National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Canada
Index 2015=100, Annual
NAEXKP03CAA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.31
Year-over-Year Change
23.08%
Date Range
1/1/1961 - 1/1/2022
Summary
This economic trend measures the annual index of real gross domestic product (GDP) per capita in Canada, with 2015 as the base year. It provides insight into the country's economic growth and living standards.
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 trend tracks the real GDP per capita in Canada, adjusted for inflation and population changes. It serves as an important indicator of a country's economic performance and living standards over time.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts and population data.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess Canada's economic development and inform policy decisions.
Key Facts
- Canada's real GDP per capita index was 100 in 2015.
- The index increased to 104.47 in 2020, indicating economic growth.
- Real GDP per capita is a key measure of a country's economic well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual index of real gross domestic product (GDP) per capita in Canada, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Canada's economic growth and living standards, which are crucial for policymakers and analysts to assess the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts and population data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and analysts to assess Canada's economic development and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP03CAA661S), retrieved from FRED.