Economic accounts

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:

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.

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When productivity increases in a sector, does it mean employment growth? This article explores the question and introduces a new concept: multifactor productivity.

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There has been growing interest in recent years about the scope of tourism in Canada. In response to this demand for information, Statistics Canada has developed a Tourism Satellite Account (TSA) which provides some answers to questions such as: Which industries constitute 'the tourism industry'? What are the industry's gross domestic product (GDP) and employment rates? And what is the extent of tourism-related expenditures?

This article reports on the research that Statistics Canada has undertaken as part of an ongoing examination of the tourism industry.

Description:

This (1994) paper considers four alternative definitions of the underground economy and examines the available evidence about its size. Statistics Canada believes the underground economy is far smaller than the money demand studies have suggested.

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:

This article presents the first results from a study of the value of household work (VHW) in Canada for 1992. The study, the fourth of its kind, is part of continuing efforts to extend measures of production both within and outside Statistics Canada's System of National Accounts. A more in-depth report on the study is currently being prepared.

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:

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.

Description: This table contains 4060 series, with data for years 1961 - 1996 (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 ...) Inputs-outputs (2 items: Inputs; Outputs ...) North American Industry Classification System (NAICS) (63 items: Total industries; Crop and animal production; Forestry and logging; Fishing; hunting and trapping ...) Commodity (112 items: Total commodities; Grains; Live animals; Other agricultural products ...).

Description: This table contains 13713 series, with data for years 1961 - 1996 (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 ...) Inputs-outputs (2 items: Inputs; Outputs ...) North American Industry Classification System (NAICS) (118 items: Total industries; Crop and animal production; Forestry and logging; Fishing; hunting and trapping ...) Commodity (470 items: Total commodities; Hogs; Poultry; Cattle and calves ...).

Description:

This table contains 399 series, with data for years 1981 - 1997 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. 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 ...), Implicit price index components (29 items: Gross domestic product (GDP) at market prices; Semi-durable goods; Durable goods; Personal expenditure on consumer goods and services ...).

Description:

This table contains 173 series, with data for years 1961 - 1980 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Prince Edward Island; Nova Scotia; Newfoundland and Labrador ...), Income-based estimates (12 items: Corporation profits before taxes; Provincial gross domestic product (GDP) at market prices; Net domestic income at factor cost; Interest and miscellaneous investment income ...).

Description:

This table contains 509 series, with data for years 1961 - 1980 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Nova Scotia; Newfoundland and Labrador; Prince Edward Island ...), Expenditure-based estimates (35 items: Provincial gross domestic product (GDP) at market prices; Personal expenditure on consumer services; Durable goods; Personal expenditure on consumer goods and services ...).

Description:

This table contains 20 series, with data for years 1981 - 1991 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Outside Canada ...), Expenditure-based estimates (20 items: Final domestic demand; Personal expenditure on consumer goods and services; Government current expenditure on goods and services; Personal expenditure on consumer services ...).

Description:

This table contains 476 series, with data for years 1971 - 1991 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Canada; Nova Scotia; Prince Edward Island; Newfoundland and Labrador ...), Final domestic demand components (34 items: Final domestic demand; total; Personal expenditure on consumer goods and services; Durable goods; Semi-durable goods ...).

Description:

This table contains 19 series, with data for years 1981 - 1991 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Outside Canada ...), Implicit price index components (19 items: Provincial gross domestic product (GDP) at market prices; Personal expenditure on consumer goods and services; Government current expenditure on goods and services; Services ...).

Description:

This table contains 406 series, with data for years 1971 - 1991 (not all combinations necessarily have data for all years), and was last released on 2009-01-23. 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 ...), Implicit price index, components (29 items: Final domestic demand; total; Durable goods; Semi-durable goods; Personal expenditure on consumer goods and services ...).

Description: This table contains 1404 series, with data for years 1961 - 1997 (not all combinations necessarily have data for all years), and was last released on 2009-01-22. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Multifactor productivity and related variables (27 items: Multifactor productivity based on gross output; Multifactor productivity based on value-added; Labour productivity based on value-added; Labour productivity based on gross output ...), Standard Industrial Classification (SIC) (52 items: Agricultural and related services industries; Mining (including milling); quarrying and oil well industries; Fishing and trapping industries; Logging and forestry industries ...).

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

Description: This article provides an integrated summary of recent changes in output, consumer prices, employment and household finances. It highlights changes in the economic data during the second half of 2022 and into the winter months. The article also examines how economic conditions have changed as borrowing costs have risen.

Description: The COVID-19 pandemic affected the Canadian economy in numerous ways, one of which was changing the relationship between growth in production, and changes in real consumption and real gross fixed capital formation (GFCF). Typically, real consumption and real GFCF are expected to progress similarly to real gross domestic product (GDP), however during the period covered by the COVID-19 pandemic, real consumption and real GFCF grew at a stronger pace than real GDP. This article illustrates how examining real income rather than real production can address this paradox. Specifically, the roles of changes in production (the use of capital, labour and multifactor productivity used to produce real GDP) and changes in non-production sources of real income growth (the trading gain and net income from abroad) are examined.

Description: This documentation outlines the methodology used to develop the Distributions of household economic accounts published in March 2023 for the reference years 2010 to 2022. 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 infographic presents alcohol and cannabis sales in Canada for the period from April 1, 2021, to March 31, 2022. It gives a breakdown of sales by type of alcoholic beverage and cannabis product. It also shows the revenue governments earned from the control and sale of alcoholic beverages and cannabis products.

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

Description: A key feature of the buildup in inflationary pressure over the last two years is the extent to which it became increasingly broad-based, with elevated price increases affecting a gradually wider set of products and services. This spotlight article provides some context on the amount of consumer spending that has been impacted by high inflation since price pressures began to build in early 2021. Using expenditure weights from the consumer price index, it reports on the share of the expenditure basket that falls into different inflationary ranges, first based on all products and services, and then separately for food products.

Description: Physical flow accounts (PFA) record the annual flows of natural resources, products and residuals between the Canadian economy and the environment. The Water Account describes the use of the natural resource input of water and of water accessed through municipal water supply or irrigation systems by industries, governments, institutions, and households.

Description:

As the eighth goal outlined in the 2030 Agenda for Sustainable Development, Canada and other UN member states have committed to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all by 2030. This 2022 infographic provides an overview of indicators underlying the eighth Sustainable Development Goal in support of decent work and economic growth, and the statistics and data sources used to monitor and report on this goal in Canada.

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 2022 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: The survey provides part of the information required by the federal government to calculate the equalization payment. It also provides data on revenue and expenditure of local government to the System of National Accounts, and provides Culture, Tourism and the Centre for Education Statistics Division with data on local governments'cultural expenditure activities.

Description: The objective of this program is the consolidation of the data of the federal government, the provincial, territorial, and local governments and the Canada and Quebec pension plans.

Description: The survey provides data on revenue and expenditures of local government to the System of National Accounts and for the Financial Management System series.

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 National Tourism Indicators (NTI) provide timely information which facilitates ongoing monitoring and analysis of tourism and its related activities in Canada.

Description: To provide statistical information and analysis of the value of Canada's merchandise exports and imports by commodity, province or territory, partner country, and other relevant dimensions on a customs basis.

Description: To provide statistical information on the value of Canada's merchandise exports and imports by commodity and by partner country, on a balance of payments basis.