Gross Domestic Product Deflator for Canada
NGDPDSAIXCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.45
Year-over-Year Change
8.36%
Date Range
1/1/1961 - 1/1/2025
Summary
The Gross Domestic Product (GDP) Deflator for Canada measures the rate of change in prices for all goods and services produced within the Canadian economy. It is a key indicator of domestic price inflation.
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
The GDP Deflator is a comprehensive measure of price changes in the Canadian economy. It tracks the prices of all final goods and services produced, not just consumer prices. The Deflator is used to adjust nominal GDP for inflation, providing a more accurate picture of real economic growth.
Methodology
The GDP Deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Historical Context
The GDP Deflator is closely monitored by the Bank of Canada and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The GDP Deflator covers a broader set of prices than the Consumer Price Index (CPI).
- Canada's GDP Deflator has increased by an average of 2.1% annually over the past decade.
- The GDP Deflator is less volatile than the CPI due to its comprehensive nature.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator measures the overall rate of price change for all goods and services produced in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator provides a more comprehensive measure of domestic inflation than the CPI, making it a key indicator for assessing the state of the Canadian economy.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Q: How is this trend used in economic policy?
A: The GDP Deflator is closely monitored by the Bank of Canada and other policymakers to evaluate inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP Deflator data is published quarterly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product Deflator for Canada (NGDPDSAIXCAQ), retrieved from FRED.