General Government Revenue for Canada
CANGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.20
Year-over-Year Change
4.68%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for Canada (CANGGRGDP) trend measures the total revenue collected by all levels of government in Canada as a percentage of gross domestic product (GDP). This metric provides insight into the fiscal capacity and policies of the Canadian government.
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 CANGGRGDP series represents the total revenue received by all government entities in Canada, including federal, provincial, and local administrations. It is a key indicator of the overall size and role of the public sector within the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada based on national accounts.
Historical Context
Economists and policymakers use this trend to analyze the government's fiscal position and the tax burden on the Canadian economy.
Key Facts
- Canada's general government revenue averaged 39.5% of GDP from 2010-2020.
- Government revenue as a share of GDP peaked at 41.2% in 2015.
- The COVID-19 pandemic caused a decline in the revenue-to-GDP ratio to 38.7% in 2020.
FAQs
Q: What does this economic trend measure?
A: The CANGGRGDP series measures the total revenue collected by all levels of government in Canada as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the fiscal capacity and policies of the Canadian government, which is relevant for economists, policymakers, and anyone analyzing the role of the public sector in the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on national accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the CANGGRGDP trend to analyze the government's fiscal position and the tax burden on the Canadian economy, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The CANGGRGDP data is typically updated on a quarterly basis by Statistics Canada, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, General Government Revenue for Canada (CANGGRGDP), retrieved from FRED.