National accounts and Gross Domestic Product

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

Description:

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (21 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

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Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (1 item: All households);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

Description:

Household income, consumption and saving and their subcomponents, distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, provinces and territories, 2020 quarter one to current quarter.

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Wealth indicators and distributions, by household characteristics such as income quintile, age, housing tenure and composition, Canada, annual 2010 to 2019 and quarterly starting 2020.

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Wealth indicators and distributions, by household characteristics such as income quintile, age, housing tenure and composition, Canada, regions and provinces, annual 2010 to 2019 and quarterly starting 2020.

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

Description: Gross Domestic Product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, monthly, 5 most recent time periods.

Description: Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, (dollars x 1,000,000), monthly, 5 most recent time periods.

Description: Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, all levels of industries, (dollars x 1,000,000), annual, 5 most recent time periods.

Description: Quarterly current and capital accounts for the general government sector by level of government, including property income, disposable income, net saving and net lending, Canada.

Description: Quarterly current and capital accounts for the non-residents sector, including property income, disposable income, net saving and net lending, Canada.

Description: Relation between gross domestic income at market prices and gross national income at market prices, quarterly, Canada.

Description: Quarterly expenditure-based gross domestic product, at constant 2017 prices.

Description: Quarterly final consumption expenditure for the household sector, in current and constant 2017 prices, Canada.

Description: Quarterly financial, non-financial and total corporation profits before taxes, on an original-cost-basis, excluding government business enterprises, Canada.

Description: Quarterly property income data (interest, dividends, etc.) for the household sector, Canada.

Description: This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) Prices (3 items: Chained (2017) dollars; Current prices; Contributions to percent change) Seasonal adjustment (2 items: Seasonally adjusted at annual rates; Unadjusted) Levels of government (6 items: General governments; Federal general government; Provincial and territorial general governments; Local general governments; ...) Estimates (1 item: Final consumption expenditure).

Description: Contributions to annual percent change in real expenditure-based gross domestic product.

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

Description:

As technological advancement continues and digitalization rapidly expands to affect more segments of the economy, there is an increasing need to accurately measure and assess its impacts. Statistics Canada is responding to this challenge by working towards defining and measuring the economic value of the digital economic activities in Canada, the provinces and territories. This paper presents Statistics Canada’s working definition of the digital economy as well as initial estimates on the output, gross domestic product (GDP) and jobs associated with those activities.

Description:

This article in the Economic Insights series provides users with an integrated summary of recent changes in output, employment, household demand, international trade and prices. Organized as a statistical summary of major indicators, the report is designed to inform about recent developments in the Canadian economy, highlighting major changes in the economic data during the second half of 2017 and early 2018. Unless otherwise noted, the tabulations presented in this report are based on seasonally adjusted data available as of April 17, 2019.

Description:

This documentation outlines a step towards a more complete program of annual distributional estimates for the household sector in the Canadian macroeconomic accounts. This documentation also presents the methodology used to develop distributions of wealth for the household sector of the National Balance Sheet Accounts (NBSA) for the reference years 2010 to 2018.

Description:

The 2008 financial crisis demonstrated how quickly economic shocks can spread between sectors and countries, making it apparent that the existing set of macroeconomic statistics contained gaps for identifying such systemic issues. Users therefore require new products from the System of National Accounts that demonstrate the financial linkages between sectors in the economy. The Special Data Dissemination Plus (SDDS+) and G20 Data Gaps initiatives were established by the International Monetary Fund (IMF) to address some of these data gaps, and presented specific recommendations to G20 countries. One of these recommendations asks statistical agencies to begin compiling more detailed data on the interconnectedness of the economy by incorporating a "From-Whom-To-Whom" (FWTW) framework. This FWTW framework includes statistics that make counterparty information explicit, showing how various sectors of the economy are connected by financial interdependencies. In other words, the data presented on this new basis allows users to answer the question "whom is funding whom and with what financial instruments". In this visualisation tool, we present six instruments on a FWTW basis in a fully customizable pivot table.

Description:

The Bank of Canada (the Bank) and Statistics Canada both produce aggregate measures of borrowing, or credit, for sectors of the Canadian economy. The Statistics Canada measures are part of the National Balance Sheet Accounts (NBSA), which cover the entire economy and directly align with the internationally recognized national accounting principles detailed in the United Nations System of National Accounts. The Bank’s data are presented based on the issuer of credit, i.e., the holder of the financial assets, and do not display liabilities. Both measures are constructed primarily from records of Canadian financial institutions and provide thorough coverage of lending by those institutions. They show a similar picture of the indebtedness of Canadian non-financial businesses, currently and in the past. However, the use of differing classification systems, methodologies and definitions result in some reconcilable differences in the aggregate measures. Therefore, the Bank and Statistics Canada conducted a joint study to understand and identify key differences between their respective measures of business credit loans, including non-mortgage business loans, non-residential mortgages and commercial paper.

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The principal motivation in producing estimates of seasonally adjusted household sector borrowing arose as a result of the observed seasonality present in the unadjusted credit market debt estimates. For example, Canadians tend to borrow more in the form of consumer credit in the fourth quarter, with the arrival of significant retail activity tied to the holidays, and then subsequently retrench in the first quarter. Moreover, mortgage borrowing has a tendency to slow down in the first quarter, but then pick up in the second and third quarters as winter recedes in many areas of Canada and resale activity picks up and families look to secure housing before the start of the upcoming school year. This phenomena of sub-annual cyclical patterns is not constrained to the household sector and can be seen in other areas such as government borrowing. Consequently, seasonal adjustment in this context enhances the interpretability of estimates that possess a strong cyclical component, eliminating the variation due to predictable and recurrent events, and provides data users, policy makers, and researchers with more accurate quarter-to-quarter movements that reveal the underlying trends in the data. While only household borrowing is the current sector of interest, seasonal adjustment will be eventually expanded to encompass other pertinent sectors in the Financial and Wealth Accounts.

Description:

The goal of this paper is to explain the methodology and data sources used to construct a comprehensive economic account covering entities that fall within the definition of non-bank financial intermediation (NBFI), previously referred to as “shadow banking”. For policy-makers, researchers, and regulators, understanding the vulnerabilities that exist in the financial system does not stop at the traditional entities where oversight and risk assessment is well established. The activities of NBFIs are an important part of the financial system and, due to the many inter-linkages between NBFIs and the more formal system, it is crucial to develop the estimates needed to better monitor risk throughout the entire system. This economic account seeks, in part, to address that objective.

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Revised estimates of the Income and Expenditure Accounts (IEA) covering the period 2015 to 2017 have been released. These revised estimates incorporate the most current source data and seasonal patterns.

Description: This publication presents an overview of recent economic developments in the provinces and territories. The overview covers several broad areas: 1) gross domestic product (GDP) by income and by expenditure, 2) GDP by industry, 3) labour productivity and other related variables.

The publication examines trends in the major aggregates that comprise GDP, both income- and expenditure-based, as well as prices and the financing of economic activity by institutional sector. GDP is also examined by industry. The productivity estimates are meant to assist in the analysis of the short-run relationship among the fluctuations of output, employment, compensation and hours worked. Some issues also contain more technical articles, explaining national accounts methodology or analysing a particular aspect of the economy.

This publication carries the detailed analyses, charts and statistical tables that, prior to its first issue, were released in The Daily (11-001-XIE) under the headings Provincial Economic Accounts and Provincial Gross Domestic Product by industry.

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

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As of May 31, 2001 the Quarterly Income and Expenditure Accounts will have adopted the following change: Chain Fisher formula.

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A new accounting approach treats software as an investment was implemented in the Canadian System of National Accounts (SNA) during 2001. Preliminary estimates of software capital stocks were included for the first time in the National Balance Sheet Accounts (NBSA) released in March 2001. Software investment was then included in the gross domestic product (GDP) with the first quarter 2001 release (May 31, 2001) of the National Economic and Financial Accounts (NEFA). Later in the year, it was included in the Input-Output (I/O) Accounts, Provincial Economic Accounts (PEA) and the Industry Measures Accounts (IMA) with the release of October 30, 2001.

This mini historical revision brings Canada in line with a number of countries, including the United States and other G-7 member nations, who introduced software into their GDP over the last few years. It also brings Canada in line with the 1993 SNA recommendation that business and government acquisition of software be treated in national accounts as an investment as opposed to a current expense. Software is now treated like any other capital input that is used repeatedly in production over a year or more whereas, formerly, it was treated as if it were fully used up during the production period like any other intermediate input. This new accounting for software has raised the level of GDP, although the effects on GDP growth turn out to be relatively small.

Description:

The work on Input-output (IO) tables in Canada started in the early 1960s. At the very beginning, it was decided that IO tables must fulfill several roles and provide: (a) an audit and management tool to improve economic statistics for their consistency, accuracy and comprehensiveness; (b) benchmarks for gross domestic product (GDP), its income side and components, its expenditures side and components and GDP by industry estimates, both at current prices and constant prices and (c) a framework for structural analysis.

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Under any degree of inflation, high or low, the values of changes in inventories (VPC) is generally different when it is calculated at the quarterly interval and the four quarters are aggregated into a year compared with its calculation done at the yearly interval. It is argued in this paper that it is an inherent problem as one of the basic axioms of annual accounts is violated, namely, the assumption of price homogeneity over an accounting period.

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This publication provides a description of the data sources and methods used to compile the input-output tables at constant prices. It includes a brief description of the accounting framework, an overview of the methods used for the major components of the tables and an outline of the techniques applied to each group of goods and services. It also distinguishes between the derivation of the gross domestic product by industry for the business sector and that of the non-business sector. Finally, it discusses some of the critical contemporary issues that are being addressed at the time of writing.

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With the release of the first quarter 2000 of the National Income and Expenditure Accounts the sectoring of federal and provincial government, non-autonomous pension plans has changed. These pension plans are now part of the personal sector. Previously these plans were included in either the federal or provincial government sector accounts.

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This paper deals with a problem in internationally comparable economic statistics, namely, the fact that countries measure value added by industry differently. The economic measure, value added, is important both in its own right and because it is a component of other economic measures such as productivity. Value added by industry measures the additional value created by a production process. This additional value, created by factors of production such as labour and capital, may be calculated either before or after deducting the consumption of fixed capital used in production. Thus, gross value added by industry is the value of its output of goods and services less the value of its intermediate consumption of goods and services and net value added as the value of output less the values of both intermediate consumption and consumption of fixed capital.

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A major revision of the Provincial Economic Accounts (PEA) was published at the time of the official release. The revision covered the time period 1992 to 1997 and brought the PEA in line with the National Economic and Financial Accounts (NEFA) published early in March.

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The 1993 System of National Accounts (SNA) was implemented in Canada in November 1997 and all national accounts series - annual, quarterly and monthly, both at current and constant prices - were revised back to 1961. There were changes in classification of sectors and transactions, concepts and methodology. As well, we removed the statistical breaks in earlier series that arose due to our revision policy. In the spring of every year, we revise, if necessary, our national accounts series for the latest four years. Statistical breaks for earlier periods are removed only at the time of historical revisions, such as the one done in November 1997. This was the fifth and the most comprehensive historical revision of the Canadian SNA series since 1961, the earlier ones were done in the late 1960s, the late 1970s, in 1985 and in 1990. As our historical revisions have been done almost every decade, and more frequently since the 1980s, statistical breaks in the Canadian system have remained only for a short period.

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This report examines the 1997 Canadian System of National Accounts (CSNA) and highlights the remaining differences from the 1993 SNA, thus providing a better understanding of the Canadian System vis-à-vis that of other countries. Our occasional departures from the 1993 SNA guidelines are primarily prompted by pragmatic considerations, such as institutional structure, statistical data sources, availability of resources and their cost-effective use.