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Data Change: Canada - GDP(E) and GDP(I) - Cannabis
Wednesday, 06 Mar 2019 09:42 ET
By Keith Golden
Summary
March 2019 -- Concurrent with dissemination of the 2018Q4 results for gross domestic product by expenditure and income, the source has added cannabis, issued revisions to existing series, and extended select series (three new quarterly series from 1961, 273 quarterly series revised from 1961).
Detail

On 1 March, the source wrote (citation):

This release incorporates legal and illegal economic activities related to cannabis for non-medical and medical use, which have been incorporated in national accounts time series back to 1961 to preserve time series continuity. Non-medical use became legal on October 17, 2018. For more information on the impact of cannabis-related key economic statistics please consult the following document, "Incorporating the cannabis market in the national economic accounts, fourth quarter 2018."

Additionally, the source has extended a subset of series by 20 years, i.e., the start date has changed from 1981Q1 to 1961Q1.

In response, we have:

  1. Added two new series from 1961Q1.
  2. Added one previously omitted series from 1961Q1.
  3. Updated industry descriptors for two series (NACEHCEABTAQ.ICAN, NALEHCEABTAQ.ICAN) from "Alcoholic beverages and tobacco [C12]" to "Alcoholic beverages; tobacco; cannabis [C12]".
  4. Synchronized our extract with the revisions.

Dataset properties:

  • Measurements:
    • Millions of current Canadian dollars (Mil. CAD)
    • Millions of chained year-2012 Canadian dollars (Mil. Ch. 2012 CAD)
    • Fixed-base value index relative to 2012 (Index 2012=100)
    • Fixed-base volume index relative to 212 (Vol. Index 2012=100)
    • Percentage points (% pt.)
  • Adjustments:
    • Seasonally adjusted and an annual rate (SAAR)
    • Not seasonally adjusted (NSA)
  • Geo coverage: Country
  • Native frequency: Quarterly
  • Start date: 1961Q1

The series reside in the historical catalog (Canada » National Accounts » by Expenditure » Reference 2012 » Quarterly) and include, for example:

  • NALEHCEABTAQ.ICAN = National accounts: Household final consumption expenditure - Alcoholic beverages; tobacco; cannabis [C12], (Mil. CAD, SAAR)
  • NACEHCE123AQ.ICAN = National accounts: Household final consumption expenditure - Cannabis [C123], (Mil. Ch. 2012 CAD, SAAR)

And (Canada » National Accounts » by Income » Quarterly » Current Prices » Key series), for example:

  • NALICFCUBAQ.ICAN = National accounts: Income approach - Consumption of fixed capital - Unincorporated businesses, (Mil. CAD, SAAR)

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.

Please be aware that

A subset of series have been extended by the source from 1961Q1 to 1980Q4. Previously, we extended over this interval. Now, we have synchronized to the source and deleted the "Moody's Analytics Calculated" secondary source citation.

Total GDP (expenditure approach) (NACEGDPMPAQ.ICAN) was revised over all periods, by between -0.5 and 0.3%.

See also

Other
Related ReleaseCanadian Economic Accounts (GDP)(CANSIM)
SourceStatistics Canada
FrequencyQuarterly
GeographyCanada
Catalog
Upcoming
Release DateReference date
28 Feb 20204Q 2019