National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Canada
CANEXPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
241,490,000,000.00
Year-over-Year Change
43.99%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic trend measures the current price value of exports of goods and services for Canada. It is a key indicator of the country's international trade and economic performance.
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 Exports of Goods and Services for Canada metric represents the total value of all goods and services sold by Canadian producers to foreign buyers. It is an important component of the country's Gross Domestic Product and provides insights into the health of Canada's external trade sector.
Methodology
This data is collected and reported by Statistics Canada through national accounts.
Historical Context
Economists and policymakers use this trend to assess Canada's trade balance, competitiveness, and integration with the global economy.
Key Facts
- Exports account for over 30% of Canada's GDP.
- Canada's main export partners are the United States, China, and the European Union.
- The COVID-19 pandemic caused a sharp decline in Canadian exports in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total current price value of all goods and services exported from Canada to foreign buyers.
Q: Why is this trend relevant for users or analysts?
A: Exports are a key component of Canada's GDP and provide insights into the country's international trade competitiveness and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Canada through the national accounts system.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Canada's trade balance, global market share, and the impacts of trade policies and exchange rate movements.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Canada (CANEXPORTQDSMEI), retrieved from FRED.