Gross Domestic Product for Canada
Percent Change
CANNGDPRPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.52
Year-over-Year Change
-44.70%
Date Range
1/1/1980 - 1/1/2030
Summary
The Percent Change trend measures the quarterly percent change in Canada's real gross domestic product (GDP). It is a key economic indicator used by policymakers and analysts to assess the health and growth of 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
The Percent Change trend represents the quarter-over-quarter percent change in Canada's real GDP, which is a measure of the total economic output adjusted for inflation. This metric is closely watched as it provides insights into the overall economic performance and can inform policy decisions.
Methodology
The data is calculated by Statistics Canada based on their comprehensive national accounts.
Historical Context
The Percent Change trend is widely used by the Bank of Canada, government, and private sector economists to monitor the Canadian economy and make informed policy and investment decisions.
Key Facts
- Canada's real GDP grew by 3.1% in Q4 2022.
- The Percent Change trend reached a low of -11.3% in Q2 2020 due to the COVID-19 pandemic.
- The Percent Change trend has averaged 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Percent Change trend measures the quarterly percent change in Canada's real gross domestic product (GDP), a key indicator of the country's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by policymakers, economists, and investors to assess the health and growth of the Canadian economy, which informs decision-making and policy.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on their comprehensive national accounts.
Q: How is this trend used in economic policy?
A: The Percent Change trend is closely monitored by the Bank of Canada and government economists to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Percent Change data is released quarterly by Statistics Canada, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change (CANNGDPRPCH), retrieved from FRED.