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Second quarter 2008
The national balance sheet accounts are statements of the balance sheets of all of the various sectors of the economy. They consist of the non-financial assets owned in the various sectors of the economy and of financial claims outstanding.
National wealth is the sum of non-financial assets (produced assets, land surrounding structures and agricultural land) in all sectors of the economy.
National net worth is national wealth less net foreign liabilities (i.e., what is owed to non-residents less what non-residents owe to Canadians). Alternatively, it is the sum of the net worth of the persons and unincorporated business, corporate and government sectors.
National saving is the sum of saving of the persons and unincorporated business, corporate and government sectors. National saving and investment contribute to the change in national net worth.
The revaluation of assets and liabilities also contributes to changes in national net worth. The causes of revaluation include changes in non-financial asset prices, equity prices, interest rates, exchange rates and loan allowances.
Quarterly series, both book and market value, are available from the first quarter of 1990. Marketable securities are at market value, unless otherwise stated. For more information on the market value estimates, consult Balance sheet estimates at market value.
