Private Final Consumption Expenditure in Canada
CANPFCEQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,382,983,000,000.00
Year-over-Year Change
11.03%
Date Range
1/1/1981 - 1/1/2024
Summary
Private Final Consumption Expenditure in Canada measures total spending by Canadian households on goods and services. It is a key indicator of economic growth and consumer confidence.
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 total market value of all goods and services purchased by Canadian households. It is a major component of Canada's Gross Domestic Product (GDP) and a widely-tracked metric for assessing the health of the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada based on surveys and other economic indicators.
Historical Context
Policymakers and analysts use this metric to evaluate domestic consumer demand and make informed decisions about monetary and fiscal policy.
Key Facts
- Private consumption accounts for over 50% of Canada's GDP.
- Consumption spending has grown by an average of 2.3% annually since 2010.
- Durable goods purchases make up about 20% of total household consumption.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total spending by Canadian households on final goods and services, excluding business investment and government expenditures.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a crucial indicator of economic health and consumer confidence in Canada. Tracking this data helps policymakers and economists assess domestic demand and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys, sales records, and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor private consumption to evaluate the strength of the domestic economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The private consumption data is typically released quarterly by Statistics Canada, with a delay of approximately 2 months.
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Citation
U.S. Federal Reserve, Private Final Consumption Expenditure in Canada (CANPFCEQDSNAQ), retrieved from FRED.