TD 1-2: Gross Domestic Product by Industry (NAICS Basis) (Current value, billions of U.S. dollars)


  Canada

A break in the data series occurred in the year 2009. Please refer to the following document for a detailed explanation:

http://www23.statcan.gc.ca/imdb-bmdi/document/1401_D12_T9_V1-eng.pdf

The industry categories included in Table 1-2 are broad aggregates for economic activity grouped by industry as defined in the 2002 version of the North American Industry Classification System (NAICS). More information on the Canadian NAICS and the concordance between NAICS and the previously used Canadian Standard Industrial Classification (SIC) can be found at the following web address:

http://www.statcan.gc.ca/concepts/industry-industrie-eng.htm

In Table 1-2, GDP or value added are measured at basic prices. The basic prices measure adds to the factor cost measure some taxes on production (such as property and payroll taxes, but not federal or provincial sales taxes), and subtracts some subsidies (such as labour-related subsidies, but not product-related subsidies). The end result is that this basic prices measure of GDP stands somewhere in between the lower and upper bounds defined by the factor cost and market price measures, respectively (see table below).GDP at basic prices excludes all taxes on production and includes all subsidies, if they are on intermediate inputs. Payroll taxes are payments to government arising out of the input of labour services, and property taxes are levies on the capital services of buildings and other property. They are both part of production and are included in the basic price measure. On the other hand, subsidies to labour and capital are deducted from the gross revenues of these factors as they are payments by governments rather than earnings.The difference between the most common measures of GDP can be illustrated using data from the 1997 Input-Output tables in Canadian constant prices as follows:

  1. Value of output at modified basic prices for total economy (in billions): 1664
  2. Plus value of subsidies on products:8
  3. Less value of intermediate goods at purchasers’ prices (including taxes) : 855

equals

  1. Gross Domestic Product at basic prices: 817
  2. Less other taxes on production (i.e., excluding taxes on products): 49
  3. Plus other subsidies on production:1

equals

  1. Gross Domestic Product at factor cost: 769
  2. Plus net taxes on production (taxes less subsidies):116

equals

  Mexico

Gross value added is reported in its valuation at basic prices with 2008 as base year; for 2003-2014 series the information is taken from the publication of the goods and services account 2014, 1st version.

Financial Intermediation Services Indirectly Measured (FISIM) and other taxes on production are included in each one of the sectors

Economic activities listed in this table are presented at the sector and subsector of economic activity according to the 2007 version of the North American Industry Classification System (NAICS). The correspondence table between this classification system and the Mexican National Account System 1993 and 2002 can be found at http://www.inegi.org.mx.

The categories of economic activities according to the NAICS allow greater comparability in the figures of the three countries.

The retail sector includes wholesale and retail trade; it is important to clarify that the code in the NAICS from Mexico corresponds to sectors 43-46.

The calculation of this variable, in most activities, begins with the estimation of gross value of output at basic prices. Then intermediate consumption at purchase price values are subtracted to obtain as residual the gross value added at basic prices.

  United States

The North American Industry Classification System (NAICS), which went into effect for the reference year 1997 in Canada and 1998 in the United States and Mexico, allows for greater data comparability and consistency across the three countries than Standard Industrial Classification (SIC) codes.

Information and Cultural Industries includes “Information” only as defined by Bureau of Economic Analysis (BEA).

Support Activities is “Other transportation and support activities” as defined by BEA.

Postal, Courier, Warehousing and Storage include “Warehousing and Storage” only as defined by Bureau of Economic Analysis (BEA).

Mining, Oil, and Gas Extraction is the sum of “Mining”, “Oil and Gas Extraction” and support activities for mining as defined by BEA.

Total economy is “Gross Domestic Product” as defined by BEA. The GDP total does not equal the sum of industry categories due to the statistical discrepancy reported in the source data but omitted in this table.

Public Administration is “Government” as defined by BEA.

Other Services, except Public Administration is “Other services, except government” as defined by BEA.

The Bureau of Economic Analysis (BEA) does not include statistics for some of the detailed components of value added in the published tables because their quality is significantly less than that of the higher level aggregates in which they are included. Compared to these aggregates, the more detailed statistics are more likely to be either based on judgmental trends, on trends in the higher level aggregate, or on less reliable source data. Detailed explanations can be found at http://www.bea.gov/industry/iedguide.htm#gpo.

The industry categories included in this table are broad aggregates for economic activity grouped by industry as defined in the 2007 version of the North American Industry Classification System (NAICS).