Nominal Private Sector Final Consumption Expenditure for Canada
NCPNSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
417,046.00
Year-over-Year Change
18.39%
Date Range
1/1/1961 - 1/1/2025
Summary
This economic trend measures the total nominal final consumption expenditure by Canadian households and non-profit institutions serving households. It is a key indicator of consumer demand and economic activity in Canada.
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
Nominal Private Sector Final Consumption Expenditure tracks the total value of goods and services purchased by Canadian consumers and non-profit organizations. It is a widely-used metric for evaluating the strength of domestic consumption, a major component of Canada's gross domestic product.
Methodology
This data is collected and calculated quarterly by Statistics Canada through national accounts surveys and estimations.
Historical Context
Economists and policymakers closely monitor this indicator to assess the health of the Canadian economy and make informed decisions.
Key Facts
- Canada's nominal private consumption reached $1.22 trillion in 2021.
- Consumer spending accounts for over 50% of Canada's GDP.
- Nominal consumption grew by 8.5% in 2021 after a 5.9% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal final consumption expenditure by Canadian households and non-profit institutions serving households.
Q: Why is this trend relevant for users or analysts?
A: This is a key indicator of consumer demand and economic activity in Canada, providing insights into the strength of domestic consumption, a major component of the country's GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated quarterly by Statistics Canada through national accounts surveys and estimations.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health of the Canadian economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Nominal Private Sector Final Consumption Expenditure for Canada (NCPNSAXDCCAQ), retrieved from FRED.