EstimationĪt the heart of the System of National Accounts is the concept of 'economic production'. Numerous external and administrative sources of data are also used. Major suppliers of data within Statistics Canada include: Agriculture Division, Investment and Capital Stock Division, Income Statistics Division, International Trade Division, Distributive Trades Division, Manufacturing, Construction and Energy Division, Industrial Organization and Finance Division, Labour Division, Prices Division, Public Institutions Division, and Tax Data Division. A large amount of information from various survey divisions within the bureau, along with other data, is compiled, integrated and analyzed as part of the complex process of arriving at GDP and its component categories and underlying sector accounts. The IEA measure of macroeconomic activity on a quarterly basis, as represented by income and expenditure-based GDP, relies heavily on a wealth of information from various areas of Statistics Canada. Data sourcesĭata are extracted from administrative files and derived from other Statistics Canada surveys and/or other sources. The Canadian economy (persons and unincorporated business, corporations, governments and non-residents). The two measures of GDP may not be equal to each other, giving rise to a statistical discrepancy.įor a more complete, though brief, description, please refer to the document entitled "Overview of the National Income and Expenditure Accounts" available in the "Documentation" section located at the end of the detailed information for this survey. The second is the sum of all sales to final users (consumers, governments, business on capital account, exports less imports). The first is the sum of factor incomes generated by productive activity - that is, incomes representing the returns to the labour and capital employed. It is a measure of aggregate economic activity that represents the unduplicated value of production in two ways: (i) Incomes arising from production and (ii) final expenditures on production. The accounts provide both a planning framework for governments and a report card on the results of the plans that governments carry out.Īt the core of the Income and Expenditure Accounts (IEA) is the concept of Gross domestic product (GDP) and its components. They are a means by which Canadians can view and assess the performance of the national economy. They are used in a broad assortment of applications by a wide range of persons and groups in society. The Income and Expenditure Accounts are the centre of macroeconomic analysis and policy-making in Canada. The National Income and Expenditure Accounts (IEA) give a comprehensive statistical picture of Canadian economic developments.
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