Gross Fixed Capital Formation in Canada
CANGFCFQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
495,251,000,000.00
Year-over-Year Change
-6.18%
Date Range
1/1/1961 - 1/1/2024
Summary
Gross Fixed Capital Formation (GFCF) in Canada measures investment in fixed assets like machinery, equipment, and infrastructure. It's a key indicator of economic growth and business confidence.
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
GFCF represents the value of acquisitions of new or existing fixed assets by the business, government and household sectors, minus disposals of fixed assets. It's a vital measure of an economy's productive capacity and future growth potential.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of businesses, governments, and households.
Historical Context
GFCF is widely used by policymakers, analysts, and investors to assess the health of the Canadian economy and forecast future economic activity.
Key Facts
- GFCF accounts for around 25% of Canada's GDP.
- Investment in machinery and equipment makes up over 50% of total GFCF.
- GFCF growth tends to lead overall GDP growth in Canada.
FAQs
Q: What does this economic trend measure?
A: Gross Fixed Capital Formation (GFCF) measures the value of investments in fixed assets like machinery, equipment, buildings, and infrastructure in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a crucial indicator of economic growth and business confidence. It provides insight into the productive capacity and investment levels in the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of businesses, governments, and households.
Q: How is this trend used in economic policy?
A: GFCF is widely used by policymakers, economists, and investors to assess the health of the Canadian economy and forecast future economic activity.
Q: Are there update delays or limitations?
A: The GFCF data is published quarterly by Statistics Canada with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Gross Fixed Capital Formation in Canada (CANGFCFQDSNAQ), retrieved from FRED.