National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada
NAEXKP01CAA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,326,536,500,000.00
Year-over-Year Change
25.81%
Date Range
1/1/1961 - 1/1/2022
Summary
This trend measures Canada's Gross Domestic Product (GDP) by expenditure at constant prices, providing a comprehensive view of the Canadian economy's performance over time.
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
GDP by expenditure is a key macroeconomic indicator used to assess a country's economic health and growth. It breaks down GDP into major spending categories like consumption, investment, government spending, and net exports.
Methodology
This data is collected and calculated by Statistics Canada based on surveys and economic records.
Historical Context
Economists and policymakers closely monitor GDP trends to inform decisions around fiscal and monetary policy.
Key Facts
- Canada's GDP reached a record high of $2.02 trillion in 2021.
- Household consumption accounts for over 50% of Canada's GDP.
- GDP growth in Canada averaged 2.92% from 1961 to 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures Canada's Gross Domestic Product (GDP) broken down by major expenditure categories such as consumer spending, investment, government spending, and net exports.
Q: Why is this trend relevant for users or analysts?
A: GDP by expenditure is a crucial macroeconomic indicator that provides insights into the drivers of economic growth and allows for more nuanced analysis of a country's economic performance.
Q: How is this data collected or calculated?
A: This data is collected and calculated by Statistics Canada based on surveys, economic records, and other statistical sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor GDP trends to inform decisions around fiscal and monetary policy, as well as to assess the overall health and direction of the Canadian economy.
Q: Are there update delays or limitations?
A: There may be some time lag in the release of this data, as it requires the collection and aggregation of information from various sources. Users should check the latest available data from the source.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada (NAEXKP01CAA189S), retrieved from FRED.