Value of Total Retail Trade sales for Canada
SLRTTO02CAA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,251,993,750.00
Year-over-Year Change
67.45%
Date Range
1/1/1960 - 1/1/2022
Summary
The Value of Total Retail Trade sales for Canada measures the total value of retail sales transactions in the Canadian economy. This metric is a key indicator of consumer spending and economic activity.
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 Value of Total Retail Trade sales for Canada represents the total dollar value of all retail sales transactions conducted in the country. It is a broad measure of consumer demand and a leading indicator of overall economic health.
Methodology
The data is collected through surveys of Canadian retail businesses and compiled by Statistics Canada.
Historical Context
Retail sales trends are closely monitored by policymakers, analysts, and businesses to gauge the strength of consumer spending and make informed economic decisions.
Key Facts
- Canada's retail sales reached a record high of $61.8 billion in December 2022.
- Retail sales account for approximately 50% of Canada's total economic output.
- The COVID-19 pandemic caused a significant decline in Canadian retail sales in 2020, but the sector has since rebounded.
FAQs
Q: What does this economic trend measure?
A: The Value of Total Retail Trade sales for Canada measures the total value of all retail sales transactions conducted in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer spending and economic activity, making this trend highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian retail businesses and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: Retail sales trends are closely monitored by policymakers to gauge the strength of consumer spending and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of several weeks. There may be revisions to the data over time as more information becomes available.
Related Trends
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Leading Indicators OECD: Component series: Construction: Original series for Canada
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Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Canada
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Citation
U.S. Federal Reserve, Value of Total Retail Trade sales for Canada (SLRTTO02CAA189N), retrieved from FRED.