National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada
NAEXKP01CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
587,354,750,000.00
Year-over-Year Change
9.43%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic trend measures the total Gross Domestic Product (GDP) for Canada, adjusted for inflation, providing a comprehensive gauge of the country's economic output 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
GDP by expenditure is a key macroeconomic indicator used by policymakers, analysts, and economists to assess the overall health and performance of the Canadian economy. It represents the total value of goods and services produced within the country's borders.
Methodology
The data is collected and calculated by Statistics Canada based on detailed surveys and national accounts data.
Historical Context
GDP is a crucial metric for informing monetary and fiscal policy decisions, as well as analyzing market and consumer trends.
Key Facts
- Canada's GDP reached $1.9 trillion in 2021.
- The services sector accounts for over 60% of Canada's GDP.
- GDP growth averaged 2.7% annually from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total Gross Domestic Product (GDP) for Canada, adjusted for inflation, providing a comprehensive gauge of the country's economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial macroeconomic indicator used by policymakers, analysts, and economists to assess the overall health and performance of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on detailed surveys and national accounts data.
Q: How is this trend used in economic policy?
A: GDP is a crucial metric for informing monetary and fiscal policy decisions, as well as analyzing market and consumer trends.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a short delay, providing timely insights into the Canadian economy.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada (NAEXKP01CAQ189S), retrieved from FRED.