Expenditure-side Real GDP at Current Purchasing Power Parities for Canada
CGDPESCAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,841,899.00
Year-over-Year Change
23.40%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Canada's real gross domestic product (GDP) from the expenditure side, adjusted for purchasing power parity (PPP). It provides a comprehensive view of Canada's economic activity and living standards compared to other countries.
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 expenditure-side real GDP at current PPPs for Canada tracks the total value of all goods and services produced within the Canadian economy, adjusted for price differences across countries. This metric allows for more accurate international comparisons of economic output and living standards.
Methodology
The data is calculated by the OECD using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Canada's economic performance and competitiveness.
Key Facts
- Canada's expenditure-side real GDP at current PPPs was $1.86 trillion in 2021.
- This metric has grown at an average annual rate of 2.1% over the past decade.
- Canada ranks 10th globally in terms of expenditure-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures Canada's real gross domestic product (GDP) from the expenditure side, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of Canada's economic activity and living standards compared to other countries, allowing for more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess Canada's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the OECD.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Canada (CGDPESCAA666NRUG), retrieved from FRED.