Economic accounts

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The networked economy involves economic and social actors and the links that tie them together. The information and communication technologies that provide the links are changing, as are the electronic products that they deliver. This requires the statistical office to introduce new surveys and to develop and use relevant industrial and product classifications. As technology changes, so does the way of doing business and trade in a global economy, with implications for statistics on labour, balance of payments and prices, and, more generally for the whole System of National Accounts. While the networked economy is the way of the future, there are people and businesses that cannot participate fully and there is a need for statistical information about them. This paper looks at these issues, at the statistics that are being developed, and at some of the gaps that are arising.

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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.

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This study examines provincial differences in productivity (GDP per job) using decomposition and regression analysis. In the first stage of the study, the relative size of productivity differences across provinces is examined. Then, these differences are decomposed into two components - the first is the portion of the difference that arises from industry-mix, and the second is due to "real" productivity differences at the industry level. The paper also examines the contributions of the "new" and "old" economy sectors to differences in provincial productivity. Finally, regression analysis is performed in order to determine the statistical significance of interprovincial productivity differences. The paper finds that British Columbia, Alberta, Saskatchewan, Ontario and Quebec do not differ significantly from another in terms of GDP per job after differences in industry mix are considered. Manitoba and the Atlantic Provinces lag behind the others. Most of the difference in the latter two cases stems from "real" differences at the industry level rather than from the effect of differences in industry mix. The Natural Resources sector plays an important role in bolstering the performance of Alberta and Saskatchewan.

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In 1999, Canada's travel account balance (including passenger fares), the difference between the expenditures of foreign visitors in the country and those of Canadian residents outside the country, measured its lowest deficit since 1988, declining to $3.0 billion.

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This paper examines some of the fundamental issues behind foreign affiliate trade statistics (FATS), including what they are, who needs them and why they have become so important, and Statistics Canada's plan for collecting FATS.

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In 1994, Statistics Canada published its first estimates of a Tourism Satellite Account (TSA) for the 1988 reference year. In all subsequent work, there has been an ongoing concern on the part of Canadian national accountants with respect to the need for regular updates to the TSA. This article marks the completion of the work involved in updating the TSA for the 1992 reference year and the revisions made to the 1988 year. An analysis of the results as well as a discussion of the structural changes between the two reference years is presented in this paper. In addition, the underlying reasons for the revisions to the previously published 1988 estimates are discussed. A section is also devoted to future developments currently under consideration in the Canadian context, in particular those relating to the development of provincial TSAs for the 1996 reference year.

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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 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.

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"Intergenerational equity" is a term that can be interpreted in the sense of either: [1] equity between persons in the intergenerational transmission of economic status - often judged by the norm of "equality of opportunity"; or [2] equity in the intergenerational division of aggregate resources, considering all members of each generation as a group. Many of the papers in the companion volume (Corak, 1998) of intergenerational social mobility has long been a central issue in sociology and politics. This volume has focussed on the second interpretation, and espoused a "new" type of measurement of "Generational Accounting."

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

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: 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.

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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.

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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.

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An explanation of the structure and concepts of Canada’s balance of payments and international investment position accounts.

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An explanation of the structure and concepts of Canada’s financial flow and national balance sheet accounts.

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An explanation of the national accounts price-quantity decomposition using Laspeyres, Paasche and Fisher indexes.

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A review of the seven-decade history of Canada’s System of Macroeconomic Accounts connecting the story to the evolution of the international SNA, plus a discussion of the uses and users of Canada’s accounts.

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An explanation of the structure and concepts of Canada’s income and expenditure accounts.

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An introduction and overview of the Canadian System of Macroeconomic Accounts.

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An explanation of key national accounting concepts involving stocks and flows; the distinction between price and volume changes; production, distribution, consumption and accumulation; residence; institutional units and sectors; classifications; and accounting concepts. Also includes a description of SNA 2008’s sequence of accounts.

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An explanation of the structure and concepts of Canada’s supply and use accounts.

Description: The Methodological Guide: Canadian System of Macroeconomic Accounts provides readers with information on macroeconomic accounts at Statistics Canada. It provides links to produced data and publications and describes the concepts, sources, and methods used to compile them. Topics include gross domestic product, national economic accounts (incomes, expenditures, savings, capital formation, financial flows and balance sheet accounts), supply and use tables, provincial and territorial economic accounts, productivity, balance of payments, international investment position and government finance statistics.

This user's guide has been developed by the Macroeconomic Accounts Program to facilitate access to macroeconomic accounting information throughout Statistics Canada and to explain its linkage with international standards, such as the System of National Accounts, 2008. This guide is continually being updated to maintain its relevance.

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The Methodological Guide: Canadian System of Environmental-Economic Accounting provides readers with information on environmental-economic accounts at Statistics Canada. It provides links to produced data and publications and describes the concepts, sources, and methods used to compile them. Topics include ecosystem accounting, asset accounts (natural resources in physical and monetary terms), physical flow accounts (energy and water use, and waste and greenhouse gas emissions), environmental activity statistics (expenditures on environmental protection), and the applications and extensions of those accounts (attribution of physical flows to final demand and intensity measures).

This user's guide has been developed by the Environmental Statistics Program to facilitate access to environmental-economic accounting information throughout Statistics Canada and to explain its linkage with international standards, the United Nations System of Environmental-Economic Accounting. This guide is continually being updated to maintain its relevance.