Production: Construction: Total for Canada
PRCNTO01CAA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,893,750,000.00
Year-over-Year Change
27.07%
Date Range
1/1/1961 - 1/1/2022
Summary
The 'Production: Construction: Total for Canada' metric measures the total volume of construction activity in Canada. It is a key indicator of economic health and construction industry performance.
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 series tracks the total output of the Canadian construction sector, including residential, commercial, and infrastructure projects. It is used by economists, policymakers, and industry analysts to assess the state of the Canadian economy and construction industry.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of construction companies and administrative records.
Historical Context
The construction industry is a major driver of economic activity, so this metric provides valuable insight into overall economic conditions and trends.
Key Facts
- Canada's construction sector accounts for over 7% of GDP.
- Construction output grew by 3.2% in 2021 after a pandemic-related decline.
- The residential sector makes up about 60% of total construction activity in Canada.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total volume of construction activity in Canada, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a major driver of economic activity, so this metric provides valuable insight into overall economic conditions and trends in Canada.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of construction companies and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state of the Canadian economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a lag of several weeks, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Canada (PRCNTO01CAA189N), retrieved from FRED.