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D1,3.canada's ptea

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D1,3.canada's ptea

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

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