Canada’s Quarterly Natural Resource Wealth - ARCHIVED

Description: Natural resources play an important role in the Canadian economy because their extraction forms a significant component of Canada’s current income. Currently Canada’s natural resource asset accounts include energy resources, mineral resources and timber. The monetary value of a natural resource asset can be derived using several approaches such as market price, replacement cost and the net present value generated from the resource.

This study summarizes the methods used to integrate the value of selected natural resource assets into Canada’s quarterly national balance sheet accounts. It also explains the need to incorporate natural resource assets to provide a more comprehensive picture of Canada’s wealth. Data sources used include the quarterly national balance sheet accounts and the annual natural resource asset accounts.

Issue Number: 2017001