Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Canada
Billions of Canadian Dollars
CRDQCAAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,693.59
Year-over-Year Change
14.42%
Date Range
1/1/1954 - 10/1/2024
Summary
The 'Billions of Canadian Dollars' trend measures the total value of all goods and services produced in Canada. It is a key indicator of the country's economic health and growth.
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 series tracks the gross domestic product (GDP) of Canada, which represents the total monetary value of all the finished goods and services produced within the country's borders. GDP is a widely used metric for assessing the size and performance of a national economy.
Methodology
The data is collected and calculated by Statistics Canada through surveys and economic modeling.
Historical Context
Canadian GDP figures are closely monitored by policymakers, investors, and analysts to gauge the overall strength of the Canadian economy.
Key Facts
- Canada is the world's 10th largest economy by GDP.
- Canadian GDP has grown by an average of 2.3% per year over the past decade.
- The services sector accounts for about 70% of Canada's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Canadian Dollars' trend measures the total value of all goods and services produced in Canada, known as the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Canadian GDP is a crucial indicator of the overall health and performance of the Canadian economy, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada, the country's national statistical agency, through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Canadian GDP figures are closely monitored by the Bank of Canada and other policymakers to inform monetary and fiscal policy decisions, as well as by investors and analysts to assess the country's economic outlook.
Q: Are there update delays or limitations?
A: The GDP data is typically released on a quarterly basis, with a slight delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Billions of Canadian Dollars (CRDQCAAPABIS), retrieved from FRED.