Study: Canada's quarterly natural resource wealth
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Released: 2017-05-30
Natural resources continue to play an important role in the Canadian economy.
Canada's natural resource asset accounts help show a broader dimension to Canada's national wealth by calculating the economic value of natural resource stocks including energy resources, mineral resources, and timber.
In the fourth quarter of 2016, non-produced non-financial assets, which is the sum of land and natural resources, represented 41.8% of Canada's total non-financial assets. Specifically, natural resources represented 7.1% of total non-produced non-financial assets. From the first quarter of 1990 to the fourth quarter in 2016, the average contribution of natural resources was 19.4% of total non-produced non-financial assets.
This article "Canada's quarterly natural resource wealth" summarizes the methods used to integrate the value of selected natural resource assets into Canada's quarterly national balance sheet accounts, one of the first countries to do so. It also explains the need to incorporate natural resource assets to provide a more comprehensive picture of Canada's wealth.
Products
The article, "Canada's quarterly natural resource wealth," is now available online in EnviroStats, Vol. 11, no. 1 (16-002-X).
More details are also available in CANSIM tables 153-0121, 153-0122 and 378-0121.
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For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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