Real General Government Final Consumption Expenditure for Canada
Annual, Not Seasonally Adjusted
NCGGRXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
540,241.10
Year-over-Year Change
28.11%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the gross value added by the nonfinancial corporate sector of the U.S. economy. This metric provides insight into the overall health and productivity of the private, non-financial business sector.
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 'Annual, Not Seasonally Adjusted' series represents the nominal dollar value of goods and services produced by U.S. nonfinancial corporations, excluding the effects of seasonal variations. It serves as a key indicator of economic growth and business activity.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Historical Context
Policymakers and analysts use this trend to assess the broader performance of the private, non-financial business sector.
Key Facts
- Measured in nominal dollars, not adjusted for inflation.
- Excludes the financial sector, which is reported separately.
- Often used as a proxy for overall private sector economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the gross value added by the nonfinancial corporate sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and productivity of the private, non-financial business sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the broader performance of the private, non-financial business sector, which is crucial for understanding the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is released annually and may have a delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCGGRXDCCAA), retrieved from FRED.