Real Exports of Goods and Services for Canada
NXRSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189,056.30
Year-over-Year Change
11.88%
Date Range
1/1/1961 - 1/1/2025
Summary
The Real Exports of Goods and Services for Canada measures the total volume of goods and services exported from Canada, adjusted for inflation. This economic indicator provides insight into Canada's trade balance and global economic competitiveness.
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 series represents the real, or inflation-adjusted, value of exports of goods and services from the Canadian economy. It is a key metric used by economists and policymakers to assess the health of Canada's external trade sector and overall economic performance.
Methodology
The data is collected and calculated by Statistics Canada based on surveys and administrative records.
Historical Context
Trends in real exports are closely monitored by the Bank of Canada and other institutions to inform monetary and trade policy decisions.
Key Facts
- Canada is the 9th largest exporter globally.
- Real exports account for over 30% of Canada's GDP.
- The COVID-19 pandemic caused a sharp decline in Canadian real exports in 2020.
FAQs
Q: What does this economic trend measure?
A: The Real Exports of Goods and Services for Canada measures the total volume of goods and services exported from the Canadian economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Canada's trade balance, global competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Trends in real exports are closely monitored by the Bank of Canada and other institutions to inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: There can be a several month lag in the reporting of this data due to the time required for collection and analysis.
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Citation
U.S. Federal Reserve, Real Exports of Goods and Services for Canada (NXRSAXDCCAQ), retrieved from FRED.