National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Canada
Index 2015=100, Annual
NAEXKP02CAA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.30
Year-over-Year Change
28.31%
Date Range
1/1/1960 - 1/1/2022
Summary
The Index 2015=100, Annual measures the level of a country's real gross domestic product (GDP) adjusted for inflation, using 2015 as the base year. This key economic indicator provides insights into a nation'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
The Index 2015=100, Annual tracks a country's real GDP, which is the total value of all goods and services produced within that country, adjusted for changes in prices. This index allows for comparisons of economic activity over time, helping policymakers and analysts assess a country's economic health and development.
Methodology
The data is collected by national statistical agencies and calculated using established GDP accounting methods.
Historical Context
This index is widely used by economists, policymakers, and international organizations to monitor economic conditions and inform policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- The index measures the volume of goods and services produced, not their monetary value.
- Changes in the index reflect real economic growth, not just inflation.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual measures a country's real gross domestic product (GDP), which is the total value of all goods and services produced, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides a reliable indicator of a country's overall economic performance and growth, which is crucial for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and calculated using established GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations utilize this index to monitor economic conditions and inform policy decisions that promote sustainable economic growth.
Q: Are there update delays or limitations?
A: The index is updated annually, and there may be some lag in the data availability compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP02CAA661S), retrieved from FRED.