General government gross debt for Canada
Percent of Fiscal Year GDP
CANGGXWDGGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.11
Year-over-Year Change
14.69%
Date Range
1/1/1980 - 1/1/2030
Summary
The 'Percent of Fiscal Year GDP' measures the total government expenditures as a percentage of the gross domestic product for a given fiscal year in Canada.
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 economic indicator provides insight into the size and role of the public sector within the broader Canadian economy. It is used by economists, policymakers, and analysts to assess fiscal policy, government influence, and macroeconomic trends.
Methodology
The data is calculated by Statistics Canada based on national accounts and GDP figures.
Historical Context
This metric is closely watched by markets and institutions to gauge the Canadian government's fiscal position and economic management.
Key Facts
- Canada's government spending was 39.8% of GDP in 2020.
- Government expenditures peaked at 53.2% of GDP during the 2009 recession.
- Public sector spending in Canada has averaged around 40% of GDP over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Percent of Fiscal Year GDP' indicator measures the total government expenditures in Canada as a percentage of the country's gross domestic product for a given fiscal year.
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 assessing fiscal policy, government influence, and macroeconomic trends.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on national accounts and GDP figures.
Q: How is this trend used in economic policy?
A: This metric is closely watched by markets, economists, and policymakers to gauge the Canadian government's fiscal position and economic management.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by Statistics Canada, but there may be some delays in reporting due to the complexity of national accounts and GDP calculations.
Related Trends
Labor Compensation: Earnings: Manufacturing: Hourly for Canada
LCEAMN01CAQ189S
Balance of Payments: Services: Expenditure for Canada
CANB6DBSE02STSAQ
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Canada
CANB6FATT01CXCUQ
Sales: Manufacturing: Total Manufacturing: Value for Canada
CANSLMNTO02MLSAM
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada
NAEXKP01CAQ189S
National Accounts: GDP by Expenditure: Constant Prices: Changes in Inventories and Net Acquisition of Valuables for Canada
NAEXKP05CAQ189S
Citation
U.S. Federal Reserve, Percent of Fiscal Year GDP (CANGGXWDGGDP), retrieved from FRED.