National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Canada
NAEXKP02CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
342,157,500,000.00
Year-over-Year Change
10.80%
Date Range
1/1/1981 - 7/1/2023
Summary
This economic indicator measures private final consumption expenditure in Canada, a key component of gross domestic product (GDP). It is a vital metric for understanding consumer spending patterns and economic 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
Private final consumption expenditure represents the value of goods and services purchased by Canadian households. It is a crucial indicator of domestic demand and consumer confidence, providing insights into the health of the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada based on surveys and national accounts data.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the Canadian economy and guide economic decision-making.
Key Facts
- Private consumption accounts for over 50% of Canada's GDP.
- Household spending has increased by 3.2% annually over the past decade.
- Consumer confidence in Canada reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services purchased by Canadian households, a key component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Private consumption expenditure is a vital indicator of domestic demand and consumer confidence, providing insights into the overall health of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the Canadian economy and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is released quarterly by Statistics Canada, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Canada (NAEXKP02CAQ189S), retrieved from FRED.