comparable in subscription-based economic intelligence and client segmentation.
• IPEA (Institute for Applied Economic Research): Brazilian government-affiliated economic research institute producing macroeconomic indicators, policy analysis, and sectoral studies. Closest comparable to FGV IBRE in mission, customer base (government, academia, finance), and product scope (indices, surveys, GDP tracking).

Regional players

• Bradesco (Economic Research): Brazilian bank economic research team producing macroeconomic reports, inflation trackers, and sectoral analysis. Comparable as a Brazil-focused economic research provider serving financial and corporate clients in the same geography.
• Itaú Unibanco (Economic Research): Brazilian bank publishing frequently cited macroeconomic reports, inflation forecasts, and sectoral analysis to corporate and investor clients. Comparable in producing Brazilian economic outlook and engaging audiences in Portuguese-language content.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/fgvibre
• YouTubegoo.gl/AWbVq
• Facebookfacebook.com/ibrefgv
• LinkedInlinkedin.com/company/fgv-ibre

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FGV IBRE