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Important changes are coming to Canada's System of National Accounts (CSNA), starting in May 2012. These changes will affect all users of CSNA products and statistics such as gross domestic product (GDP), balance of payments, international investment, and input-output tables. For more information, consult Canadian System of National Accounts 2012 Historical Revision.
This release of provincial and territorial economic accounts is an update of the GDP by industry estimates released on April 28, 2011 and the GDP by income and expenditure data released in November 2010. This release incorporates the Input-Output benchmarks of 2008, the revisions to the national Income and Expenditure Accounts released in May 2011, and the revisions to the national GDP by industry data released in September 2011. In addition, updated provincial survey data and improved methodologies have contributed to revised measures of both the provincial GDP by income and expenditure and the provincial GDP by industry for the years 2008 to 2010.
Percentage changes for expenditure-based and industry-based statistics (such as consumer expenditures, investment, exports, imports, production and output) are calculated using volume measures, that is, adjusted for price variations. Percentage changes for income-based statistics (such as personal income, labour income and corporate profits) are calculated using nominal values, that is, not adjusted for price variations.