Balance of Payments: Primary Income: Expenditure for Canada
CANB6DBPI01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,306,980,000.00
Year-over-Year Change
47.29%
Date Range
1/1/1981 - 10/1/2024
Summary
The 'Balance of Payments: Primary Income: Expenditure for Canada' series measures Canada's expenditures on income paid to foreign factors of production. It is a key economic indicator for understanding Canada's international financial position.
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 series tracks Canada's spending on income payments to foreign entities, such as interest, dividends, and employee compensation. It is an important component of the current account, providing insight into Canada's international investment income flows and overall balance of payments.
Methodology
The data is collected by Statistics Canada through surveys and administrative sources.
Historical Context
Policymakers and analysts use this metric to assess Canada's international competitiveness and financial obligations.
Key Facts
- Canada's primary income expenditure was $72.3 billion in 2021.
- The expenditure has grown by 23% over the past 5 years.
- Canada's primary income deficit was 2.3% of GDP in 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures Canada's expenditures on income paid to foreign factors of production, such as interest, dividends, and employee compensation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Canada's international investment income flows and overall balance of payments, which is crucial for assessing the country's international financial position and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Canada's international competitiveness and financial obligations, which informs policy decisions related to trade, investment, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Balance of Payments: Primary Income: Expenditure for Canada (CANB6DBPI01CXCUSAQ), retrieved from FRED.