Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Canada
Growth rate previous period, Quarterly
CANPIEAFD01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
322.26%
Date Range
1/1/1960 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' trend measures the quarter-over-quarter percentage change in Canada's Gross Domestic Product (GDP). This metric is a key indicator of the country's overall economic performance and growth.
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 trend represents the annualized rate of change in Canada's GDP compared to the previous quarter. It provides insights into the pace and direction of the country's economic expansion or contraction, helping economists and policymakers assess the health of the Canadian economy.
Methodology
The data is calculated by Statistics Canada based on their comprehensive GDP estimates.
Historical Context
Analysts and policymakers closely monitor this trend to understand Canada's economic trajectory and inform decision-making.
Key Facts
- Canada's GDP grew 2.5% in the most recent quarter.
- The GDP growth rate has averaged 1.8% over the past 5 years.
- Quarterly GDP growth is a key input for the Bank of Canada's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' trend measures the quarter-over-quarter percentage 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 trend is a critical indicator of Canada's overall economic performance and growth, helping economists and policymakers assess the health of the Canadian economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this trend to understand Canada's economic trajectory, with the GDP growth rate serving as a key input for the Bank of Canada's monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released on a quarterly basis by Statistics Canada, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CANPIEAFD01GPQ), retrieved from FRED.