Balance of Payments: Goods: Expenditure for Canada
CANB6DBTD01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,618,000,000.00
Year-over-Year Change
18.29%
Date Range
1/1/1981 - 10/1/2024
Summary
The 'Balance of Payments: Goods: Expenditure for Canada' series measures Canada's expenditure on goods trade with the United States. This metric is a key indicator of Canada's trade position and economic performance.
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 tracks Canada's expenditure on goods imports from and exports to the United States. It provides insights into the country's trade balance and competitiveness, which are crucial factors for economic policymakers and analysts.
Methodology
The data is collected by Statistics Canada through surveys of Canadian importers and exporters.
Historical Context
Policymakers and economists use this trend to monitor Canada's trade activity and assess the impact on the overall economy.
Key Facts
- Canada is the United States' largest trading partner.
- The goods trade balance is a key component of Canada's overall balance of payments.
- Expenditure on goods trade has implications for Canada's economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures Canada's expenditure on goods traded with the United States, including both imports and exports.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Canada's trade position and competitiveness, which are crucial factors for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys of Canadian importers and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor Canada's trade activity and assess the impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Canada (CANB6DBTD01NCCUSAQ), retrieved from FRED.