National accounts and Gross Domestic Product

Description: Quarterly national balance sheet, financial flows, and other changes in assets accounts data presented in a from-whom-to whom basis for selected financial instruments.

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Debt service ratios, interest and obligated principal payments on debt, and related statistics for households, Canada.

Description: Vintages of releases of quarterly income-based gross domestic product, starting with the November 30, 2012 reference period, Canada.

Description: Vintages of releases of quarterly expenditure-based, gross domestic product, starting with the November 30, 2012 reference period, Canada, in chained and current dollars, contributions to percent change and to annualized percent change.

Description: This article describes the reasons why updates (revisions) are made to Canada's GDP estimates. It provides an overview of the way that the monthly, quarterly, and annual GDP products are revised as more comprehensive data and better statistical methods are used to compile the statistics.

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.

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Wages, salaries and employers' social contributions, by industry, by province and territory.

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

Description: Revenue, expenditure and budgetary balance of six levels of general governments.

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Revenue, expenditure and budgetary balance of provincial and territorial administration, education, health and social services sub-sectors.

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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 ...).

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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 ...).

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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 ...).

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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 ...).

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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 ...).

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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 ...).

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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 ...).

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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 ...).

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This publication presents current and constant price estimates of provincial gross domestic product (GDP) for over 50 industries covering the entire Canadian economy, including aggregates and special industry groupings. The document also includes a comprehensive analytical review of the economy of each province and territory with summary text, tables and charts.

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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.

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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.

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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.

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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.

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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.

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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.

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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 first half of 2018 and into the summer months. Unless otherwise noted, the tabulations presented in this report are based on seasonally adjusted data available on October 9, 2018.

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The changes made in this historical revision elaborate on the changes, over one hundred in all, made in the accounts. This paper updates an earlier report issued in August 1996 in several ways: decisions which did not involve any change in the accounts were pruned out; several new issues were added and many decisions were rewritten.

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This report presents the changes made to one of the most important series, the current price gross domestic product (GDP). It includes 13 tables, one for each of the following topics:

personal expenditure on consumer goods and services;government current expenditure on goods and services; gross fixed capital formation, residential structures;gross fixed capital formation, non-residential structures;gross fixed capital formation, machinery and equipment;exports and imports of goods and services;wages, salaries and supplementary labour income; net income of unincorporated business; indirect taxes;subsidies; current price GDP expenditure; current price GDP income; and GDP changes, significant Items.

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A historical revision of the National Economic and Financial Accounts was published on December 12, 1997. This historical revision had three goals.

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About once every five years, the System of National Accounts (SNA) is rebased to keep up with the evolution of prices in the economy. In other words, its aggregates at constant prices are recalculated in terms of the prices of a more recent time. Also, the System is revamped about once a decade to introduce new accounting conventions, improved methods of estimation and revised statistical classifications. These revisions will change the gross domestic product (GDP) of the past 70 years. Both types of revision are presently underway, with their results scheduled for release next year.

This article takes an advance look at the likely effect of rebasing the SNA on the record of growth since 1992. It presents the results of an approximate rebasing of the expenditure-based GDP of the quarterly National Income and Expenditure Accounts (NIEA).

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The International System of National Accounts 1993 (1993 SNA) was prepared and published under the auspices of the Inter-secretariat Working Group on National Accounts. This working group consists of the Statistical Office of the European Communities, the International Monetary Fund, the Organisation of Economic Co-operation and Development, the Statistical Division and regional commissions of the United Nations Secretariat, and the World Bank. The adoption of this document for universal implementation was unanimously recommended to the United Nations Economic and Social Council by its Statistical Commission at the 27th session, held in New York from February 22 to March 3, 1993. The plan for implementing the 1993 SNA system, however, does not seem to be as well organized as its production was.

Very detailed comments have been made on this document in two papers entitled 'The 1993 International System of National Accounts vis-à-vis The Canadian System of National Accounts,' and 'The 1993 International System of National Accounts and the Canadian Input-Output Tables.' In a summary fashion, the present paper highlights certain important areas where the Canadian System of National Accounts (CSNA) will need to revise its practices to conform to the 1993 SNA. The reader is encouraged to refer to these two papers for further details.

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One of the most significant financial market trends is the increased use of derivative instruments. Across the entire investment spectrum, from private investors to major banks and large institutional fund managers, the use of derivative products is becoming encompassing. Derivatives can be broadly defined as secondary assets, the value of which changes in concert with price movements of a related or underlying primary asset. These instruments may be divided into four broad categories: futures, forwards, options and swaps. Trading on established exchanges, and very active in over-the-counter markets, derivative contracts have become fundamental tools in both domestic and international finance.

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The Income and Expenditure Accounts (IEA) are structured in terms of four economic or institutional sectors, and transactors are grouped into homogeneous categories that play distinct roles in the economy. The Personal sector is concerned with individuals in their capacity as final consumers and as suppliers of labour. The Government sector centres on transactions by public authorities as they relate to taxation and public expenditure. The Profit-motivated Business sector consists of transactors producing goods and services for financial gain. The Non-resident sector shows all transactions taking place between resident economic agents and the rest of the world. Classifying transactors by similar motivation and behaviour into these broad groups is a useful tool that helps analyse the major players in the economy, their functions and interrelationships.

The purpose of this paper is to develop quarterly estimates of gross domestic product (GDP) at factor cost in both current and constant prices for each of the institutional sectors within the IEA framework. The estimates of that will be shown, of the GDP, by sector, do not constitute a full production account, but nonetheless provide a measure of aggregate productive activity by sector of origin. They complement and extend the sector tables already available in the Income and Expenditure Accounts.

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This paper reports the results of a survey of national Income and Expenditure Accounts (IEA) release date practices as reported by national statistical bureaus. This international survey was conducted by the author between January and March 1993 by means of a questionnaire mailed to statisticians of several countries.

Respondents to the survey were asked on what date their preliminary IEA estimates for each of the four quarters of the 1991 calendar year were officially released. They were also asked to indicate the dates on which each of the subsequent four revised sets of estimates were released. To avoid the possibility of unwarranted generalizations from a single year's experience, respondents were asked whether 1991 was a typical year or if there were special circumstances that affected the release dates in this particular period. Finally, general information was sought on each country's official revision policy.

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Currently, one measure of real gross domestic product (GDP) at market prices is published by Statistics Canada. It is a fixed weighted index, and the weights are from the base year, 1986. In the first quarter of 1990, alternate formulations of real GDP were reviewed in an article released in this publication. One of the alternatives discussed in the article was the Chain Volume Indexes.

The purpose of this article was to introduce a new set of indexes into the Income and Expenditure Accounts. The indexes include quarterly re-weighted Chain Volume Indexes and annually re-weighted Chain Volume Indexes of GDP, excluding the value of physical change in inventories.

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The Canadian System of National Accounts (CSNA) has evolved considerably over the past four decades. This article presents a brief account of the relationship between this system, as it stands today, and the international standard for national accounting, which has been established by the United Nations. The major similarities and differences between the two systems are highlighted. The paper then goes on to briefly summarize the present state of discussions concerning revisions to the international SNA standard.