Latest Developments in the Canadian Economic Accounts

2022

An overview of revisions to the Financial and Wealth Accounts, 1990 to 2022

Release date: December 12, 2022

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.

The 2019 to 2021 Revisions of the Income and Expenditure Accounts

Release date: November 29, 2022

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.

The 2018 to 2021 revisions of the National Tourism Indicators

Release date: September 28, 2022

This article explains the impact of new and revised data on the National Tourism Indicators (NTI). With the release of the fourth quarter 2021 estimates of the NTI in March 2022, all data were revised from the first quarter of 2018 to the third quarter of 2021. Estimates for all of 2021 were revised again with the release of the first quarter of 2022 NTI in July 2022, now including the fourth quarter of 2021.

A preview of revisions to the Financial and Wealth Accounts, 1990 to 2022

Release date: September 12, 2022

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.

Measuring exposure and disruptions caused by the COVID-19 pandemic to global value chains: An analysis based on imported specified intermediate goods in Canada

Release date: July 21, 2022

This paper builds on the Broad Economic Categories (BEC) classification to illustrate Canada’s participation in global value chains (GVCs) through an analysis of imported specified intermediate goods (SIG). A measure of exposure to imports of these goods from top country sources is calculated to shed lights on how this exposure evolved during the pandemic and how Canada adjusted to possible disruptions in GVCs. In addition, the measure of exposure is also computed at the broad economic category and at the product level to reveal some nuances in the interpretation of exposure to imported SIG.

An overview of the Non-Profit Sector in Canada, 2010 to 2020

Release date: July 5, 2022

This article outlines the Canadian non-profit sector's composition, demographic statistics, and contribution to the overall economy between the years 2010 and 2020. These data are integral to the non-profit sector, providing a depth of information related to economic and social trends on the sector, while utilizing data from the annual Satellite Account of Non-Profit Institutions and Volunteering (SANIV) and the Human Resources Module (HRM). This exercise was conducted to enrich the user’s comprehension of the national accounts non-profit data, by providing analysis on the trends and composition of the non-profit sector in Canada.

Measuring the economic value of unpaid household work in Canada, 2015 to 2019

Release date: March 17, 2022

The following paper summarizes a study completed by the National Economic Accounts Division at Statistics Canada, and funded by Wage and Gender Equality Canada (WAGE) to estimate the value of unpaid household work from 2015 to 2019. The paper outlines the concepts, data sources, methods and the main findings of the study, highlighting the economic contribution of unpaid household work as well as inequalities in the share and value of unpaid work performed by men and women.


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