National Accounts: GDP by Expenditure: Constant Prices: Changes in Inventories and Net Acquisition of Valuables for Canada
Annual
NAEXKP05CAA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,289,500,000.00
Year-over-Year Change
-7650.63%
Date Range
1/1/1961 - 1/1/2022
Summary
The Annual trend measures the annual percent change in the price index for gross domestic product (GDP) in Canada. This metric is a key indicator of overall price inflation in the Canadian economy.
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 Annual trend tracks the year-over-year percent change in the GDP price index, which reflects the prices of all goods and services that contribute to GDP. It is a comprehensive measure of inflation that economists and policymakers use to assess the health of the Canadian economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts data from Statistics Canada.
Historical Context
This inflation metric helps guide monetary policy decisions by the Bank of Canada.
Key Facts
- Canada's Annual inflation rate was 7.0% in 2022.
- The GDP price index has increased by an average of 2.1% per year since 2000.
- Annual inflation reached a high of 8.1% in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the price index for gross domestic product (GDP) in Canada.
Q: Why is this trend relevant for users or analysts?
A: This comprehensive inflation metric is closely watched by economists and policymakers to assess the overall health of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts data from Statistics Canada.
Q: How is this trend used in economic policy?
A: The Annual inflation rate helps guide monetary policy decisions by the Bank of Canada, as they seek to maintain price stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Annual (NAEXKP05CAA189S), retrieved from FRED.