National accounts and Gross Domestic Product

Description: This product contains articles related to the latest methodological, conceptual developments in the Canadian System of Macroeconomic Accounts as well as the analysis of the Canadian economy. It includes articles detailing new methods, concepts and statistical techniques used to compile the Canadian System of Macroeconomic Accounts. It also includes information related to new or expanded data products, provides updates and supplements to information found in various guides and analytical articles touching upon a broad range of topics related to the Canadian economy.

Description: The Gross Domestic Product by Income and by Expenditure Accounts record the production of goods and services in the economy, the incomes arising from this production, expenditures on production and the resulting saving (dissaving) and investment. This interactive tool facilitates easy access to the numerous data sets in these accounts. The tool highlights the latest results with time series for certain components.

Description: Release published in The Daily – Statistics Canada’s official release bulletin

Description: Quarterly income-based gross domestic product, Canada.

Description: Quarterly expenditure-based, gross domestic product, Canada, in chained (2017) and current dollars.

Description: Quarterly indexes and contributions to percent change of real gross domestic product, real gross domestic income, terms of trade and other statistics, 2017=100.

Description: Quarterly fixed-weighted price and implicit price indexes and contributions to percent change in implicit price indexes for expenditure-based gross domestic product, Canada, 2017 = 100.

Description: Quarterly household final consumption expenditure components in chained (2017) and current dollars.

Description: Quarterly gross fixed capital formation components in chained (2017), current dollars and contribution to percent change.

Description: Quarterly investment in inventories components in chained (2017) and current dollars.

Description:

This table contains 116 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Newfoundland and Labrador; Nova Scotia; New Brunswick; Prince Edward Island ...), Pension plan (2 items: Canada Pension Plan (CPP); Quebec Pension Plan (QPP) ...), Revenue and expenditure (8 items: Total revenue; Total current expenditure; Direct taxes from persons; Investment income ...).

Description:

This table contains 177 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Newfoundland and Labrador; Prince Edward Island; New Brunswick; Nova Scotia ...), Direct taxes, components (14 items: Total; all direct taxes; Income taxes; Succession duties and estate taxes; Total; federal direct taxes; persons ...).

Description:

This table contains 351 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Newfoundland and Labrador; Prince Edward Island; Nova Scotia; New Brunswick ...), Direct taxes, components (27 items: Total; Customs import duties; Total; federal; Excise duties ...).

Description:

This table contains 104 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Newfoundland and Labrador; Prince Edward Island; New Brunswick; Nova Scotia ...), Current transfers (8 items: Transfers to federal government; Total transfers to provincial government; Total current transfers; Motor vehicle licenses and permits ...).

Description:

This table contains 222 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Newfoundland and Labrador; Prince Edward Island; Nova Scotia; New Brunswick ...), Government investment income (18 items: Total; government investment income; Interest on government-held public funds; Interest on loans; advances and investments; Total federal government investment income ...).

Description:

This table contains 343 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Newfoundland and Labrador; Nova Scotia; Prince Edward Island ...), Government transfer payments (25 items: Total; all government transfer payments to persons; Total federal transfer payments; Family and youth allowances; Pensions; World Wars I and II ...).

Description:

This table contains 252 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Canada; Newfoundland and Labrador; Nova Scotia; Prince Edward Island ...), Government transfer payments to business (18 items: Total subsidies; Total federal subsidies; Federal subsidies; other; Federal subsidies; agricultural ...).

Description:

This table contains 393 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2007-01-16. This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Newfoundland and Labrador; Prince Edward Island; New Brunswick; Nova Scotia ...), Current transfers (31 items: Total; all transfers; Total federal transfers to provinces; Old age and blind pensions; Total federal transfers to other levels of government ...).

Description:

This table contains 231 series, with data for years 1961-1980 (not all combinations necessarily have data for all years), and was last released on 2006-10-06. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia ...), Sources and disposition of personal income (16 items: Equals: personal saving; Wages; salaries and supplementary labour income; Equals: personal income; Equals: personal disposable income ...).

Description: This table contains 8955 series, with data for years 1992 - 1999 (not all combinations necessarily have data for all years), and was last released on 2001-04-20. This table contains data described by the following dimensions (Not all combinations are available): Geography (16 items: Canada;Newfoundland and Labrador;Prince Edward Island;Nova Scotia ...), Trade flow detail (23 items: Total supply and demand;Total demand;To Newfoundland and Labrador;Total supply ...), Goods and services (54 items: Grains;Other agricultural products;Forestry products;Fish; seafood and trapping products ...).

Description:

In the past, the Bank of Canada (the Bank) and Statistics Canada both produced aggregate measures of borrowing, or credit, for sectors of the Canadian economy. The Statistics Canada measures were on a quarterly basis as part of the National Balance Sheet Accounts (NBSA) whereas the Bank of Canada published monthly statistics. While both estimates are drawn from the same data sources and paint a similar picture of the indebtedness of Canadian households and non-financial businesses, some reconcilable differences existed in the aggregate measures. Starting in December 2020 Statistics Canada will be producing monthly estimates that will be integrated into the larger NBSA framework. This will provide users with a single and consistent set of monthly estimates that align with the internationally recognized national accounting principles detailed in the United Nations System of National Accounts This guide will serve as a review of the historical differences between each organization's credit aggregates, the conceptual and statistical changes that will occur as a result of the integration of monthly estimates within the NBSA, and a detailed overview of the methods that will be employed to estimate the outstanding credit debt of households and non-financial private corporations by lending sector.

Description: Release published in The Daily – Statistics Canada’s official release bulletin

Description:

This article describes revisions to the Gross Domestic Product (GDP) by Income and by Expenditure Accounts for the 2017 to 2019 period. These data were released at the same time as the 2019 Provincial and Territorial Economic Accounts estimates, which include revisions to the time series. The first two quarters of 2020 are also revised. However, in accordance with standard revision practice, these estimates will continue to be revised during upcoming cycles. Therefore, they are not included in the analysis in this article.

Description:

This article summarizes notable changes in output and employment over the first few months of the reopening period, focusing on the unevenness of the economic recovery across industrial sectors and population groups. It also highlights monthly data on business openings and closures in the late spring as COVID-related restrictions continued to ease.

Description:

This special article in the Economic Insights series provides a concise overview of the lifting of restrictions on social and economic activity that were implemented as Canada and other countries sought to contain the COVID-19 pandemic. Intended to support ongoing analysis of the economic impacts of COVID-19, the article provides contextual information on these restrictions, compiled from publicly available sources.

Description: Release published in The Daily – Statistics Canada’s official release bulletin

Description:

This article in the Economic Insights series reports on a set of experimental monthly economic activity indexes that have been estimated for the provinces and territories up to March 2020. The COVID-19 pandemic has accentuated the need for timely information on aggregate economic activity with more geographical detail. This article describes how more timely economic data can be summarized in indexes that generally reflect the broad movements of the provincial and territorial economies.

Description:

This documentation outlines the methodology used to develop the Distributions of household economic accounts published in June 2020 for the reference years 2010 to 2019. It describes the framework and the steps implemented to produce distributional information aligned with the National balance sheet accounts and other national accounts concepts. It also includes a report on the quality of the estimated distributions.

Description:

This article in the Economic Insights series highlights sudden changes in economic conditions as households and businesses were adjusting to social and economic restrictions intended to contain the spread of COVID-19. It is the second in a series of articles that provides integrated analysis of the economic impacts of COVID-19 as new data and information become available.

Description:

Since March, Canadian governments, federal, provincial and local, along with their associated government business enterprises, have been implementing a wide range of policy measures to address the COVID-19 pandemic. Many of these measures are economic in nature, taking the form of financial transfers and concessional loans to individuals, businesses and other groups. These actions will be reflected in the national accounts estimates for March and subsequent months, quarters and years. This paper outlines the main policy measures of an economic nature and identifies where their effects will be seen in the accounts.

Description:

Oil and gas exploration, development and production activities continue to grow in importance, making it essential that the appropriate level and growth of these activities are included in the measure of Gross Domestic Product (GDP). Statistics Canada recently began incorporating results from the Quarterly Survey of Capital Expenditures – Oil and Gas Activities in sub-annual GDP statistics (for years 2011, 2013, 2014). This note provides a brief overview of the survey and the incorporation of its results when estimating quarterly investment.

Description:

Canadian international merchandise trade data are released monthly and may be revised in subsequent releases as new information becomes available. These data are released approximately 35 days following the close of the reference period and represent one of the timeliest economic indicators produced by Statistics Canada. Given their timeliness, some of the data are not received in time and need to be estimated or modelled. This is the case for imports and exports of crude petroleum and natural gas. More specifically, at the time of release, energy trade data are based on an incomplete set of information and are revised as Statistics Canada and National Energy Board information becomes available in the subsequent months. Due to the increasing importance of energy imports and exports and the timeliness of the data, the revisions to energy prices and volumes are having an increasingly significant impact on the monthly revision to Canada’s trade balance. This note explains how the estimates in the initial release are made when data sources are not yet available, and how the original data are adjusted in subsequent releases.

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This is an update of the 2009 article Revisions to international merchandise trade statistics, accounting for changes resulting from increased timeliness in the release of merchandise trade statistics.

Description:

Statistical revisions are regularly applied to the Canadian System of Macroeconomic Accounts in order to incorporate the most current information from censuses, annual surveys, administrative statistics, public accounts, etc., and to implement improved estimation methods. Statistics Canada also conducts more comprehensive revisions to the Canadian System of Macroeconomic Accounts, which generally reflect new concepts, accounting treatments or methods. This paper outlines the scheduled revisions planned for 2013 to 2015.

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This note provides users with a reconciliation between Canadian and American measures of household disposable income, debt and the household credit market debt to disposable income ratio.

Description:

Macroeconomic data for Canada, including Canada's National Accounts (gross domestic product (GDP), saving and net worth), Balance of International Payments (current and capital account surplus or deficit and International Investment Position) and Government Financial Statistics (government deficit and debt) are based on international standards. These international standards are set on a coordinated basis by international organizations including the United Nations, the Organisation for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), the World Bank and Eurostat, with input from experts around the world. Canada has always played an important role in the development and updating of these standards as they have transformed from the crude guidelines of the early to mid 20th century to the fully articulated standards that exist today.

The purpose of this document is to introduce a new presentation of the quarterly National Accounts (Income and Expenditure Accounts, Financial Flow Accounts and National Balance Sheet Accounts) that will be published with the conversion of the Canadian National Accounts to the latest international standard - System of National Accounts 2008.

Description:

This paper provides a preview of the comprehensive (historical) revision of the Canadian System National Accounts to be released beginning in June 2012. The last revision of this scope took place in 1997. The paper highlights the changes resulting from the adoption of SNA2008 which is the revised international standard for national accounting, along with statistical revisions arising from new and improved source data and methodologies. Updates to the classification systems used in the Canadian System of National Accounts are also presented along with a list of changes planned for 2014.

Description:

This note provides a brief explanation of the impact that the transition from reporting financial statements under Canadian Generally Accepted Accounting Principles (CGAAP) to the new, internationally unified financial accounting framework of the International Financial Reporting Standards (IFRS) will have on the Canadian Financial Flow Accounts and the National Balance Sheet Accounts estimates.

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This paper presents the background, methodological change and implementation of the revised real import and export adjustments that account for exchange rate fluctuations.

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This article discusses the revision policy of the Canadian System of National Accounts