Nominal Exports of Goods and Services for Canada
NXSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265,992.00
Year-over-Year Change
17.06%
Date Range
1/1/1961 - 1/1/2025
Summary
The Nominal Exports of Goods and Services for Canada measures the total value of all goods and services exported from Canada. This metric is a key indicator of a country's trade activity and global economic engagement.
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 Nominal Exports of Goods and Services for Canada tracks the monetary value of all exported Canadian products and services. It is a widely followed economic indicator that provides insight into a country's international trade dynamics and competitiveness.
Methodology
This data is collected and calculated by Statistics Canada based on surveys and customs records.
Historical Context
Policymakers and analysts use this metric to assess Canada's trade balance, economic performance, and global market positioning.
Key Facts
- Canada is the 10th largest exporter globally.
- Services make up around 40% of Canada's total exports.
- Machinery and equipment are Canada's top export commodities.
FAQs
Q: What does this economic trend measure?
A: The Nominal Exports of Goods and Services for Canada tracks the total monetary value of all products and services exported from the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into Canada's trade activity, global competitiveness, and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Canada's trade balance, economic growth, and global market positioning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag.
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General Government Revenue for Canada
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Citation
U.S. Federal Reserve, Nominal Exports of Goods and Services for Canada (NXSAXDCCAQ), retrieved from FRED.