Latest Developments in the Canadian Economic Accounts
2023
An overview of revisions to the Financial and Wealth Accounts, 1990 to 2023
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 2023 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 2020 to 2022 Revisions of the Income and Expenditure Accounts
This article presents revisions to the Gross Domestic Product (GDP) by Income and by Expenditure from the Income and Expenditure Accounts (IEA) for the 2020 to 2022 period. These revisions were reflected in the 2022 Provincial and Territorial Economic Accounts estimates, released on November 8, 2023.
The 1986 to 2022 revisions of the National Tourism Indicators
This article explains the impact of new and revised data on the National Tourism Indicators (NTI). With the release of the fourth quarter 2022 estimates of the NTI in March 2023, all data were revised from the first quarter of 1986 to the third quarter of 2022. Estimates for all of 2022 were revised again with the release of the first quarter of 2023 NTI in June 2023, now including the fourth quarter of 2022.
Enterprise surveys and the measurement of digital trade in services in Canada
Statistics Canada has been making digital activities visible and more robust in international trade in services through two new initiatives, which focus on the concept of digital intensity. This paper will provide information on how digital intensity of services exporters as an indicator is evolving within the International trade in services program, and will highlight developments in measuring imports into Canada from non-resident digital intermediaries. Key results on cross-border digital services in 2020 will be highlighted.
Canadian regional labour statistics and inter-regional movements of paid workers, 2001 to 2021
This paper focuses on the new regional labour statistics built based on the economic regions where people work. It reviews the methodology in creating these new experimental regional labour statistics. The data allow us to analyse regional labour markets as well as to track the flows of workers from one economic region to other regions.
This paper is the first that compares such statistics over an entire a decade (2010 with 2021) and investigates the extent that the COVID-19 pandemic restrictions affected employment and labour movements among regional economies.
An analysis of Canadian business support programs in response to the global COVID-19 pandemic
With the emergence of COVID-19, Canadian governments at all levels adopted policy initiatives to address the financial challenges faced by businesses. The policies were broad in both scope and variety and altogether represented billions of dollars in support.
This article examines these programs including the characteristics of recipients using preliminary data from the Canadian COVID-19 Business Support Measures Database (CCBSM), a standardized set of data covering government support programs for businesses.
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