Latest Developments in the Canadian Economic Accounts

2020

Satellite Accounting in Canada

Release date: July 28, 2020

The concept of satellite accounting was introduced as part of the United-Nations-endorsed System of National Accounts (SNA) in 1993. It provides a way for national accounts statisticians to develop alternative statistics on selected topics that are not represented as such in the SNA. Examples include tourism, the environment, the digital economy, and cooking, childcare and other non-market work done in the home. This paper describes the satellite accounting concept, discusses its strengths and limitations, refers briefly to international experience and provides summaries of eleven satellite accounts that have been built in Canada over the last three decades. Extensive references to more detailed documentation are also provided.

Recording COVID-19 measures in the national accounts

Release date: May 29, 2020

Since March, Canadian governments, federal, provincial and local, along with their associated government business enterprises, have been implementing a wide range of policy measures to address the COVID-19 pandemic. Many of these measures are economic in nature, taking the form of financial transfers and concessional loans to individuals, businesses and other groups. These actions will be reflected in the national accounts estimates for March and subsequent months, quarters and years. This paper outlines the main policy measures of an economic nature and identifies where their effects will be seen in the accounts.


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