National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Canada
CANGFCFQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166,147,000,000.00
Year-over-Year Change
25.65%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic indicator measures gross fixed capital formation (GFCF) in Canada, which represents investments in fixed assets like buildings, machinery, and equipment. It is a key component of GDP and a vital indicator of economic growth and investment.
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
Gross fixed capital formation (GFCF) is a measure of the total value of a country's fixed assets, such as residential and non-residential buildings, machinery, and equipment. It is considered a leading indicator of economic activity and an important component of gross domestic product (GDP).
Methodology
The data is collected and calculated by Statistics Canada based on surveys of businesses and other economic entities.
Historical Context
GFCF data is closely monitored by policymakers, economists, and investors to assess the strength of the Canadian economy and prospects for future growth.
Key Facts
- GFCF accounts for over 20% of Canada's GDP.
- Investment in machinery and equipment makes up the largest share of GFCF.
- GFCF data is released quarterly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This indicator measures gross fixed capital formation (GFCF) in Canada, which represents the total value of a country's investments in fixed assets such as buildings, machinery, and equipment.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key component of GDP and a vital indicator of economic growth and investment activity, making it closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of businesses and other economic entities.
Q: How is this trend used in economic policy?
A: GFCF data is used by policymakers, economists, and investors to assess the strength of the Canadian economy and prospects for future growth, informing decisions on fiscal, monetary, and investment strategies.
Q: Are there update delays or limitations?
A: The GFCF data is released quarterly by Statistics Canada, with a typical lag of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Canada (CANGFCFQDSMEI), retrieved from FRED.