Real Gross Fixed Capital Formation for Canada
NFIRSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,634.50
Year-over-Year Change
-4.70%
Date Range
1/1/1961 - 1/1/2025
Summary
Real Gross Fixed Capital Formation (GFCF) for Canada measures investments in fixed assets like machinery, equipment, and structures. It's a key indicator of economic growth and business confidence.
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
GFCF represents the value of additions to fixed assets purchased by business, government, and households less disposals of fixed assets. It's an important component of GDP and signals the level of productive investment in the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of businesses and government entities.
Historical Context
GFCF data is closely monitored by policymakers, analysts, and investors to assess the health and direction of the Canadian economy.
Key Facts
- Canada's GFCF grew by 2.9% in 2021.
- GFCF accounts for about 25% of Canada's GDP.
- Investment in machinery and equipment makes up over 40% of total GFCF.
FAQs
Q: What does this economic trend measure?
A: Real Gross Fixed Capital Formation (GFCF) for Canada measures investment in fixed assets like machinery, equipment, and structures by businesses, governments, and households.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key indicator of economic growth and business confidence, providing insight into the level of productive investment in the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of businesses and government entities.
Q: How is this trend used in economic policy?
A: GFCF data is closely monitored by policymakers, analysts, and investors to assess the health and direction of the Canadian economy.
Q: Are there update delays or limitations?
A: The GFCF data is published quarterly by Statistics Canada with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Real Gross Fixed Capital Formation for Canada (NFIRSAXDCCAQ), retrieved from FRED.