Balance of Payments: Secondary Income: Revenue for Canada
CANB6CRSI01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,601,654,000.00
Year-over-Year Change
-0.20%
Date Range
1/1/1981 - 10/1/2024
Summary
This economic trend measures Canada's secondary income revenue, which includes things like personal transfers, government current transfers, and investment income. It's an important indicator of Canada's position in global trade and financial flows.
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 Balance of Payments: Secondary Income: Revenue for Canada tracks money flows in and out of the country that are not directly tied to goods or services trade. This metric provides insight into Canada's broader economic relationships and transactions with the rest of the world.
Methodology
The data is collected and reported by Statistics Canada, Canada's national statistical agency.
Historical Context
Policy analysts and economists use this metric to assess Canada's overall economic performance and financial position.
Key Facts
- Secondary income includes personal remittances, taxes, and investment income.
- Canada's secondary income revenue was $39.4 billion in 2021.
- Secondary income is a component of a country's current account balance.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Canada's secondary income revenue, which includes financial transfers, personal remittances, and other non-trade income flows in and out of the country.
Q: Why is this trend relevant for users or analysts?
A: Secondary income is an important indicator of a country's broader economic relationships and financial position in the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Canada, Canada's national statistical agency.
Q: How is this trend used in economic policy?
A: Policy analysts and economists use this metric to assess Canada's overall economic performance and financial standing in relation to the rest of the world.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Balance of Payments: Secondary Income: Revenue for Canada (CANB6CRSI01CXCUSAQ), retrieved from FRED.