National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Canada
Annual
CANEXPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
952,159,000,000.00
Year-over-Year Change
95.94%
Date Range
1/1/1961 - 1/1/2022
Summary
The 'Annual' economic trend measures the total value of exports from Canada on an annual basis. This metric is crucial for understanding Canada's international trade performance and economic growth.
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 'Annual' trend represents the total value of goods and services exported from Canada over a 12-month period. It is a key indicator of the country's export-driven economy and trade relations with major global partners.
Methodology
The data is collected by Statistics Canada through surveys of Canadian businesses and compiled into an annual export value figure.
Historical Context
Policy makers and analysts use this trend to assess Canada's competitiveness and shape trade policies.
Key Facts
- Canada is the 9th largest exporter globally.
- Exports account for over 30% of Canada's GDP.
- The U.S. is Canada's largest trade partner, receiving over 70% of its exports.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total value of goods and services exported from Canada over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Canada's international trade performance and economic growth, as exports are a key driver of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys of Canadian businesses and compiled into an annual export value figure.
Q: How is this trend used in economic policy?
A: Policy makers and analysts use this trend to assess Canada's competitiveness and shape trade policies to support the country's export-driven economy.
Q: Are there update delays or limitations?
A: As an annual metric, there is typically a several month delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Annual (CANEXPORTADSMEI), retrieved from FRED.