Total Credit to General Government, Adjusted for Breaks, for Canada
Billions of Canadian Dollars
QCAGAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,901.43
Year-over-Year Change
8.11%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'Billions of Canadian Dollars' trend measures the total value of goods and services produced in Canada, expressed in billions of Canadian dollars. This key economic indicator is crucial for assessing the overall health and growth of the Canadian economy.
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 'Billions of Canadian Dollars' series represents the gross domestic product (GDP) of Canada, which is the total monetary value of all finished goods and services produced within the country's borders over a specific time period. GDP is a widely used metric for evaluating a nation's economic performance and standard of living.
Methodology
The data is collected and calculated by Statistics Canada, the country's national statistical agency.
Historical Context
GDP figures are closely monitored by policymakers, analysts, and investors to gauge the strength of the Canadian economy and inform economic and financial decision-making.
Key Facts
- Canada's GDP reached a record high of CAD 2.13 trillion in 2021.
- The Canadian economy contracted by 5.2% in 2020 due to the COVID-19 pandemic.
- Services account for over 60% of Canada's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Canadian Dollars' trend measures the total value of goods and services produced in Canada, expressed in billions of Canadian dollars. This represents the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic performance and is closely monitored by policymakers, analysts, and investors to gauge the strength and growth of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada, the national statistical agency of Canada.
Q: How is this trend used in economic policy?
A: GDP figures are used by policymakers, economists, and institutions to inform economic and financial decision-making, such as monetary policy, fiscal policy, and investment strategies.
Q: Are there update delays or limitations?
A: There may be a delay of several weeks or months between the end of a reporting period and the release of the GDP data by Statistics Canada.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Canada
LREM55TTCAA156N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Canada
LFIN25TTCAA647S
General government gross debt for Canada
GGGDTACAA188N
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Canada
CANCP010000GPM
General Government Net Lending/Borrowing for Canada
CANGGXCNLGDP
Exports of Goods and Services in Canada
CANEXPORTQDSNAQ
Citation
U.S. Federal Reserve, Billions of Canadian Dollars (QCAGAMXDCA), retrieved from FRED.