Nominal Gross Fixed Capital Formation for Canada
NFISAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,033.00
Year-over-Year Change
7.77%
Date Range
1/1/1961 - 1/1/2025
Summary
Nominal Gross Fixed Capital Formation for Canada measures the value of investments in fixed assets such as buildings, machinery, and equipment. It is a key indicator of a country's economic health and future productive capacity.
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
Gross fixed capital formation (GFCF) represents the acquisition of produced assets, including fixed assets, such as buildings, machinery, equipment, and intellectual property products. The nominal GFCF for Canada is a vital economic metric used to assess investment and growth trends.
Methodology
The data is collected by Statistics Canada through surveys of businesses and government agencies.
Historical Context
GFCF is closely watched by policymakers, economists, and investors as it signals the level of confidence in the Canadian economy and future production potential.
Key Facts
- Canada's nominal GFCF was $337.6 billion in 2021.
- GFCF accounted for 18.5% of Canada's GDP in 2021.
- Investment in machinery and equipment made up 42% of total GFCF in 2021.
FAQs
Q: What does this economic trend measure?
A: Nominal Gross Fixed Capital Formation for Canada measures the total value of investments in fixed assets such as buildings, machinery, equipment, and intellectual property made by businesses, governments, and households.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key indicator of a country's economic health and future productive capacity. It signals the level of confidence and investment in the Canadian economy, which is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers use GFCF data to assess the overall investment climate and make decisions on fiscal and monetary policies to promote economic growth and productivity.
Q: Are there update delays or limitations?
A: The GFCF data for Canada is published quarterly with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Nominal Gross Fixed Capital Formation for Canada (NFISAXDCCAQ), retrieved from FRED.