Real Exports of Goods for Canada
NXGRXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
568,962.60
Year-over-Year Change
18.09%
Date Range
1/1/1961 - 1/1/2024
Summary
The Real Exports of Goods for Canada measures the total volume of goods exported from Canada, adjusted for inflation. It serves as an important indicator of the country's trade performance and international competitiveness.
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 economic trend provides insights into Canada's export activity, which is a key driver of economic growth and a gauge of the nation's trade position. It is closely monitored by policymakers, analysts, and businesses to understand the dynamics of Canada's international trade.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of Canadian exporters.
Historical Context
Real Exports of Goods for Canada is a critical input for assessing the health of the Canadian economy and informing trade and monetary policy decisions.
Key Facts
- Canada is the United States' largest trading partner.
- Real Exports of Goods for Canada reached a record high in 2021.
- The COVID-19 pandemic significantly disrupted global trade flows.
FAQs
Q: What does this economic trend measure?
A: The Real Exports of Goods for Canada measures the total volume of goods exported from Canada, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Canada's trade performance and international competitiveness, which are crucial for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of Canadian exporters.
Q: How is this trend used in economic policy?
A: Real Exports of Goods for Canada is a critical input for assessing the health of the Canadian economy and informing trade and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Exports of Goods for Canada (NXGRXDCCAA), retrieved from FRED.