National accounts and Gross Domestic Product

Description:

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.

Description:

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.

Description:

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.

Description:

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.

Description:

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

Description:

This paper first conducts a general review of trusteed pension funds, their definition, assets and growth. It then focusses on the foreign assets of these funds.

Description:

The first of two features on the Northwest Territories and the Yukon, this article compares the North's economic and employment trends with those in the rest of the country. Occupation, industry and selected population characteristics are also studied.

Description:

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).

Description:

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.

Description:

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.

Description: This table contains 1827 series, with data for years 1984 - 1996 (not all combinations necessarily have data for all years), and was last released on 2009-01-19. This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Newfoundland and Labrador; Nova Scotia; New Brunswick; Prince Edward Island ...) Prices (3 items: Current dollars; 1986 constant dollars; 1981 constant dollars (1984 to 1986) ...) Industry (69 items: Agricultural and related services industries; Mining; quarrying and oil well industries; Logging and forestry industries; Fishing and trapping industries ...).

Description: This table contains 114 series, with data for years 1919 - 1971 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Industry (114 items: Real domestic product; Agriculture; Forestry; Fishing and trapping; ...).

Description: This table contains 624 series, with data for years 1981 - 2006 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Prices (2 items: 1997 constant dollars; Chained 1997 dollars ...) North American Industry Classification System (NAICS) (312 items: All industries; Agriculture; forestry; fishing and hunting; Crop production; Animal production ...).

Description: This table contains 936 series, with data for years 1981 - 2007 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...) Prices (2 items: 1997 constant dollars; Chained 1997 dollars ...) North American Industry Classification System (NAICS) (312 items: All industries; Agriculture; forestry; fishing and hunting; Animal production; Crop production ...).

Description: This table contains 936 series, with data for years 1981 - 2007 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...) Prices (2 items: 1997 constant dollars; Chained 1997 dollars ...) North American Industry Classification System (NAICS) (312 items: All industries; Agriculture; forestry; fishing and hunting; Crop production; Animal production ...).

Description: This table contains 30 series, with data for years 1981 - 2006 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Prices (2 items: 1997 constant dollars; Chained 1997 dollars ...) Special industry aggregations (15 items: Business sector industries; Business sector; goods; Non-business sector industries; Business sector; services ...).

Description: This table contains 45 series, with data for years 1981 - 2007 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...) Prices (2 items: 1997 constant dollars; Chained 1997 dollars ...) Special industry aggregations (15 items: Business sector industries; Business sector; goods; Business sector; services; Non-business sector industries ...).

Description: This table contains 45 series, with data for years 1981 - 2007 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...) Prices (2 items: 1997 constant dollars; Chained 1997 dollars ...) Special industry aggregations (15 items: Business sector industries; Business sector; services; Non-business sector industries; Business sector; goods ...).

Description: This table contains 24 series, with data for years 1961 - 1997 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Prices (2 items: Current prices; 1992 constant prices ...) Industry, special aggregations (12 items: Total economy; Business sector services; Business sector goods; Business sector industries ...).

Description: This table contains 1430 series, with data for years 1984 - 1999 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Newfoundland and Labrador; Prince Edward Island; Nova Scotia; New Brunswick ...) Value (2 items: Current dollars; 1992 constant dollars ...) Standard Industrial Classification, 1980 (SIC) (55 items: All industries; Goods producing industries; Non-business sector industries; Business sector industries ...).

Description:

The first of two features on the Northwest Territories and the Yukon, this article compares the North's economic and employment trends with those in the rest of the country. Occupation, industry and selected population characteristics are also studied.

Description:

Following normal practice, the annual revision of the National Economic and Financial Accounts has been carried out and the revised estimates have been released along with those for the first quarter of 1995. This annual revision of the different parts of the System of National Accounts is an integrated process, with revised estimates of the Income and Expenditure Accounts, Financial Flow Accounts and the Balance of International Payments being released simultaneously. Corresponding revisions to the monthly estimates of gross domestic product (GDP), by industry and to the Input-Output Accounts at current and constant prices will be completed in August.

Description:

Revised estimates of the Income and Expenditure Accounts (IEA) covering 1990 to 1993 have been released along with the estimates for the first quarter of 1994. These revised estimates reflect the most current source data and seasonal patterns. The annual revision of the different parts of the System of National Accounts is an integrated process. Revised estimates of two other parts of the system, the Balance of International Payments and Financial Flow Accounts, have been released simultaneously. Corresponding revisions to the monthly estimates of the gross domestic product (GDP), by industry and to the Input-Output Accounts at current and constant prices will be available at the end of August.

The first section of this paper reviews the current revisions to the GDP and the main aggregates. The second section analyses the revision patterns of selected income and expenditure aggregates of the GDP over the period 1980 to 1993. For further information on sources, methods and definitions employed in the IE A, refer to the Guide to the Income and Expenditure Accounts, Catalogue no. 13-603E, no. 1.

Description:

Revised estimates of the Income and Expenditure Accounts covering 1989 to 1992 have been released along with the estimates for the first quarter of 1993. These revised estimates reflect the most current source data and seasonal patterns. The annual revision of the different parts of the System of the National Accounts is an integrated process. As such, revised estimates of two other parts of the system -- the Balance of International Payments and Financial Flow Accounts -- have been released simultaneously. Corresponding revisions to the monthly estimates of Gross Domestic Product by Industry and to the Input-Output Accounts at current and constant prices are also available.

Description:

This article introduces two new tables showing volume indexes of real gross domestic product (GDP) per capita and its components for Canada compared with the United States and the associated purchasing power parities (PPPs). These international comparisons of real expenditures based on PPPs are considered to be a major addition to the tools available for macroeconomic analysis. For example, the recent publication by the International Monetary Fund (IMF) of a set of estimates of different countries' output using PPPs has changed the view of the share of world output that comes from the industrialized countries compared with the developing economies.

An analysis based on PPPs, rather than a more conventional one based on exchange rates, has significantly changed the relative measures of output of countries. Comparisons based on exchange rates are unlikely to fully take into account the differences in price levels between countries (i.e., the goods and services that can be purchased in one country's currency compared with another's). Moreover, services are not generally traded in the way that goods are, so their prices in different countries tend not to be related in a way that parallels the currency exchange rate. If aggregate output is to be properly compared across countries, PPPs become more and more important as the size of the service sector grows.

Economic theory would suggest that for internationally traded domestically produced goods and services, PPPs and exchange rates will tend to equalize in the long run. Exchange rates, however, can fluctuate widely in short periods and are affected by expectations and factors such as deficits, wars, fuel shortages and interest rates. With the calculation of PPPs, actual price level differences can be identified. Such measures are also much more stable over time.

Description:

Gross domestic product (GDP) is a key measure in the System of National Accounts, as well as an indispensable tool for economic analysis. This variable is available in current dollars or, in other words, expressed in the prices of the period to which each estimate applies. Two distinct parts exist within this current dollar measure: a volume component and a price component. This article focusses on the measure of GDP which expresses the volume of transactions in the economy (i.e., GDP expressed in real terms).

Description: The purpose of this statistical program is to provide information for current economic analysis. It provides a measure of the economic production which takes place within the geographical boundaries of Canada from an industry point of view.

Description: This survey provided estimates for calendar years of values of gross output, intermediate inputs and gross domestic product (GDP) at factor cost in current and constant prices for over 400 industries and aggregations at the Canada-total level.

Description: The primary mandate of this statistical program is to compile and disseminate current measures of Gross Domestic Product by industry, at the provincial and territorial level.

Description: The supply and use tables trace the production of commodities by domestic industries, combined with imports, through their uses by industries or as final consumption, investment or exports. The system provides measures of value added by industry and total GDP. The supply and use tables provide the basic information for the derivation of industry-by-industry input-output tables.

Description: The Capital and Financial Flow Accounts are statements of investment activity in and by households, non-financial corporations, financial corporations, governments, non-profit institutions serving households and non-residents. The Capital and Financial Flow Accounts record the net flow of non-financial assets, financial assets and liabilities by type of asset and liability.

Description: The National Balance Sheet Accounts record the stock of assets (financial and non-financial), liabilities and net worth for each institutional sector.

Description: The Gross Domestic Product and Income and Expenditure Accounts give a comprehensive statistical picture of Canadian economic developments. The GDP by Income and by Expenditure is at the centre of macroeconomic analysis and policy-making in Canada.

Description: The Provincial and Territorial Gross Domestic Product by Income and by Expenditure Accounts program produces annual estimates of selected aggregates of the National GDP by Income and by Expenditure Accounts, by province and territory: gross domestic product, final domestic demand, household income and government sector accounts.

Description: The estimates are derived in order to supply the System of National Accounts (SNA) with the compensation of employees component of the Gross Domestic Product (GDP).