Government Final Consumption Expenditure in Canada
CANGFCEQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520,170,000,000.00
Year-over-Year Change
6.61%
Date Range
1/1/1961 - 1/1/2024
Summary
The Government Final Consumption Expenditure in Canada measures the total spending by all levels of government on goods and services. This metric is a key indicator of the size and role of the public sector in 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 indicator tracks the value of all expenditures made by federal, provincial, and local governments on final consumption of goods and services. It represents a significant portion of Canada's gross domestic product and is closely monitored by economists and policymakers.
Methodology
The data is collected and calculated by Statistics Canada through surveys and administrative sources.
Historical Context
Government spending levels can influence economic growth, inflation, and other macroeconomic outcomes, making this metric highly relevant for fiscal and monetary policy analysis.
Key Facts
- Government spending accounts for over 20% of Canada's GDP.
- Canada's government expenditure has grown by an average of 3% annually over the past decade.
- Increased government spending is often used to stimulate the economy during recessions.
FAQs
Q: What does this economic trend measure?
A: The Government Final Consumption Expenditure in Canada tracks the total spending by all levels of government on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as government spending can significantly impact economic growth, inflation, and other macroeconomic outcomes.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Government spending levels are a key consideration for fiscal and monetary policy, as they can influence overall economic conditions.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a short lag, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Government Final Consumption Expenditure in Canada (CANGFCEQDSNAQ), retrieved from FRED.