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Canadian National Income Trends
Data Science and Analytics
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About
Exploring Canada's Per Capita Income: Unveiling Economic Trends and Progression. This valuable collection features per capita income data for Canada, offering insights into the country's economic progression across multiple years. Sourced from reputable economic databases and governmental records, this data product is designed to facilitate informed decision-making and foster a deeper understanding of income dynamics over time. It is a key resource for studying economic change and growth prediction in the Canadian context.
Columns
The data file,
Canada_per_capita_income.csv, contains two primary columns:- year: Indicates the year corresponding to the income measurement. The values span from 1970 up to 2016.
- income: The corresponding per capita income value, measured in dollars. Values range significantly, with a minimum recorded income of approximately 3.4k and a maximum of around 42.7k.
Distribution
This economic data is presented in a CSV file format and totals 806 bytes in size. The structure features two columns and includes 47 valid records, covering the entire period without any missing or mismatched data points. The time variable (
year) has a mean of approximately 1993, while the income variable has a mean of approximately 18.9k, with a standard deviation of 11.9k, indicating a wide spread of income figures over the recorded period.Usage
This data product is ideally suited for:
- Economic Analysis: Investigating historical income trends and economic shifts in Canada.
- Forecasting and Modelling: Applying techniques like Linear Regression to predict future per capita income growth.
- Research Projects: Supporting academic research focused on Canadian macroeconomics.
- Data Science Practice: Utilising the clean, structured data for exercises in data handling (e.g., using pandas).
Coverage
The data is strictly focused on Canada. The time scope extends from 1970 through 2016, capturing 47 years of annual data. The expected update frequency for this type of data is annually.
License
CC0: Public Domain
Who Can Use It
The primary intended users for this economic dataset include:
- Analysts: For charting and interpreting long-term economic trajectories.
- Researchers: To support studies requiring reliable governmental economic figures.
- Policymakers: To inform discussions and planning related to national income and economic strategy.
- Students/Data Practitioners: For educational purposes, learning economic modelling, and general data exploration.
Dataset Name Suggestions
- Canada Per Capita Income Annual Data (1970–2016)
- Canadian National Income Trends
- Annual Per Capita Income Prediction Data
Attributes
Original Data Source: Canadian National Income Trends
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