National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Canada
NAEXKP03CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130,519,250,000.00
Year-over-Year Change
10.00%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Canada, adjusting for inflation. It is a key component of the country's gross domestic product (GDP) and an important indicator of fiscal policy and public sector activity.
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
Government final consumption expenditure represents the value of goods and services consumed by the public sector. It is a crucial factor in assessing the role of government in the Canadian economy and evaluating fiscal policy objectives.
Methodology
This data is collected and calculated by Statistics Canada based on national accounts and expenditure surveys.
Historical Context
Policymakers and economists use this indicator to analyze the government's contribution to economic growth and the overall fiscal stance.
Key Facts
- Government final consumption expenditure was 20.4% of Canada's GDP in 2021.
- This indicator has grown at an average annual rate of 1.7% over the past decade.
- Real government consumption expenditure increased by 3.2% in 2020 due to pandemic-related stimulus measures.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Canada, which represents the value of goods and services consumed by the public sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing the role of government in the Canadian economy and evaluating fiscal policy objectives.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on national accounts and expenditure surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze the government's contribution to economic growth and the overall fiscal stance.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Canada (NAEXKP03CAQ189S), retrieved from FRED.