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Estimates Revision: Canada subnational - Personal income
Wednesday, 28 Aug 2019 12:26 ET
By Richard Grim
Summary
July 2019 -- To improve the quality of our estimates of personal income for provinces and metro areas in Canada, we have changed the benchmark dataset and deflator (88 quarterly series revised from 1976).
Detail

Motivation: Statistics Canada (CANSIM) reports personal income tax and household disposable income for the provinces. These values (a) closely align with our typical practice to estimate income (i.e., a preference for national accounts as inputs) and (b) extend history back to 1961.

Response at the county level: Changed the benchmark from family income to household income.

  • Before: At constant prices, benchmark personal income to family income (Statistics Canada). Convert to current prices by applying a deflator (calculated from the Moody's Analytics estimates of GDP at current and constant prices).
  • After: At current prices, benchmark personal income to household income (Statistics Canada). Convert to constant prices by applying an implicit price deflator (calculated from household final consumption expenditure at current and constant prices (Statistics Canada)).

Response at the province geo level: Changed the benchmark.

  • Before: As at the country level.
  • After: At current prices, benchmark personal income to the sum of household primary income, current transfers received, and net property income (Statistics Canada). Convert to constant prices as at the country level.

Response at the CMA geo level: Share out from provinces rather than estimate separately.

  • Before: As at the province level.
  • After: Create CMA shares using family income (Statistics Canada) or estimated GDP (Moody's Analytics), then share out the provincial values.

What you will see

  • Revised over the interval 1976 to 2016, at current and constant prices, at all geo levels.
  • The two national series are extended to 1961Q1.
  • For the constant-price series, the currency reference year changed from 2013 to 2012.
  • Changed description metadata from "personal household income" to "personal income".

Properties: Millions of Canadian dollars at current prices (Mil. CAD), or constant year-2012 prices (Mil. 2012 CAD), seasonally adjusted at an annualized rate (SAAR).

The estimates reside in the historical catalog (Canada » Income » Moody's Analytics Estimated » Aggregate personal income) and include, for example:

  • RYPQ.ICAN       = Personal income - Total, (Mil. CAD, SAAR)
  • RYPQ.ICAN_AB    = Personal income - Total, (Mil. CAD, SAAR) - for Alberta
  • RYP$Q.ICAN_MQUC = Personal income - Total, (Mil. 2012 CAD, SAAR) - for Quebec CMA

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

See also

Other
Related ReleasePersonal Income
SourceMoody's Analytics (ECCA)
FrequencyQuarterly
GeographyCanada
Upcoming
Release DateReference date
16 Dec 20193Q 2019
Related ReleasePersonal Income - Subnational
SourceMoody's Analytics (ECCA)
FrequencyQuarterly
GeographyCanada
Upcoming
Release DateReference date
05 Nov 20194Q 2018
03 Dec 20194Q 2019
06 Nov 20204Q 2019