Consumer Price Index: Transport (COICOP 07): Total for Canada
Growth rate previous period, Quarterly
CANCP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.31
Year-over-Year Change
52.19%
Date Range
4/1/2015 - 7/1/2023
Summary
The growth rate previous period, Quarterly measures the quarter-over-quarter change in Canada's gross domestic product (GDP). This metric is a key indicator of economic performance and helps policymakers assess the overall health 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
This economic trend represents the quarter-over-quarter growth rate of Canada's GDP, providing insights into the pace and direction of the country's economic expansion or contraction. Economists and analysts closely monitor this data to gauge the momentum of the Canadian economy.
Methodology
The data is calculated by Statistics Canada based on official GDP statistics.
Historical Context
The growth rate previous period, Quarterly is used by the Bank of Canada and other institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- Canada's GDP grew 0.8% in the fourth quarter of 2022.
- The growth rate reached a high of 8.9% in the third quarter of 2020.
- This trend has been positive for 7 consecutive quarters as of Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Quarterly measures the quarter-over-quarter change in Canada's gross domestic product (GDP), providing insights into the pace of the country's economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic performance, helping policymakers, economists, and analysts assess the overall health and momentum of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on official GDP statistics.
Q: How is this trend used in economic policy?
A: The growth rate previous period, Quarterly is used by the Bank of Canada and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CANCP070000GPQ), retrieved from FRED.