Real General Government Final Consumption Expenditure for Canada
NCGGRSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,903.50
Year-over-Year Change
8.90%
Date Range
1/1/1961 - 1/1/2025
Summary
This economic trend measures real general government final consumption expenditure in Canada, which reflects government spending on goods and services. It is a key indicator of fiscal policy and economic activity.
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
Real general government final consumption expenditure is a measure of the value of goods and services consumed by government as part of its final use of resources. This data is used by economists and policymakers to analyze the role of government in the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada based on national accounts.
Historical Context
This metric provides insight into the government's fiscal stance and its impact on overall economic performance.
Key Facts
- This metric has been tracked since 1961.
- Government consumption accounts for over 20% of Canada's GDP.
- Real government spending growth averaged 2.1% annually from 2010-2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real value of goods and services consumed by the Canadian government as part of its final use of resources.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's fiscal stance and its impact on overall economic performance in Canada.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on national accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the role of government spending in the Canadian economy and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure for Canada (NCGGRSAXDCCAQ), retrieved from FRED.