National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Canada
Index 2015=100, Annual
NAEXKP07CAA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.28
Year-over-Year Change
31.92%
Date Range
1/1/1961 - 1/1/2022
Summary
The Index 2015=100, Annual trend measures the real gross domestic product per capita for Canada, a key indicator of economic growth and living standards.
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
This annual index tracks changes in Canada's real GDP per capita, adjusting for population size and inflation. It provides a comprehensive measure of a country's economic performance and is widely used by economists, policymakers, and analysts to assess a nation's standard of living and economic progress over time.
Methodology
The data is calculated by the U.S. Federal Reserve using official GDP and population statistics from Statistics Canada.
Historical Context
This trend is closely monitored by governments, central banks, and international organizations to guide economic and social policies.
Key Facts
- Canada's real GDP per capita was $50,401 in 2021.
- The index reached a high of 102.7 in 2018 before declining due to the COVID-19 pandemic.
- Canada's GDP per capita has grown by an average of 1.4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product per capita for Canada, adjusting for both population size and inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP per capita is a key indicator of a country's economic performance and living standards, making it essential for economists, policymakers, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official GDP and population statistics from Statistics Canada.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international organizations closely monitor this trend to guide economic and social policies aimed at promoting growth and improving living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, and may be subject to revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP07CAA661S), retrieved from FRED.