National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Canada
Annual
CANIMPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
948,468,000,000.00
Year-over-Year Change
83.40%
Date Range
1/1/1961 - 1/1/2022
Summary
The Annual series measures imports of goods and services into Canada. It is a key indicator of the country's trade and economic activity.
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 Annual series tracks the total value of goods and services imported into Canada over the course of a year. This metric provides insight into the country's participation in global trade, consumer demand, and overall economic performance.
Methodology
The data is collected through surveys of businesses and government agencies.
Historical Context
Policymakers and analysts use this series to assess Canada's trade balance and international competitiveness.
Key Facts
- Canada is the 9th largest importer of goods and services globally.
- Imports account for over 30% of Canada's GDP.
- China is Canada's largest source of imports, followed by the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the total value of goods and services imported into Canada over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Canada's participation in global trade, consumer demand, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess Canada's trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a delay of several months before the latest figures are available.
Related Trends
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DDDM02CAA156NWDB
Goods, Value of Imports for Canada
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Canada
CANCP070000CTGYM
Total Cost of Residential Construction for Canada
OPCNRE01CAM661N
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 24 Years for Canada
LREM24FECAA156N
General Government Revenue for Canada
CANGGRGDP
Citation
U.S. Federal Reserve, Annual (CANIMPORTADSMEI), retrieved from FRED.