National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Canada
NAEXKP04CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,756,500,000.00
Year-over-Year Change
1.59%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic series measures gross fixed capital formation (GFCF) in Canada, a key component of GDP. GFCF tracks investment in fixed assets like machinery, equipment, and structures, providing insights into economic growth and productivity.
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) represents the acquisition of produced assets, including machinery, equipment, and construction of infrastructure and buildings. As a major expenditure category of GDP, GFCF is a vital indicator of an economy's investment activity and future productive capacity.
Methodology
The data is collected and calculated by Statistics Canada based on national accounts.
Historical Context
GFCF is closely monitored by policymakers, economists, and investors to assess the health of the Canadian economy and prospects for future growth.
Key Facts
- GFCF accounts for around 20% of Canada's GDP.
- Investment in machinery and equipment makes up over 50% of total GFCF.
- GFCF growth is a leading indicator of future economic performance.
FAQs
Q: What does this economic trend measure?
A: This series measures gross fixed capital formation (GFCF) in Canada, which represents investment in fixed assets like machinery, equipment, and structures.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key component of GDP and a vital indicator of an economy's investment activity and future productive capacity, 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 national accounts.
Q: How is this trend used in economic policy?
A: GFCF is closely monitored by policymakers to assess the health of the Canadian economy and prospects for future growth.
Q: Are there update delays or limitations?
A: The GFCF data is released on a quarterly basis by Statistics Canada with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Canada (NAEXKP04CAQ189S), retrieved from FRED.