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  • 1. Arthur Berger Regional Products and Income Accounts, Beijing, China, 15-19 March 2010 Canada’s Provincial and Territorial Economic Accounts
  • 2. Outline
    • Regional Economic Accounts: Canadian context
    • Regional Input Output Tables
    • Regional Income and Expenditure Accounts
    • Regional GDP by industry
    23/04/10 Statistics Canada • Statistique Canada
  • 3. Part 1: Canadian context
    • Principles for Canadian regional accounts :
    • Integration of accounts – Input Output, Income & Expenditure Accounts, GDP by industry
    • Standardization – common survey frame, classification systems, chart of accounts
    • Coherence – establish control totals & adjust detail to add up to total
    • Use administrative data and survey data
    04/23/10 Statistics Canada • Statistique Canada
  • 4. Part 1: Canadian context
    • Legislative Requirements:
    • Value added tax collected by federal government on behalf of provinces, allocated to those provinces based on regional economic accounts expenditure estimates
    • Federal transfer payments to provincial governments also based on regional accounts data
    04/23/10 Statistics Canada • Statistique Canada
  • 5. Part 2: Regional Input Output Tables
    • Topics
    • Timing
    • Detail
    • Benchmarking role
    • Data sources
    • Balancing
    • Deflation
    04/23/10 Statistics Canada • Statistique Canada
  • 6. Part 2: Regional Input Output Tables
    • Timing:
    • Annual regional Input Output tables are published 34 months after the reference period
    • For example, 2006 I/O tables were published in November 2009
    • National I/O tables are published concurrently with the regional tables
    • Most source data available 15 months after reference period, but some as late as 24 months
    04/23/10 Statistics Canada • Statistique Canada
  • 7. Part 2: Regional Input Output Tables
    • Detail:
    • Regional I/O tables are broken down into 300 industries, 727 commodities, 170 final demand categories
    • This is the same detail found in the national I/O tables
    04/23/10 Statistics Canada • Statistique Canada
  • 8. Part 2: Regional Input Output Tables
    • Imports & Exports Detail:
    • 727 commodities
    • 13 provinces and territories + rest of world
    • Example: exports of bank and investment commissions from Ontario province to Quebec province were $600M in 2006
    04/23/10 Statistics Canada • Statistique Canada
  • 9. Part 2: Regional Input Output Tables
    • Benchmarking Role:
    • Regional I/O tables provide C$ benchmark for regional income and expenditure based GDP, and regional value added by industry
    • Regional I/O tables add-up to the national I/O tables
    • National K$ I/O tables provide benchmark for national real GDP by industry
    04/23/10 Statistics Canada • Statistique Canada
  • 10. Part 2: Regional Input Output Tables
    • Data Sources:
    • Industry estimates
    • Final demand estimates
    04/23/10 Statistics Canada • Statistique Canada
  • 11. Part 2: Regional Input Output Tables
    • Data Sources – Industry Estimates:
    • Annual surveys, mostly establishment based, sampling designed to produce accurate estimates by province
    • Samples are usually divided into three strata:
      • take all (large companies that operate in more than one industry and/or more than one province)
      • take some (medium sized companies)
      • take none (smaller companies that operate in only one province and only one industry)
    • Income tax data is used for take none stratum
    04/23/10 Statistics Canada • Statistique Canada
  • 12. Part 2: Regional Input Output Tables
    • Data Sources – Industry Estimates:
    • Other sources
      • Labour expenses by industry – taxation data
      • Construction – capital expenditure survey for output
      • Financial industries – administrative data + enterprise survey data
      • Income tax data + occasional surveys
    04/23/10 Statistics Canada • Statistique Canada
  • 13. Part 2: Regional Input Output Tables
    • Data Sources – Final Demand Estimates:
    • Personal expenditures: retail trade survey + survey of household spending + service industry surveys + administrative data
    • Capital expenditures: capital expenditure survey
    • Investment in inventories: industry surveys
    • Government current expenditures: public accounts
    • International imports and exports: customs data (data exchange with USA) for merchandise, survey data for services
    • Inter-provincial imports and exports: combination of survey data and modeling
    04/23/10 Statistics Canada • Statistique Canada
  • 14. Part 2: Regional Input Output Tables
    • Balancing:
    • National & provincial/territorial supply/use data are balanced in successive iterations
    • National balancing adjustments serve as a guide for provincial/territorial adjustments
    • Implications at provincial/territorial level provide feedback loop for re-adjusting national estimates (i.e. Petroleum extraction = 7% of national GDP, 31% of Alberta provincial GDP)
    04/23/10 Statistics Canada • Statistique Canada
  • 15. Part 2: Regional Input Output Tables
    • Deflation:
    • Regional I/O tables are in C$ only.
    • National I/O tables are deflated to K$.
    04/23/10 Statistics Canada • Statistique Canada
  • 16. Part 3: Regional Income and Expenditure Accounts
    • Topics
    • Timing
    • Benchmarking
    • Detail
    • Data Sources
    • Deflation
    04/23/10 Statistics Canada • Statistique Canada
  • 17. Part 3: Regional Income and Expenditure Accounts
    • Timing:
    • Preliminary estimates published 4 months after reference period (i.e. 2008 estimates published April 2009)
    • Revised estimates for most recent 4 years published 7 months later (i.e. 2005-2008 revised estimates published November 2009)
    • Revisions incorporate most recent I/O tables + all other new information
    04/23/10 Statistics Canada • Statistique Canada
  • 18. Part 3: Regional Income and Expenditure Accounts
    • Timing (continued):
    • National IEA revised estimates for most recent 4 years published in May (i.e. 2005-2008 revised estimates published May 2009)
    • Plan to move to single annual release of regional IEA, concurrent with national IEA by May 2013
    04/23/10 Statistics Canada • Statistique Canada
  • 19. Part 3: Regional Income and Expenditure Accounts
    • Benchmarking:
    • Regional IEA C$ benchmarked to regional I/O C$ (up to 2006 so far)
    • Regional IEA C$ benchmarked to national IEA C$ (2007 & 2008)
    • Regional IEA K$ benchmarked to national IEA K$ (all years)
    • National IEA C$ benchmarked to national I/O C$
    • National IEA K$ not benchmarked to national I/O K$
    • National and regional GDP in IEA very similar to national and regional GDP by industry, but not identical
    04/23/10 Statistics Canada • Statistique Canada
  • 20. Part 3: Regional Income and Expenditure Accounts
    • Detail - Aggregates:
    • GDP at market prices income based (C$) and expenditure based (C$ & K$)
    • Net Domestic Product at basic prices(C$)
    04/23/10 Statistics Canada • Statistique Canada
  • 21. Part 3: Regional Income and Expenditure Accounts
    • Detail - Income:
    • Labour Income – 16 industrial sectors
    • Corporate Profits – total economy; no industrial detail
    04/23/10 Statistics Canada • Statistique Canada
  • 22. Part 3: Regional Income and Expenditure Accounts
    • Detail – Expenditures:
    • Personal Expenditures: about 60 categories of goods and services
    • Capital Expenditure:
      • Residential structures, buildings, engineering structures, 10 categories of machinery & equipment
      • All broken down by government and business
    04/23/10 Statistics Canada • Statistique Canada
  • 23. Part 3: Regional Income and Expenditure Accounts
    • Detail – Expenditures (continued):
    • Imports and Exports: 9 goods categories, 5 service categories
    04/23/10 Statistics Canada • Statistique Canada
  • 24. Part 3: Regional Income and Expenditure Accounts
    • Detail – Sector Accounts:
    • Sources and disposition of personal income (includes persons, unincorporated businesses and non-profit institutions serving households)
    • Government sector tax revenue, investment income, transfer payments, subsidies
    04/23/10 Statistics Canada • Statistique Canada
  • 25. Part 3: Regional Income and Expenditure Accounts
    • Data Sources:
    • Corporate profits – quarterly survey of financial statements, income tax data
    • Labour income – monthly household survey of labour force, monthly payroll survey, administrative data
    04/23/10 Statistics Canada • Statistique Canada
  • 26. Part 3: Regional Income and Expenditure Accounts
    • Data Sources (continued):
    • Personal expenditures - monthly retail trade survey, annual survey of household spending, service industry surveys, administrative data
    • Capital expenditures - annual capital expenditure survey, monthly construction payroll data, monthly manufacturing survey (shipments of building materials and machinery and equipment) and international trade data ( machinery and equipment)
    04/23/10 Statistics Canada • Statistique Canada
  • 27. Part 3: Regional Income and Expenditure Accounts
    • Data Sources (continued):
    • International merchandise trade – monthly customs data (provincial allocation is challenging)
    • International services trade – quarterly and annual surveys
    • Inter-provincial trade – model based on input output tables trade flows & aggregate production and demand data
    04/23/10 Statistics Canada • Statistique Canada
  • 28. Part 3: Regional Income and Expenditure Accounts
    • Deflation:
    • Personal expenditures – consumer price index
    • Engineering construction expenditures – labour and material input prices
    • Home & building construction expenditures – building price index
    • Machinery and equipment – machinery and equipment price indexes
    04/23/10 Statistics Canada • Statistique Canada
  • 29. Part 3: Regional Income and Expenditure Accounts
    • Deflation:
    • Government current expenditures – hourly wages of government employees
    • Exports – unit values, domestic producer price indexes (exchange rate pass-through assumption)
    • Imports - unit values, foreign producer price indexes (exchange rate pass-through assumption)
    04/23/10 Statistics Canada • Statistique Canada
  • 30. Part 4: Regional GDP by industry
    • Topics
    • Timing
    • Detail
    • Data Sources
    • Deflation
    04/23/10 Statistics Canada • Statistique Canada
  • 31. Part 4: Regional GDP by industry
    • Timing:
    • Same publication dates as the regional income and expenditure accounts
    04/23/10 Statistics Canada • Statistique Canada
  • 32. Part 4: Regional GDP by industry
    • Detail:
    • Same level of industry detail as found in the regional input-output tables
    04/23/10 Statistics Canada • Statistique Canada
  • 33. Part 4: Regional GDP by industry
    • Data Sources:
    • Monthly and annual industry surveys
    • Monthly payroll survey
    • Administrative data
    04/23/10 Statistics Canada • Statistique Canada
  • 34. Part 4: Regional GDP by industry
    • Deflation:
    04/23/10 Statistics Canada • Statistique Canada
  • 35. Reference Documents
    • Guide to the Income and Expenditure Accounts, Catalogue no. 13-017-X, www.statcan.gc.ca
    • Gross Domestic Product by Industry Sources and Methods with Industry Details, Catalogue no. 15-548-XIE, www.statcan.gc.ca
    • Chain Fisher Volume Index Methodology, Catalogue no. 13-604-MIE — No. 42, www.statcan.gc.ca
    04/23/10 Statistics Canada • Statistique Canada