Nominal Households Final Consumption Expenditure for Canada
NCPHISAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
390,840.00
Year-over-Year Change
25.12%
Date Range
1/1/1961 - 7/1/2023
Summary
The Nominal Households Final Consumption Expenditure for Canada measures the total spending by Canadian households on goods and services. It is a key indicator of consumer demand and a critical component of Canada's gross domestic product (GDP).
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 economic indicator represents the market value of all goods and services purchased by Canadian households for personal consumption. It is used by policymakers and analysts to assess the overall health of the Canadian economy and consumer confidence.
Methodology
The data is collected and calculated by Statistics Canada through household surveys and national accounts.
Historical Context
Nominal Households Final Consumption Expenditure is a vital statistic for monitoring consumer spending trends and informing economic and monetary policy decisions.
Key Facts
- Accounts for over 50% of Canada's GDP
- Has grown by an average of 3% annually over the past decade
- Experienced a sharp decline during the COVID-19 pandemic
FAQs
Q: What does this economic trend measure?
A: The Nominal Households Final Consumption Expenditure for Canada measures the total market value of all goods and services purchased by Canadian households for personal consumption.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a critical measure of consumer demand and an important component of Canada's GDP, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Nominal Households Final Consumption Expenditure is used by the Bank of Canada and other policymakers to monitor consumer spending and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a slight delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Sales: Retail Trade: Total Retail Trade: Value for Canada
CANSLRTTO02IXOBSAM
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada
LRIN64TTCAA156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Canada
CPGRLE01CAQ659N
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Canada
LFEAICTTCAA647S
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Canada
CANB6FATT01CXCUQ
Leading Indicators OECD: Component Series: Business Tendencies Survey: Business Situation: Original Series for Canada
CANLOCOBSORSTSAM
Citation
U.S. Federal Reserve, Nominal Households Final Consumption Expenditure for Canada (NCPHISAXDCCAQ), retrieved from FRED.