Real Private Sector Final Consumption Expenditure for Canada
Quarterly, Seasonally Adjusted
NCPRSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
359,179.00
Year-over-Year Change
6.24%
Date Range
1/1/1981 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the total output of the U.S. economy, providing a comprehensive assessment of economic growth and performance.
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 key economic indicator, also known as Gross Domestic Product (GDP), tracks the market value of all final goods and services produced within the United States during a given quarter. It is a crucial metric for policymakers and analysts to gauge the overall health and trajectory of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
GDP figures are closely monitored by the Federal Reserve, government, and financial markets to inform policy decisions and investment strategies.
Key Facts
- GDP grew by 2.9% in the fourth quarter of 2022.
- The U.S. economy expanded by 6.9% in 2021 after contracting in 2020.
- Consumer spending accounts for approximately 70% of GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of all goods and services produced within the United States during a given quarter, providing a comprehensive assessment of economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic health and growth, and is closely watched by policymakers, investors, and analysts to inform decision-making and assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Federal Reserve, government, and financial markets to inform policy decisions and investment strategies, as they provide a comprehensive assessment of the overall health and trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted GDP data is typically released by the Bureau of Economic Analysis with a delay of approximately one month after the end of the quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NCPRSAXDCCAQ), retrieved from FRED.