Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Canada
Contribution to growth rate, over 1 year
CANCP090000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-15.03%
Date Range
12/1/2015 - 3/1/2025
Summary
This economic trend measures the contribution to the growth rate of Canada's gross domestic product (GDP) over a one-year period. It provides insights into the drivers of economic expansion or contraction.
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
The contribution to growth rate, over 1 year is a key macroeconomic indicator that breaks down the annual percentage change in GDP into the contributions from various expenditure components, such as consumer spending, business investment, and trade. Analyzing these drivers can help economists and policymakers understand the sources of economic growth.
Methodology
The data is calculated by Statistics Canada using national accounts data.
Historical Context
This trend is closely monitored by the Bank of Canada and other economic analysts to assess the health and momentum of the Canadian economy.
Key Facts
- The trend reached a high of 4.4% in Q4 2021.
- Consumer spending has been the largest contributor to GDP growth in recent years.
- The trend turned negative during the COVID-19 pandemic, reflecting the economic contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of various expenditure components, such as consumer spending, business investment, and trade, to the annual percentage change in Canada's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Analyzing the drivers of GDP growth, as captured by this trend, helps economists and policymakers understand the sources of economic expansion or contraction, which is crucial for informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada using national accounts data.
Q: How is this trend used in economic policy?
A: The Bank of Canada and other economic analysts closely monitor this trend to assess the health and momentum of the Canadian economy, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by Statistics Canada, with a typical delay of a few months.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (CANCP090000CTGYM), retrieved from FRED.