National Accounts: GDP by Expenditure: Constant Prices: Changes in Inventories and Net Acquisition of Valuables for Canada
NAEXKP05CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,349,750,000.00
Year-over-Year Change
-185.29%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic trend measures changes in inventories and net acquisition of valuables in Canada's gross domestic product (GDP) at constant prices. It is a key indicator of economic activity and business investment.
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 'Changes in Inventories and Net Acquisition of Valuables' series represents the value of changes in the physical volume of inventories held by businesses and the net acquisition of valuables. It is an important component of the expenditure approach to measuring GDP, providing insights into production, consumption, and investment dynamics.
Methodology
This data is collected and calculated by Statistics Canada as part of the National Accounts.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the Canadian economy and make informed decisions.
Key Facts
- Changes in inventories and net acquisition of valuables account for around 1% of Canada's GDP.
- This indicator can signal shifts in production and demand patterns.
- Volatile changes in inventories can impact overall GDP growth rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in the physical volume of inventories held by businesses and the net acquisition of valuables, which are components of Canada's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into production, consumption, and investment dynamics, making it an important metric for assessing the health of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada as part of the National Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to make informed decisions about the Canadian economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the National Accounts.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Changes in Inventories and Net Acquisition of Valuables for Canada (NAEXKP05CAQ189S), retrieved from FRED.