General Government Expense for Canada
CANGGEIGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
-19.73%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Expense for Canada metric measures the total spending by the Canadian government, including federal, provincial, and municipal levels. This key indicator provides insight into the size and role of the public sector within the Canadian economy.
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
General government expense represents the sum of final consumption expenditure, gross capital formation, and net acquisitions of non-financial assets of all levels of government in Canada. It is a broad measure of the Canadian government's fiscal activities and an important indicator for economic analysis and policymaking.
Methodology
The data is collected and calculated by Statistics Canada through surveys and administrative records.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the Canadian government's fiscal stance and its impact on the overall economy.
Key Facts
- Canada's general government expense was 41.2% of GDP in 2021.
- Government spending accounts for a significant portion of Canada's economic activity.
- The trend in general government expense can signal changes in the government's fiscal stance.
FAQs
Q: What does this economic trend measure?
A: The General Government Expense for Canada metric measures the total spending by the Canadian government, including federal, provincial, and municipal levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector within the Canadian economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and market analysts to assess the Canadian government's fiscal stance and its impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions by Statistics Canada.
Related Trends
Gross Domestic Product Per Capita for Canada
PCAGDPCAA646NWDB
Total Credit to General Government, Adjusted for Breaks, for Canada
QCAGAM770A
Consumer Price Index: Services Less Housing for Canada
CANCPISXHMINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Canada
CANCP100000GYM
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Canada
CANCP090000IXNBQ
Sales: Retail Trade: Car Registration: Passenger Cars for Canada
CANSLRTCR03MLM
Citation
U.S. Federal Reserve, General Government Expense for Canada (CANGGEIGDP), retrieved from FRED.