Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Canada
Contribution to growth rate, over 1 year, Monthly, Not Seasonally Adjusted
CANCPALTT01CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.38
Year-over-Year Change
-16.70%
Date Range
12/1/2015 - 3/1/2025
Summary
This economic trend measures the contribution to the annual growth rate of total domestic output. It provides insights into the drivers of economic growth over a 12-month period.
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 contribution to growth rate metric breaks down the overall change in GDP into the contributions from various expenditure components, such as consumer spending, investment, and trade. This data helps economists and policymakers understand the sources of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the national income and product accounts.
Historical Context
This metric is closely watched by analysts and policymakers to assess the underlying dynamics of the economy.
Key Facts
- The metric is reported monthly by the U.S. Bureau of Economic Analysis.
- Positive values indicate a contribution to GDP growth, while negative values indicate a drag on growth.
- Analyzing the components' contributions can provide insights into the drivers of economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric measures the contribution of various expenditure components, such as consumer spending, investment, and trade, to the annual growth rate of total domestic output or GDP.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers understand the sources of economic expansion or contraction, which is crucial for informing economic policies and forecasting future growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the national income and product accounts.
Q: How is this trend used in economic policy?
A: This metric is closely watched by analysts and policymakers to assess the underlying dynamics of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is reported monthly by the U.S. Bureau of Economic Analysis, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year, Monthly, Not Seasonally Adjusted (CANCPALTT01CTGYM), retrieved from FRED.