Nominal Total Credit to General Government, Adjusted for Breaks, for Canada
QCAGANUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,090.35
Year-over-Year Change
4.10%
Date Range
1/1/1990 - 10/1/2024
Summary
The Nominal Total Credit to General Government, Adjusted for Breaks, for Canada measures the total credit extended to the Canadian government, adjusted for statistical breaks. This metric is important for economists and policymakers to assess the government's financial position and fiscal sustainability.
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 series represents the total outstanding credit extended to the Canadian federal, provincial, and local governments. It includes loans, debt securities, and other forms of credit. The data is adjusted to account for any statistical breaks or changes in methodology over time, providing a more consistent historical trend.
Methodology
The data is collected and published by the Bank of Canada and the Canadian Department of Finance.
Historical Context
This indicator is used by economists, analysts, and policymakers to monitor the government's debt levels, borrowing, and overall fiscal health.
Key Facts
- Canada's total government credit reached a high of $2.4 trillion in 2021.
- Government credit as a percentage of GDP increased from 85% in 2019 to 112% in 2020.
- The COVID-19 pandemic led to a significant increase in government borrowing to fund economic support measures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to the Canadian federal, provincial, and local governments, including loans, debt securities, and other forms of credit.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the government's financial position, debt levels, and fiscal sustainability, which are key considerations for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the Bank of Canada and the Canadian Department of Finance.
Q: How is this trend used in economic policy?
A: This indicator is used by economists, analysts, and policymakers to monitor the government's debt levels, borrowing, and overall fiscal health, which inform policy decisions related to taxation, spending, and debt management.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required to collect and process the information from various government sources.
Related Trends
People 15 Years and Over Saving at a Financial Institution in the Past Year for Canada
DDAI06CAA156NWDB
Producer Prices Index: Economic Activities: Manufacturing: Domestic for Canada
PIEAMP02CAM659N
Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Canada
LREMTTTTCAM156S
General Government Revenue, interest income for Canada
CANGGROPI
Interest Rates, Government Securities, Treasury Bills for Canada
INTGSTCAM193N
Work Started: Construction: Dwellings and Residential Buildings: Total for Canada
WSCNDW01CAA657S
Citation
U.S. Federal Reserve, Nominal Total Credit to General Government, Adjusted for Breaks, for Canada (QCAGANUSDA), retrieved from FRED.