Economic accounts

Description:

The measurement of the economic impact of tourism has attracted increasing world-wide interest in the past few years. The development of a national Tourism Satellite Account (TSA) in Canada (1994), as well as a set of current quarterly indicators (1996), was a result of a demand for this information. Statistics Canada has now taken the analysis of tourism a step further with the development of the Provincial and Territorial Tourism Satellite Accounts (PTTSA).

The development of these accounts has come primarily at the request of the tourism community in Canada. The new regional accounts increase the analytical capability and further the understanding of tourism across Canada. The PTTSA are designed to measure the importance of tourism in terms of expenditures, gross domestic product (GDP) and employment. The concepts and methods used in the PTTSA generally follow the set of international TSA guidelines adopted by the United Nations Statistical Commission and strictly adhere to the principles of the System of National Accounts (SNA).

As separate or satellite accounts, the PTTSA explicitly define the tourism industry within the national accounts statistical system and measure its economic contribution to the economy. With their foundation in the framework of the Canadian SNA, the PTTSA allow for a comparison of tourism with other industries within a province or territory, as well as showing the relative importance of tourism among provinces and territories. A tourism satellite account also provides the statistical basis for the development of tourism impact models. Thus, the PTTSA can contribute to government policy-making and business decisions concerning tourism.

This document discusses the concepts and definitions used, and it highlights the results of the PTTSA by region for the reference year 1996. The appendices include an overview of the methodology and data sources; the detailed tables showing tourism expenditures and GDP, as well as employment for each region; a list of tourism industries and commodities; and a glossary.

Description:

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.

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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Environmental protection expenditures in the business sector, preliminary data presents operating and capital expenditures made by primary and manufacturing industries in response to, or in anticipation of, environmental regulations and conventions. The results are from the Environmental Protection Expenditure Survey. The data contained in Environmental protection expenditures in the business sector help to fill important gaps in existing information on the demand side of the 'environment industry.' More specifically, it provides a measure of the cost to the industry of adopting pollution prevention and abatement technologies and other environmental protection practices. Data included in Environmental protection expenditures in the business sector are components of a national statistical database on the environment industry.

Description:

"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:

This article presents revisions to the Gross Domestic Product (GDP) by Income and by Expenditure from the Income and Expenditure Accounts (IEA) for the 2019 to 2021 period. These revisions were reflected in the 2021 Provincial and Territorial Economic Accounts estimates, released on November 8, 2022.

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This infographic features government spending data in Canada for the 2021/2022 fiscal year. It gives a breakdown of expenses by the socio-economic purpose for which the funds are used.

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Gross domestic product (GDP) can be divided into contributions from women, contributions from men, and “unallocated” contributions (i.e., those not attributable to a specific gender). This infographic provides information on the differences in the share of GDP attributable to men and women across industries and provinces and territories.

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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 first half of 2022 and into the summer months. The article also examines how economic conditions have changed as borrowing costs have risen.

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Rising wages and prices have characterized 2021 and 2022. Soaring unit labour costs have raised competitiveness concerns. This article examines the relationship between real wages and productivity to see whether real wage growth (growth in real total compensation per hour worked) has lagged behind labour productivity growth in recent years. It examines whether the result is sensitive to differences in the definition of real wages.

Description:

This paper estimates and examines the contribution to Gross domestic product (GDP) by men and by women in the Canadian economy for the first time. Up to now, increases in the educational attainment of women and their participation in the market economy are reflected in education and labour market statistics but the contribution of men and women to production has not been delineated. The paper implements a new method for measuring GDP for men and women between 2008 and 2018 based on administrative records. It informs on the rising share of activity attributable to women and documents those areas of GDP where women make the largest and smallest contributions.

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:

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), that will be introduced as part of the 2022 Comprehensive Revision (slated for release in December 2022). These accounts are an integral part of the Canadian System of Macroeconomic Accounts (CSMA). These planned revisions are intended 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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This presentation focuses on labour productivity, a measure of efficiency widely used in conjunction with data on labour costs and profitability to gauge the competitiveness of Canadian businesses.

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The government finance statistical program is designed to measure and analyze the economic dimensions of the public sector of Canada

Statistics Canada, in cooperation with representatives of all levels of government and with the academic and business communities, developed the Financial Management System (FMS) over the last 65 years. The FMS was founded on a modified-cash based system of accounting. Recently, Canadian governments have decided to move from that modified-cash based accounting system to an accrual based accounting system. In addition, an internationally accepted Government Finance Statistics (GFS) manual has been developed. This article outlines the move to Government Finance Statistics.

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With the latest release of the bilateral Purchasing Power Parities estimates for Canada and the U.S., an improved projection methodology for the non-benchmark year has been employed. This note summarizes the new methodology and its rationale.

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Statistics Canada produces monthly import and export merchandise trade price indexes. For the majority of these prices, Statistics Canada uses a variety of proxy measures to derive the price index in lieu of collecting observed import and export prices. The ability of these proxy measures to reflect international trade price movements during times of exchange rate volatility is limited. For this reason, the constant dollar trade estimates derived using these proxy price indexes have been refined with constant dollar adjustments following the appreciation of the Canadian exchange rate beginning at the end of 2002. This paper explains the rational and methodology behind these adjustments, as well as the impact on published trade and GDP estimates.

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With the release of the Financial Flow Accounts (FFA) on December 1st and the National Balance Sheet Accounts (NBSA) on December 14th, the Income and Expenditure Accounts Division will be publishing revised sector and category detail on CANSIM.

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Government financial reports are based on the organisation of each individual government and on their accounting and reporting practices. There is therefore little uniformity from one level of government to another or from one province to another. The Financial Management System (FMS) is an analytical framework designed to produce statistical series that are both consistent and compatible.

Written in plain English, the Financial Management System (FMS) manual was designed to assist you in better understanding the framework of the Financial Management System (FMS). It will explain the strengths and caveats of the FMS and will provide you with clear explanations of what is included in each revenue source and each expenditure function.

Description:

This free publication presents the concepts and criteria utilized to determine the entities that comprise the public sector of Canada.

The resulting statistical universe provides the framework to observe the extent of governments' involvement in the production of goods and services and the associated resource allocation process in the Canadian economy.

The concepts and criteria contained in the guide are consistent with two internationally accepted classification standards: the System of National Accounts (SNA 2008) guide; and the International Monetary Fund (IMF) Government Finance Statistics Manual 2001.

As well, the guide delineates the various public sector components that are used in compiling and aggregating public sector data. This structure also enables comparisons of Canadian government finance data with international macroeconomic statistical systems.

Description:

Official data from statistical agencies are not always ideal for cross-country comparisons because of differences in data sources and methodology. Analysts who engage in cross-country comparisons need to carefully choose among alternatives and sometimes adapt data especially for their purposes. This paper develops comparable capital stock estimates to examine the relative capital intensity of Canada and the United States.

To do so, the paper applies common depreciation rates to Canadian and U.S. assets to come up with comparable capital stock estimates by assets and by industry between the two countries. Based on common depreciation rates, it finds that capital intensity is higher in the Canadian business sector than in the U.S. business sector. This is the net result of quite different ratios at the individual asset level. Canada has as higher intensity of engineering infrastructure assets per dollar of gross domestic product produced. Canada has a lower intensity of information and communications technology (ICT) machinery and equipment (M&E). Non-ICT M&E and building assets intensities are more alike in the two countries.

However, these results do not control for the fact that different asset-specific capital intensities between Canada and the United States may be the result of a different industrial structure. When both assets and industry structure are taken into account, the overall picture changes somewhat. Canada's business sector continues to have a higher intensity of engineering infrastructure and about the same intensity of building assets; however, it has a deficit in M&E that goes beyond ICT assets.

Description: This guide focuses on the Income and Expenditure Accounts. It provides an overview, an outline of the concepts and definitions, an explanation of the sources of information and statistical methods, a glossary of terms, and a broad compilation of other facts about the accounts.

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This paper focuses on the role of investments in infrastructure in Canada. The size of infrastructure investments relative to other capital stock sets this country apart from most other Organisation for Economic Co-operation and Development countries. The paper reviews the approaches taken by other researchers to define infrastructure. It then outlines a taxonomy to define those assets that should be considered as infrastructure and that can be used to assess the importance of different types of capital investments. It briefly considers how to define the portion of infrastructure that should be considered 'public'. The final two parts of the paper apply the proposed classification system to data on Canada's capital stock, and ask the following questions: how much infrastructure does Canada have and in which sectors of the economy is this infrastructure located? Finally, the paper investigates how Canada's infrastructure has evolved over the last four decades, both in the commercial and non-commercial sectors, and compares these trends with the pattern that can be found in the United States.

Description:

This paper provides an overview of the productivity program at Statistics Canada and a brief description of Canada's productivity performance. The paper defines productivity and the various measures that are used to investigate different aspects of productivity growth. It describes the difference between partial productivity measures (such as labour productivity) and a more complete measure (multifactor productivity) and the advantages and disadvantages of each. The paper explains why productivity is important. It outlines how productivity growth fits into the growth accounting framework and how this framework is used to examine the various sources of economic growth. The paper briefly discusses the challenges that face statisticians in measuring productivity growth. It also provides an overview of Canada's long-term productivity performance and compares Canada to the United States - both in terms of productivity levels and productivity growth rates.