Nominal Final Consumption Expenditure for Canada
NCNSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
596,171.00
Year-over-Year Change
18.92%
Date Range
1/1/1961 - 1/1/2025
Summary
Nominal Final Consumption Expenditure for Canada measures the total spending on consumer goods and services by Canadian households and governments. It is a key indicator of economic activity and consumer demand.
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
This metric represents the total value of all final consumption of goods and services by Canadian residents, both household and government. It is a widely tracked indicator used by economists and policymakers to gauge the health of the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada through surveys and national accounts.
Historical Context
Trends in final consumption expenditure provide insights into consumer confidence, inflationary pressures, and the overall state of the Canadian economy.
Key Facts
- Canada's nominal final consumption expenditure was $1.44 trillion in 2021.
- Consumer spending accounts for over 50% of Canada's GDP.
- Nominal consumption expenditure has grown by an average of 3.7% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total spending on consumer goods and services by Canadian households and governments, providing a gauge of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in nominal final consumption expenditure are closely watched by economists, policymakers, and investors as an indicator of the overall health and direction of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys and national accounts.
Q: How is this trend used in economic policy?
A: Consumption expenditure data is used by the Bank of Canada and other policymakers to assess inflationary pressures, consumer confidence, and the overall state of the economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for Canada (NCNSAXDCCAQ), retrieved from FRED.