General Government Total Expenditure for Canada
CANGGXGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.58
Year-over-Year Change
-0.83%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Total Expenditure for Canada measures the total spending by all levels of government, including federal, provincial, and local. This metric is a key indicator of the overall size and role of the public sector in 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
This series represents the sum of all government consumption, investment, and transfer payments in Canada, expressed as a percentage of GDP. It provides insight into the scale and composition of government activity, which is crucial for analyzing fiscal policy and the public sector's economic impact.
Methodology
The data is collected and calculated by Statistics Canada from various government budget sources.
Historical Context
General government expenditure is closely monitored by policymakers, economists, and international organizations to assess the sustainability of fiscal policy and the government's influence on economic growth.
Key Facts
- Canada's general government expenditure was 40.3% of GDP in 2021.
- Government spending increased during the COVID-19 pandemic to support the economy.
- Canada's general government expenditure is above the OECD average of around 40% of GDP.
FAQs
Q: What does this economic trend measure?
A: The General Government Total Expenditure for Canada measures the total spending by all levels of government, including federal, provincial, and local.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of government activity, which is crucial for analyzing fiscal policy and the public sector's economic impact.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada from various government budget sources.
Q: How is this trend used in economic policy?
A: General government expenditure is closely monitored by policymakers, economists, and international organizations to assess the sustainability of fiscal policy and the government's influence on economic growth.
Q: Are there update delays or limitations?
A: The data is published regularly by Statistics Canada, but there may be some delays in reporting due to the complexity of compiling information from various government sources.
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Citation
U.S. Federal Reserve, General Government Total Expenditure for Canada (CANGGXGDP), retrieved from FRED.