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:

The statistical data of this section are in five subsections. They contain data on national income and expenditure and related aggregates from 1926 to 1976 in series F1-152; on income produced, by industry, from 1919 to 1926 and on gross capital formation from 1901 to 1930 in series F153-182; on the stock of tangible capital from 1926 onwards in series F183-220 and on inventory book values in series F221-224; on real gross domestic product by industry in series F225-240; and on indexes of labour productivity in series F241-294.

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

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

Description:

Understanding intangible investments is essential for providing accurate measures of gross fixed capital formation (GFCF), gross domestic product (GDP) and productivity growth, and for understanding the innovation system. Statistical agencies need measures of intangible investment to produce economic statistics on aggregate activity that accurately measure concepts such as GDP, GFCF or savings. The levels of GDP, GFCF and savings will be underestimated to the extent that expenditures are incorrectly classified as intermediate inputs that are fully consumed during the period being measured—and not as investments that are not fully consumed during the period when the expenditures are incurred. Estimates for GDP and productivity growth rates may be similarly underestimated. This paper updates and expands upon the intangible capital estimates presented by Baldwin et al. (2009), who extended already measured intangibles (i.e., research and development [R&D], software, mineral exploration) to include additional asset classes consistent with international research on intangible capital measurement (see Corrado, Hulten and Sichel 2009).

Description:

This article describes the revisions to the Financial Flow Accounts (FFA), the Other Changes in Assets Account (OCAA), and the National Balance Sheet Accounts (NBSA), collectively referred to as the Financial and Wealth Accounts (FWA), introduced as part of the 2019 Comprehensive Revision. These accounts are an integral part of the Canadian System of Macroeconomic Accounts (CSMA). This exercise was conducted to strengthen the overall quality and relevance of the FWA program and to introduce new concepts, methodologies, and classifications as recommended by international standards.

Description:

Revised estimates of the Income and Expenditure Accounts (IEA) covering the period 2016 to 2018 have been released. These revised estimates incorporate the most current source data and seasonal patterns.

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 first half of 2019 and into the summer months. Unless otherwise noted, the tabulations presented in this report are based on seasonally adjusted data available as of October 18, 2019.

Description:

This article describes revisions of the Provincial and Territorial Gross Domestic Product (PTGDP) by industry program for the 2015 to 2017 period. These follow the November 8, 2018 release of the estimates for the program for the three reference years.

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

Description:

This article in the Economic Insights series illustrates how real income progressed across the provinces from 1950 to 2016. The performance of the provinces is discussed using a new set of long-run estimates for real gross domestic income per capita. This new dataset allows, for the first time, trends in aggregate real income across the provinces to be examined for the last 66 years. Long-run data allow the amplitude of cycles across time to be demonstrated, and provide sufficient data to understand changes in trends in provincial economies that are sometimes subject to long commodity cycles.

Description: The need to measure both the desirable outputs (goods and services) and the undesirable outputs (emissions of greenhouse gases [GHGs] and criteria air contaminants [CACs]) from economic activity is becoming increasingly important as economic performance and environmental performance become ever more intertwined. Standard measures of multifactor productivity (MFP) growth provide insights into rising standards of living and the performance of economies, but they may be misleading if only desirable outputs are considered. This study presents estimates of environmentally adjusted multifactor productivity (EAMFP) growth using a new comprehensive database. This database contains information on GHG and CAC emissions, as well as on the production activities of Canadian manufacturers.

Description:

The definition of the Information and communications technologies (ICT) sector will be modified to conform more closely to the international standard developed by the Organisation for Economic Co-operation and Development (OECD). Specifically, libraries and the retailing of ICT commodities will be removed from the aggregation, but due to data limitations we will not include the repair of ICT equipment in our aggregation. The estimates will be reworked back to January 1997.

Description:

A number of changes related to Licenses and Registration, Farm Inventories, Land Transfer Taxes, Spectrum Charges and Trade have been incorporated into the Provincial Economic Accounts. These changes have been incorporated into the affected series back to 1981 and are consistent with those changes which have been incorporated in the National Income and Expenditure Accounts since May 31, 2002.

Description:

A number of changes related to Licenses and Registration, Farm Inventories, Land Transfer Taxes, Spectrum Charges and Trade have been incorporated into the Provincial Economic Accounts. These changes have been incorporated into the affected series back to 1981 and are consistent with those changes which have been incorporated in the National Income and Expenditure Accounts since May 31, 2002.

Description:

As of January 31, 2002 the monthly GDP by industry estimates will include Information and Communications Technologies (ICT) series. Three new aggregation series for the Information and Communications Technologies (ICT) sector and its manufacturing and services components are available back to January 1997 on CANSIM II.

Description:

As of May 31, 2001 the Quarterly Income and Expenditure Accounts will have adopted the following change: Capitalization of software.

Description:

As of May 31, 2001 the Quarterly Income and Expenditure Accounts will have adopted the following change: Capitalization of software.

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As of September 28, 2001 the annual revision of monthly GDP by industry estimates will include major classification and conceptual changes: Change in valuation from factor cost to basic prices.

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As of September 28, 2001 the annual revision of monthly GDP by industry estimates will include major classification and conceptual changes: Adoption of NAICS.

Description:

As of May 31, 2001 the Quarterly Income and Expenditure Accounts will have adopted the following change: Change in valuation from factor cost to basic prices.

Description:

As of May 31, 2001 the Quarterly Income and Expenditure Accounts will have adopted the following change: Adoption of NAICS for estimates of labour income.