Third Quarter of 2015 (July, August, September) Ontario Ministry of Finance Any questions or comments on the Ontario Economic Accounts can be directed to: Ministry of Finance Economic and Revenue Forecasting and Analysis Branch Current Analysis Unit 6th Floor, Frost Building North 95 Grosvenor Street Toronto ON M7A 1Z1 416 325-0755 Ontario Economic Accounts website: www.fin.gov.on.ca/en/economy/ecaccts © Queen’s Printer for Ontario, 2016 ISSN 0828-3877 (Print) ISSN 1496-8452 (PDF/HTML) Ce document est disponible en français January 2016 Table of Contents Third Quarter 2015 Summary ..................................................................................................................... 1 Real Expenditure Details............................................................................................................................... 3 Income Details ................................................................................................................................................ 5 Economy-Wide Price Details ....................................................................................................................... 6 Production By Industry Details ................................................................................................................... 7 List of Tables.................................................................................................................................................. 13 Analytical Tables and Charts 2001:Q1-2015:Q3 ................................................................................... 41 Ontario Economic Accounts: Third Quarter 2015 Page 1 THIRD QUARTER (JULY-SEPTEMBER) 2015 SUMMARY Ontario’s real Gross Domestic Product (GDP) advanced 0.9% (3.5% annualized) in the third quarter of 2015, after rising 0.4% (1.7% annualized) in the second quarter. Ontario Real GDP Rises in Third Quarter Per Cent Change 2.0 Household spending increased 0.7%, driven by a solid rise in durable goods spending, mainly automobile purchases. Investment in residential construction rose 0.7%, following a 1.3% advance in the second quarter. 1.5 1.0 +0.9 0.5 0.0 -0.5 2011 2012 2013 2014 2015 Capital spending on machinery and equipment decreased 0.6%, the third consecutive quarterly decline, while investment in non-residential construction rose 1.5%, following a 4.2% gain in the second quarter. Businesses increased inventories by $1.4 billion, after accumulating $5.5 billion in the second quarter. Exports advanced 3.0%, the strongest quarterly gain since 2013. Imports edged down 0.1% in the quarter. Current dollar GDP grew by 1.3% in the third quarter, after rising 0.7% in the second quarter. Compensation of employees rose 0.7%, while the net operating surplus of corporations declined 0.8% in the quarter. Economy-wide prices increased 0.5%, after rising 0.3% in the second quarter. Economic production, measured on an industry basis, advanced 0.9% in the third quarter. Output in the goods sector rose 1.6%, while service sector activity grew by 0.7%. Page 2 Ontario Economic Accounts: Third Quarter 2015 ONTARIO ECONOMIC ACCOUNTS: HIGHLIGHTS (% change from previous period) Real GDP (Chained $2007) (annualized rate) Household spending Government current spending Residential construction Non-residential construction Machinery & equipment Intellectual property products Final Domestic Demand Exports Imports Business inventories change ($2007 billions) Nominal GDP ($Current) Compensation of employees Net operating surplus for corporations Primary household income Household disposable income Implicit price index, GDP 2013 2014 2014q4 2015q1 2015q2 2015q3 1.3 2.7 2.0 0.0 -1.7 -5.6 -22.2 -4.7 -0.3 2.0 -1.0 3.1 2.5 0.7 0.4 1.6 6.9 -2.8 1.9 1.9 1.1 4.9 0.8 3.3 0.7 0.2 -0.3 1.7 6.9 0.4 0.8 -0.6 1.1 5.7 0.2 0.8 0.6 1.1 2.3 1.5 -0.6 -4.4 0.7 -2.0 -0.4 8.4 0.4 1.7 0.9 0.4 1.3 4.2 -4.7 -0.3 0.7 0.2 0.1 5.5 0.9 3.5 0.7 -0.3 0.7 1.5 -0.6 -1.7 0.4 3.0 -0.1 1.4 1.9 3.3 -5.8 3.2 3.7 0.6 4.1 3.3 12.7 3.5 2.5 1.4 0.4 0.3 0.6 0.5 0.0 -0.4 0.6 1.4 -3.6 0.9 0.5 0.4 0.7 0.7 1.2 1.2 1.8 0.3 1.3 0.7 -0.8 0.6 1.3 0.5 Ontario Economic Accounts: Third Quarter 2015 Page 3 THIRD QUARTER REAL EXPENDITURE DETAILS HOUSEHOLD SPENDING CONTINUES TO RISE IN THIRD QUARTER Household spending increased 0.7%, after rising 0.9% in the second quarter. Real Household Spending Up in Third Quarter Per Cent Change 1.6 1.2 Spending on consumer durables rose 2.6%, following a 3.2% increase in the second quarter. The overall third-quarter gain was largely driven by a 4.5% increase in motor vehicle purchases. Spending on non-durables (+0.9%) and services (+0.3%) also contributed to the overall rise in consumer expenditures in the quarter. 0.8 +0.7 0.4 0.0 -0.4 2011 RESIDENTIAL CONSTRUCTION UP IN THIRD QUARTER Residential construction investment increased 0.7%, after rising 1.3% in the second quarter. Spending on new housing construction increased strongly, but was partially offset by lower renovation spending and ownership transfer costs in the quarter. 2012 2013 2014 2015 Real Residential Construction Up in Third Quarter Per Cent Change 8.0 6.0 4.0 2.0 +0.7 0.0 -2.0 -4.0 2011 BUSINESS INVESTMENT IN MACHINERY AND EQUIPMENT DECLINES Investment in machinery and equipment declined 0.6%, following a 4.7% decrease in the second quarter. 2012 2013 2014 2015 Real Machinery and Equipment Investment Lower in Third Quarter Per Cent Change 20.0 15.0 10.0 5.0 -0.6 0.0 -5.0 Investment in non-residential construction rose 1.5%, the seventh consecutive quarterly increase. -10.0 -15.0 -20.0 2011 2012 2013 2014 2015 Page 4 Ontario Economic Accounts: Third Quarter 2015 INVENTORY ACCUMULATION SLOWS Non-farm inventory accumulation slowed as businesses added $1.4 billion ($2007) worth of goods to inventories, down from $5.5 billion in the second quarter. The third quarter inventory buildup occurred in the manufacturing and retail sectors, while wholesale inventories declined. Change in Business Inventories $ 2007 Billions 10 8 6 4 2 1.4B 0 -2 2011 EXPORTS RISE AND IMPORTS DECLINE IN THIRD QUARTER Exports of goods and services advanced 3.0%, rising from a 0.2% second-quarter gain. Imports of goods and services edged down 0.1%, following a 0.1% increase in the previous quarter. 2012 2013 2014 2015 Exports Rise and Imports Decline in Third Quarter $ 2007 Billions $ 2007 Billions 360 Real Imports (left axis) 340 Real Exports (left axis) 320 International merchandise exports rose a strong 5.8%, following a 0.7% increase in the second quarter. Export gains were broadly-based with strong increases in automotive products, industrial machinery and equipment, and consumer goods. Net Trade (right axis) 300 280 260 240 2011 2012 2013 2014 35 30 25 20 15 10 5 0 -5 -10 -15 2015 International merchandise imports declined 0.1%, driven by lower imports of motor vehicles, consumer goods, and metal and non-metallic mineral products. Ontario Economic Accounts: Third Quarter 2015 Page 5 THIRD QUARTER INCOME DETAILS NOMINAL GDP GROWTH ACCELERATES IN THIRD QUARTER Gross Domestic Product measured in current dollars increased 1.3% in the third quarter, following a 0.7% advance in the second quarter. Nominal GDP Continues to Rise in Third Quarter Per Cent Change 3.0 Nominal GDP Compensation of Employees 2.0 Compensation of employees rose 0.7%, matching the second quarter gain. 1.0 The net operating surplus of corporations (largely corporate profits) declined 0.8%, following a 1.2% second-quarter advance. -1.0 0.0 2011 2012 2013 2014 2015 Page 6 Ontario Economic Accounts: Third Quarter 2015 THIRD QUARTER ECONOMY-WIDE PRICE DETAILS PRICES RISE IN THIRD QUARTER Economy-wide prices, as measured by the GDP implicit price index, increased 0.5%, after rising 0.3% in the second quarter. The implicit price index for final domestic demand rose 0.8%, the largest gain since the first quarter of 2014. Economy-wide Prices Higher in Third Quarter Per Cent Change 1.4 1.0 0.6 Prices for household expenditures increased 0.6%, after advancing 0.4% in the second quarter. Prices for furniture, clothing and natural gas all increased in the third quarter, but were partially offset by lower gasoline prices. 0.2 -0.2 -0.6 Overall GDP Prices Final Domestic Demand Prices -1.0 2011 2012 2013 2014 2015 Machinery and equipment prices increased 4.2%, while non-residential construction prices declined 0.5% in the third quarter. Residential construction prices rose 1.2%, the ninth consecutive quarterly increase. Rising import prices (+2.8%) outpaced higher export prices (+2.0%) in the third quarter. The Canadian dollar depreciated by 6.1% relative to the U.S. dollar in the quarter. Ontario Economic Accounts: Third Quarter 2015 Page 7 ONTARIO PRODUCTION BY INDUSTRY DETAILS HIGHLIGHTS Ontario’s real output by industry rose 0.9% in the third quarter of 2015. Output by the goodsproducing sector increased 1.6%, led by a strong increase in manufacturing production. Service sector output increased 0.7% with solid contributions from finance and insurance, real estate and leasing and retail trade. ONTARIO OUTPUT BY INDUSTRY (% change from previous period, chained $2007) 2013 2014 2014q4 2015q1 2015q2 2015q3 -0.6 2.5 0.1 0.4 -0.6 1.6 Primary Industries 4.0 1.2 -3.2 1.3 -0.7 0.2 Utilities 5.4 0.2 2.4 1.7 -4.0 -2.7 Construction -2.6 1.3 0.6 1.1 0.1 1.0 Manufacturing -1.2 3.7 0.3 -0.8 -0.3 2.8 -3.6 5.4 2.6 -5.8 -0.4 7.0 1.7 2.5 0.7 0.3 0.9 0.7 Wholesale Trade 0.1 5.2 1.5 -3.8 3.4 -1.3 Retail Trade 3.0 4.0 1.0 0.5 1.6 1.2 Transportation and Warehousing 0.6 3.4 0.5 0.0 0.0 1.0 Information and Cultural Industries 1.5 0.3 -1.5 0.6 1.3 0.3 Finance and Insurance 4.3 4.3 1.2 1.2 0.3 1.2 Real Estate and Leasing 2.3 2.2 0.7 0.5 1.5 1.5 Professional and Administrative Services 1.7 2.2 0.7 0.3 -0.4 0.5 Management of Companies and Enterprises 3.6 0.4 2.4 1.9 -4.5 1.1 Education 1.1 0.5 1.4 0.6 -0.1 -1.0 Health Care and Social Services 1.2 1.2 -0.1 0.8 0.9 1.0 Arts, Entertainment and Recreation 2.4 0.9 0.2 3.8 6.9 2.8 Accommodation and Food 2.5 4.5 0.6 -1.7 1.7 0.7 Other Services 3.6 2.4 -0.3 -0.2 -0.6 0.8 -0.7 1.0 0.8 0.4 0.4 0.6 1.2 2.5 0.6 0.3 0.5 0.9 Goods Sector Of which: Auto Industry Service Sector Public Administration Ontario Output at Basic Prices Note: Output by industry is defined as real gross domestic product (GDP) at basic prices in chained 2007 dollars. GDP at basic prices includes taxes net of subsidies on labour and capital inputs, but not taxes on final products. Page 8 Ontario Economic Accounts: Third Quarter 2015 MANUFACTURING PRODUCTION UP, LED BY AUTO SECTOR Manufacturing sector output increased 2.8% in the third quarter, following a 0.3% decline in the second quarter. Ten of the eleven manufacturing industries had higher production in the quarter. Electrical and electronic products (-1.9%) posted the only decline, following two quarterly increases. The strongest manufacturing production gains occurred in wood products and furniture (+6.1%) and transportation equipment (+5.6%). Also posting higher output in the quarter were food, beverage and tobacco products (+1.4%) and plastic and rubber products (+3.5%). Manufacturing Output Up in Third Quarter $ 2007 Billions 85 80 75 70 2011 2012 2013 2014 2015 Wood Products and Furniture Up in Third Quarter $ 2007 Billions 4.0 3.5 3.0 2.5 2011 Within the transportation equipment industry, a strong 7.0% rebound in automotive vehicle and parts production led the gain in the quarter, following temporary plant closures for retooling in the first half of the year. Output in other transportation equipment, which is primarily composed of the aerospace sector, decreased 1.4% in the third quarter. 2012 2013 2014 2015 Transportation Equipment Output Increases in Third Quarter $ 2007 Billions 22 20 18 16 14 2011 2012 2013 2014 2015 Ontario Economic Accounts: Third Quarter 2015 Page 9 PRIMARY INDUSTRIES HIGHER WHILE UTILITIES LOWER Output in primary industries edged up 0.2% in the quarter, gains in mining (+1.3%) were partly offset by lower production in agriculture, forestry, fishing and hunting (-1.3%). Utilities Sector Output Down in Third Quarter $ 2007 Billions 13 12 Utilities production declined 2.7% in the third quarter, reflecting lower output from electric power. 11 2011 CONSTRUCTION OUTPUT INCREASES Construction* sector production rose by 1.0%, the seventh consecutive quarterly gain. Output rose in non-residential buildings and engineering (+0.7%) and residential building construction (+1.4%). 2012 2013 2014 2015 Construction Sector Output Up in Third Quarter $ 2007 Billions 36 35 34 33 32 2011 RETAIL TRADE HIGHER WHILE WHOLESALE TRADE DECLINES Output in the retail trade sector rose by 1.2%, the sixth consecutive quarterly gain. Higher sales in motor vehicles and parts along with food and beverage stores led gains in the retail sector. Wholesale trade output declined by 1.3%, following a 3.4% increase in the second quarter. Wholesaling activity in food and beverage along with farm products was lower in the quarter. 2012 2013 2014 2015 Wholesale Down and Retail Output Up in Third Quarter $ 2007 Billions 44 42 40 Wholesale 38 36 34 32 Retail 30 28 2011 2012 2013 2014 2015 *Construction industry output is measured by the value added of the industry. Construction investment, as reported in the expenditure-based GDP accounts, measures the spending on new construction projects. Page 10 Ontario Economic Accounts: Third Quarter 2015 REAL ESTATE AND LEASING OUTPUT HIGHER Output in the real estate and leasing sector rose 1.5%, following a 1.5% increase in the second quarter. Real estate sector output continues to be supported by a strong housing market. Real Estate and Leasing Output Rises in Third Quarter $ 2007 Billions 82 77 72 2011 FINANCE AND INSURANCE OUTPUT UP Output in the finance and insurance sector increased 1.2%, the sixth consecutive quarterly advance, supported by gains in banking and insurance. 2012 2013 2014 2015 Finance and Insurance Output Increases in Third Quarter $ 2007 Billions 62 60 58 56 54 52 50 2011 OTHER SERVICE SECTOR INDUSTRIES In the third quarter, there were also notable gains in health care and social services (+1.0%), transportation and warehousing (+1.0%) and arts, entertainment and recreation (+2.8%). 2012 2013 2014 2015 Arts, Entertainment and Recreation Increases in Third Quarter $ 2007 Billions 6 5 4 3 2011 2012 2013 2014 2015 Ontario Economic Accounts: Third Quarter 2015 Page 11 Structure of the Ontario Economy, 2014 Per Cent Share of Nominal GDP Public Administration 7.5% Other Services** 5.6% Primary 2.0% Utilities 2.2% Construction 6.4% Manufacturing 12.4% Healthcare, Social Services & Education 12.9% Professional & Administrative Services 9.7% Real Estate and Renting and Leasing* 13.1% Wholesale & Retail Trade 11.4% Finance and Insurance 9.1% Transportation & Warehousing 3.8% Information & Cultural 3.8% Sources: Statistics Canada and Ontario Ministry of Finance *Includes owner occupied dwellings. **Includes management of companies and enterprises; arts, entertainment and recreation; accommodation and food services; and other services. Page 12 Ontario Economic Accounts: Third Quarter 2015 Ontario Economic Accounts: Third Quarter 2015 Page 13 LIST OF TABLES INCOME AND EXPENDITURE DATA Quarterly Data, 2012:1–2015:3 Table 1: Ontario Gross Domestic Product (Income-Based) ................................................................. 14 Table 2: Ontario Gross Domestic Product (Expenditure-Based) .......................................................... 16 Table 3: Ontario Gross Domestic Product at Chained 2007 Prices ...................................................... 18 Table 4: Sources and Disposition of Ontario Household Income......................................................... 20 Table 5: Ontario Trade .......................................................................................................................... 22 Table 6: Ontario Trade (Chained 2007 Prices) ..................................................................................... 24 Table 7: Ontario Deflators .................................................................................................................... 26 Annual Data, 2011–2014 Table 8: Ontario Gross Domestic Product (Income-Based) ................................................................. 28 Table 9: Ontario Gross Domestic Product (Expenditure-Based) .......................................................... 29 Table 10: Ontario Gross Domestic Product at Chained 2007 Prices .................................................... 30 Table 11: Sources and Disposition of Ontario Household Income....................................................... 31 Table 12: Ontario Trade ........................................................................................................................ 32 Table 13: Ontario Trade (Chained 2007 Prices) ................................................................................... 33 Table 14: Ontario Deflators .................................................................................................................. 34 ONTARIO PRODUCTION BY INDUSTRY AT 2007 PRICES Table 15: Quarterly Data, 2012:1-2015:3 ............................................................................................. 35 Table 16: Annual Data, 2011-2014 ....................................................................................................... 39 2016-01-08 10:03 Page 14 OEA Tables - Quarterly Data ONTARIO GROSS DOMESTIC PRODUCT, INCOME-BASED TABLE 1 Seasonally adjusted data at annual rates, millions of dollars 2012 I 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 1. Compensation of employees (domestic basis) 356,045 359,964 362,594 363,368 369,500 370,584 373,180 376,856 2. Gross operating surplus 161,842 162,638 162,668 160,528 160,986 157,560 158,589 159,156 3. 4. 5. 1.0 Net operating surplus: corporations Consumption of fixed capital: corporations Consumption of fixed capital: government and nonprofit institutions* 6. Gross mixed income 7. 8. Net mixed income Consumption of fixed capital: unincorporated businesses 9. Taxes less subsidies 10. Statistical discrepancy 11. Gross Domestic Product at market prices 0.7 0.2 1.7 0.3 0.7 1.0 0.6 0.5 0.0 -1.3 0.3 -2.1 0.7 0.4 86,268 86,602 86,528 84,203 84,054 79,617 80,112 79,861 1.2 0.4 -0.1 -2.7 -0.2 -5.3 0.6 -0.3 52,890 53,088 53,002 53,061 53,206 53,777 53,904 54,329 -0.4 0.4 -0.2 0.1 0.3 1.1 0.2 0.8 22,684 22,948 23,139 23,265 23,727 24,166 24,573 24,966 0.9 1.2 0.8 0.5 2.0 1.9 1.7 1.6 77,318 77,521 78,625 78,664 78,927 79,794 80,864 81,031 0.9 0.3 1.4 0.0 0.3 1.1 1.3 0.2 58,090 57,967 58,346 58,665 58,973 59,078 59,134 60,239 1.5 -0.2 0.7 0.5 0.5 0.2 0.1 1.9 19,228 19,554 20,279 19,999 19,953 20,716 21,730 20,792 -1.0 1.7 3.7 -1.4 -0.2 3.8 4.9 -4.3 78,658 79,095 79,211 80,344 80,453 80,609 80,488 81,299 1.9 0.6 0.1 1.4 0.1 0.2 -0.1 1.0 181 342 912 -183 237 2,038 734 -45 674,044 679,560 684,010 682,722 690,103 690,584 693,856 698,297 ** Notes: 1.1 1.0 4.1 0.8 3.3 0.7 2.6 -0.2 -0.8 Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 1.1 4.4 0.1 0.3 0.5 1.9 0.6 2.6 OEA Tables - Quarterly Data Page 15 ONTARIO GROSS DOMESTIC PRODUCT, INCOME-BASED TABLE 1 Seasonally adjusted data at annual rates, millions of dollars 2014 I 2015 III 2015 IV 1. Compensation of employees (domestic basis) 380,875 383,486 387,134 388,254 393,791 396,440 399,293 - 0.7 - 2. Gross operating surplus 163,685 169,086 174,869 175,439 174,644 176,103 177,369 - 3. 4. 5. 1.1 Net operating surplus: corporations Consumption of fixed capital: corporations Consumption of fixed capital: government and nonprofit institutions* 6. Gross mixed income 7. 8. Net mixed income Consumption of fixed capital: unincorporated businesses 9. Taxes less subsidies 10. Statistical discrepancy 11. Gross Domestic Product at market prices ** Notes: 2014 II 0.7 2014 III 1.0 2014 IV 0.3 2015 I 1.4 2015 II 0.7 2.8 3.3 3.4 0.3 -0.5 0.8 0.7 - 84,220 89,569 95,238 95,857 92,448 93,578 92,831 - 5.5 6.4 6.3 0.6 -3.6 1.2 -0.8 - 54,381 54,333 54,292 54,142 56,598 56,751 58,260 - 0.1 -0.1 -0.1 -0.3 4.5 0.3 2.7 - 25,085 25,184 25,339 25,441 25,598 25,774 26,279 - 0.5 0.4 0.6 0.4 0.6 0.7 2.0 - 81,567 82,340 83,097 83,728 84,254 85,138 86,122 - 0.7 0.9 0.9 0.8 0.6 1.0 1.2 - 60,322 61,156 61,768 62,478 62,645 63,345 64,041 - 0.1 1.4 1.0 1.2 0.3 1.1 1.1 - 21,244 21,184 21,330 21,250 21,609 21,793 22,081 - 2.2 -0.3 0.7 -0.4 1.7 0.9 1.3 - 82,287 83,071 84,049 84,564 85,376 86,529 87,827 - 1.2 1.0 1.2 0.6 1.0 1.4 1.5 - -130 -1,132 852 758 -652 -1,491 1,965 - 708,283 716,852 730,002 732,743 737,412 742,719 752,577 - 1.4 5.8 1.2 4.9 1.8 7.5 0.4 1.5 Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 0.6 2.6 0.7 2.9 1.3 5.4 - Page 16 OEA Tables - Quarterly Data ONTARIO GROSS DOMESTIC PRODUCT, EXPENDITURE-BASED TABLE 2 Seasonally adjusted data at annual rates, millions of dollars 2012 I 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 1. Final consumption expenditure on goods and services 536,181 535,953 537,956 539,225 548,297 552,060 558,314 560,973 2. 382,070 381,834 382,964 384,841 389,461 394,268 399,311 401,916 Household consumption expenditure 3. Durable goods 4. Semi-durable 5. Non-durable 6. 7. 8. 1.5 Services Government current expenditure 1.7 0.7 1.1 0.5 -0.1 0.3 0.5 1.2 1.2 1.3 0.7 44,541 43,725 43,399 43,451 43,199 45,927 46,477 45,829 3.9 -1.8 -0.7 0.1 -0.6 6.3 1.2 -1.4 27,167 26,519 26,638 26,805 26,903 26,940 27,587 27,618 2.3 -2.4 0.4 0.6 0.4 0.1 2.4 0.1 91,839 91,434 92,094 93,397 94,533 94,045 95,314 96,008 1.9 -0.4 0.7 1.4 1.2 -0.5 1.3 0.7 1.2 0.7 0.3 0.2 1.6 1.1 1.1 1.1 10,648 10,426 10,461 10,402 10,720 10,598 10,861 11,069 1.2 -2.1 0.3 -0.6 3.1 -1.1 2.5 1.9 143,464 143,694 144,532 143,982 148,116 147,193 148,143 147,988 9. Total gross fixed capital formation 0.2 0.6 -0.4 2.9 -0.6 0.6 -0.1 137,934 136,993 135,431 137,667 134,048 130,813 127,977 124,177 1.0 Business gross fixed capital formation Residential structures 12. 0.2 218,522 220,156 220,833 221,189 224,826 227,357 229,934 232,460 *Nonprofit institutions’ final consumption expenditure 11. 0.4 1.8 0.8 10. -0.0 Non-residential structures -0.7 -1.1 1.7 -2.6 -2.4 -2.2 -3.0 109,149 108,215 106,872 109,193 106,296 103,704 100,905 97,808 1.4 -0.9 -1.2 2.2 -2.7 -2.4 -2.7 -3.1 51,211 50,002 49,019 50,168 50,549 50,571 50,180 50,028 4.5 -2.4 -2.0 2.3 0.8 0.0 -0.8 -0.3 21,658 22,263 22,500 23,043 22,068 21,602 21,329 20,877 -4.7 2.8 1.1 2.4 -4.2 -2.1 -1.3 -2.1 23,229 22,536 22,948 20,808 18,840 16,872 14,320 13. Machinery and equipment 22,327 0.1 4.0 -3.0 1.8 -9.3 -9.5 -10.4 -15.1 14. Intellectual property products 13,953 12,721 12,816 13,034 12,871 12,691 12,524 12,582 15. 16. *Nonprofit institutions’ gross fixed capital formation Government capital expenditure 17. Exports of goods and services 3.0 -8.8 0.7 1.7 -1.2 -1.4 -1.3 0.5 954 1,052 1,127 1,243 1,202 1,135 1,024 940 2.2 10.4 7.1 10.3 -3.3 -5.5 -9.8 -8.2 27,832 27,725 27,432 27,231 26,551 25,975 26,049 25,430 -0.8 -0.4 -1.1 -0.7 -2.5 -2.2 0.3 -2.4 344,713 348,788 343,594 340,026 345,675 354,106 352,163 356,896 -0.3 18. Imports of goods and services 1.2 -1.5 -1.0 1.7 2.4 -0.5 1.3 349,149 346,383 335,949 332,143 339,007 345,094 347,479 352,380 0.1 -0.8 -3.0 -1.1 2.1 1.8 0.7 1.4 19. Business investment in inventories 4,227 4,423 3,481 -2,835 738 238 3,449 8,688 20. Nonfarm 3,968 4,359 3,417 -2,524 1,152 754 4,074 9,533 21. Farm 237 40 38 -335 -441 -514 -629 -839 139 -214 -503 782 351 -1,539 -567 -57 22. Statistical discrepancy 23. Gross Domestic Product at market prices ** 24. Final domestic demand 674,044 679,560 684,010 682,722 690,103 690,584 693,856 698,297 1.0 4.1 0.7 2.6 -0.2 -0.8 1.1 4.4 0.1 0.3 0.5 1.9 0.6 2.6 674,115 672,946 673,387 676,892 682,346 682,873 686,291 685,150 1.4 Notes: 0.8 3.3 -0.2 0.1 0.5 Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 0.8 0.1 0.5 -0.2 OEA Tables - Quarterly Data Page 17 ONTARIO GROSS DOMESTIC PRODUCT, EXPENDITURE-BASED TABLE 2 Seasonally adjusted data at annual rates, millions of dollars 2014 I 2015 III 2015 IV 1. Final consumption expenditure on goods and services 567,488 575,134 579,472 582,598 587,797 594,627 601,231 - 1.1 - 2. 406,166 413,665 417,877 420,733 423,336 429,150 435,098 - Household consumption expenditure 3. Durable goods 4. Semi-durable 5. Non-durable 6. 7. 8. 1.2 Services *Nonprofit institutions’ final consumption expenditure Government current expenditure Business gross fixed capital formation 11. Residential structures 12. Non-residential structures 0.8 2014 IV 0.5 2015 I 0.9 2015 II 1.2 1.8 1.0 0.7 0.6 1.4 1.4 - 46,047 47,957 49,668 50,348 50,339 52,360 53,804 - 0.5 4.1 3.6 1.4 -0.0 4.0 2.8 - 27,637 28,484 28,965 29,322 29,509 29,875 30,195 - 0.1 3.1 1.7 1.2 0.6 1.2 1.1 - 97,856 99,771 99,749 99,764 99,473 100,091 101,210 - 1.9 2.0 -0.0 0.0 1.1 - 234,625 237,453 239,495 241,299 244,016 246,823 249,889 -0.3 0.6 - 0.9 1.2 0.9 0.8 1.1 1.2 1.2 - 11,156 11,143 11,217 11,235 11,350 11,540 11,641 - 0.8 -0.1 0.7 0.2 1.0 1.7 0.9 - 150,166 150,326 150,379 150,630 153,111 153,937 154,493 - 0.4 - 127,657 133,652 138,716 142,415 144,573 145,966 148,112 - 2.8 10. 1.3 2014 III 1.1 1.5 9. Total gross fixed capital formation 2014 II 0.1 4.7 0.0 3.8 0.2 2.7 1.6 1.5 0.5 1.0 1.5 - 100,531 105,767 110,116 112,954 115,061 116,339 118,454 - 2.8 5.2 4.1 2.6 1.9 1.1 1.8 - 49,587 52,264 54,008 54,302 55,787 56,750 57,822 - -0.9 5.4 3.3 0.5 2.7 1.7 1.9 - 21,644 22,236 22,784 23,264 23,706 24,678 24,925 - 3.7 2.7 2.5 2.1 1.9 4.1 1.0 - 18,684 20,719 22,526 23,105 22,281 23,064 - 13. Machinery and equipment 16,583 15.8 12.7 10.9 8.7 2.6 -3.6 3.5 - 14. Intellectual property products 12,718 12,583 12,605 12,863 12,463 12,629 12,643 - 15. 16. *Nonprofit institutions’ gross fixed capital formation Government capital expenditure 17. Exports of goods and services 1.1 -1.1 0.2 2.0 -3.1 1.3 0.1 - 1,011 1,079 1,144 1,198 1,168 1,186 1,208 - 7.5 6.8 6.0 4.8 -2.5 1.5 1.9 - 26,115 26,806 27,457 28,262 28,344 28,442 28,450 - 2.7 2.6 2.4 2.9 0.3 0.3 0.0 - 359,747 366,779 378,131 378,723 377,159 378,693 397,767 - 0.8 18. Imports of goods and services 2.0 3.1 0.2 -0.4 0.4 5.0 - 355,767 364,608 367,182 375,659 382,188 383,963 394,185 - 1.0 2.5 0.7 2.3 1.7 0.5 2.7 - 19. Business investment in inventories 8,929 4,769 1,803 5,793 9,419 5,905 1,617 - 20. Nonfarm 8,544 4,356 1,388 5,376 9,500 5,976 1,958 - 21. Farm 393 416 418 421 -86 -78 -350 - 229 1,127 -939 -1,126 652 1,491 -1,965 - 708,283 716,852 730,002 732,743 737,412 742,719 752,577 - 22. Statistical discrepancy 23. Gross Domestic Product at market prices ** 24. Final domestic demand 1.4 5.8 1.3 5.4 - 695,145 708,785 718,188 725,013 732,370 740,593 749,343 - 1.5 Notes: 1.2 4.9 2.0 1.8 7.5 1.3 0.4 1.5 1.0 Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 0.6 2.6 1.0 0.7 2.9 1.1 1.2 - Page 18 OEA Tables - Quarterly Data ONTARIO REAL GROSS DOMESTIC PRODUCT, EXPENDITURE-BASED TABLE 3 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2012 I 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 1. Final consumption expenditure on goods and services 495,107 494,064 495,062 495,930 497,837 501,334 503,991 505,241 2. 358,063 358,377 359,745 361,379 362,691 365,804 368,165 369,341 Household consumption expenditure 3. Durable goods 4. Semi-durable 5. Non-durable 6. 7. 8. 1.1 Services Government current expenditure 0.4 0.7 0.5 0.2 0.1 0.4 0.5 0.4 0.9 0.6 0.3 46,906 46,461 46,030 46,463 45,971 48,455 48,722 48,692 3.4 -0.9 -0.9 0.9 -1.1 5.4 0.6 -0.1 28,233 28,058 28,752 28,918 29,022 29,009 29,597 29,927 0.8 -0.6 2.5 0.6 0.4 -0.0 2.0 1.1 80,861 80,850 81,477 82,101 82,588 82,613 82,959 83,068 1.1 -0.0 0.8 0.8 0.6 0.0 0.4 0.1 0.8 0.4 0.4 0.2 0.5 0.4 0.6 0.4 9,761 9,982 10,055 10,293 10,439 10,090 10,043 9,904 -0.4 2.3 0.7 2.4 1.4 -3.3 -0.5 -1.4 126,724 126,143 125,343 124,598 124,882 125,632 126,031 126,266 9. Total gross fixed capital formation -0.5 -0.6 -0.6 0.2 0.6 0.3 0.2 126,781 125,302 123,615 124,915 121,123 118,141 114,675 110,572 Business gross fixed capital formation Residential structures 12. 0.2 202,122 202,901 203,717 204,136 205,099 205,996 207,228 208,021 *Nonprofit institutions’ final consumption expenditure 11. 0.2 1.1 0.6 10. -0.2 Non-residential structures 0.4 -1.2 -1.3 1.1 -3.0 -2.5 -2.9 -3.6 100,729 98,968 97,546 98,845 95,916 93,807 90,711 87,482 0.7 -1.7 -1.4 1.3 -3.0 -2.2 -3.3 -3.6 44,007 42,820 41,899 42,386 42,428 42,645 41,757 41,442 3.3 -2.7 -2.2 1.2 0.1 0.5 -2.1 -0.8 18,982 19,677 19,613 20,012 19,154 18,702 18,284 17,756 -5.7 3.7 -0.3 2.0 -4.3 -2.4 -2.2 -2.9 24,433 24,194 24,861 22,457 20,266 17,910 15,155 13. Machinery and equipment 23,884 1.0 2.3 -1.0 2.8 -9.7 -9.8 -11.6 -15.4 14. Intellectual property products 12,921 11,556 11,695 11,724 11,498 11,343 11,473 11,350 15. 16. *Nonprofit institutions’ gross fixed capital formation Government capital expenditure 17. Exports of goods and services 2.5 -10.6 1.2 0.3 -1.9 -1.3 1.2 -1.1 905 991 1,055 1,157 1,116 1,053 942 862 1.0 9.5 6.5 9.6 -3.5 -5.6 -10.6 -8.5 25,365 25,428 24,964 24,738 24,007 23,292 23,063 22,345 -1.4 0.2 -1.8 -0.9 -3.0 -3.0 -1.0 -3.1 323,551 325,111 321,455 315,511 320,438 331,049 327,798 331,650 -0.8 18. Imports of goods and services 0.5 -1.1 -1.8 1.6 3.3 -1.0 1.2 326,036 322,220 319,385 315,150 315,685 319,223 315,897 318,667 0.1 -1.2 -0.9 -1.3 0.2 1.1 -1.0 0.9 19. Business investment in inventories 3,987 2,720 2,782 -2,918 72 -793 3,401 9,608 20. Nonfarm 4,130 2,810 2,819 -2,963 897 272 2,985 8,266 21. Farm -143 -90 -36 45 175 -65 -84 -158 148 -173 -437 737 344 -1,403 -513 -56 22. Statistical discrepancy 23. Gross Domestic Product at market prices ** 24. Final domestic demand 622,377 622,748 622,869 622,874 625,473 628,942 632,764 637,093 0.1 0.2 0.0 0.1 0.0 0.0 0.4 1.7 0.6 2.2 0.6 2.5 0.7 2.8 621,224 619,079 618,760 621,317 619,180 619,445 618,379 615,257 1.0 Notes: 0.1 0.2 -0.3 -0.1 0.4 Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. -0.3 0.0 -0.2 -0.5 OEA Tables - Quarterly Data Page 19 ONTARIO REAL GROSS DOMESTIC PRODUCT, EXPENDITURE-BASED TABLE 3 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2014 I 2015 III 2015 IV 1. Final consumption expenditure on goods and services 506,652 511,576 514,410 517,226 521,154 525,188 527,604 - 0.5 - 2. 370,619 374,539 377,786 380,280 382,663 386,209 389,050 - Household consumption expenditure 3. Durable goods 4. Semi-durable 5. Non-durable 6. 7. 8. 0.3 Services *Nonprofit institutions’ final consumption expenditure Government current expenditure 10. Business gross fixed capital formation 11. Residential structures 12. Non-residential structures 1.0 2014 III 0.6 2014 IV 0.5 2015 I 0.8 2015 II 0.8 0.3 1.1 0.9 0.7 0.6 0.9 0.7 - 48,642 50,657 52,260 52,694 52,270 53,935 55,339 - -0.1 4.1 3.2 0.8 -0.8 3.2 2.6 - 29,729 30,269 30,643 30,963 31,345 31,645 31,729 - -0.7 1.8 1.2 1.0 1.2 1.0 0.3 - 83,950 83,551 84,244 85,407 86,271 86,054 86,798 - 1.1 -0.5 0.8 1.4 1.0 -0.3 0.9 - 208,543 210,654 211,434 212,008 213,501 215,405 216,131 - 0.3 1.0 0.4 0.3 0.7 0.9 0.3 - 10,208 10,322 10,553 10,685 10,825 10,933 10,971 - 3.1 1.1 2.2 1.3 1.3 1.0 0.3 - 126,116 127,019 126,496 126,714 128,074 128,597 128,228 - -0.1 9. Total gross fixed capital formation 2014 II 0.7 -0.4 0.2 1.1 0.4 -0.3 - 112,438 116,585 119,861 121,983 122,620 123,139 123,356 - 1.7 3.7 2.8 1.8 0.5 0.4 0.2 - 88,767 92,448 95,193 96,507 97,267 97,770 98,086 - 1.5 4.1 3.0 1.4 0.8 0.5 0.3 - 40,476 42,299 43,111 42,994 43,986 44,555 44,847 - -2.3 4.5 1.9 -0.3 2.3 1.3 0.7 - 18,254 18,619 18,937 19,250 19,538 20,356 20,658 - 2.8 2.0 1.7 1.7 1.5 4.2 1.5 - 19,431 21,423 22,905 22,763 21,703 21,568 - 13. Machinery and equipment 17,249 13.8 12.6 10.3 6.9 -0.6 -4.7 -0.6 - 14. Intellectual property products 11,357 11,012 10,992 11,035 10,550 10,521 10,339 - 15. 16. *Nonprofit institutions’ gross fixed capital formation Government capital expenditure 17. Exports of goods and services 0.1 -3.0 -0.2 0.4 -4.4 -0.3 -1.7 - 920 972 1,026 1,070 1,037 1,048 1,060 - 6.8 5.6 5.6 4.3 -3.1 1.0 1.2 - 22,845 23,195 23,626 24,378 24,285 24,287 24,173 - 2.2 1.5 1.9 3.2 -0.4 0.0 -0.5 - 327,072 331,964 339,641 337,671 331,073 331,817 341,704 - -1.4 18. Imports of goods and services 1.5 2.3 -0.6 -2.0 0.2 3.0 - 313,965 320,815 322,487 326,021 324,783 325,070 324,749 - -1.5 2.2 0.5 1.1 -0.4 0.1 -0.1 - 19. Business investment in inventories 7,458 4,664 2,625 6,329 8,226 5,312 1,251 - 20. Nonfarm 7,402 4,421 2,215 5,690 8,428 5,535 1,443 - 21. Farm 296 279 384 389 -206 -229 -198 - 198 1,009 -846 -1,015 582 1,328 -1,743 - 638,828 644,846 652,196 657,538 658,907 661,731 667,426 - 22. Statistical discrepancy 23. Gross Domestic Product at market prices ** 24. Final domestic demand 0.3 1.1 0.9 3.5 - 618,671 627,911 634,186 639,256 643,812 648,350 650,968 - 0.6 Notes: 0.9 3.8 1.5 1.1 4.6 1.0 0.8 3.3 0.8 Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 0.2 0.8 0.7 0.4 1.7 0.7 0.4 - Page 20 OEA Tables - Quarterly Data SOURCES AND DISPOSITION OF ONTARIO HOUSEHOLD INCOME TABLE 4 Seasonally adjusted data at annual rates, millions of dollars 2012 I 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 1. Compensation of employees (national basis) 352,775 356,176 358,477 358,836 365,175 366,386 369,180 373,035 2. Plus: net mixed income 3. 4. 5. Non-farm Farm Rental income of households 6. Plus: Net property income 7. Equals: Primary household income 8. Plus: Current transfers received 9. Deduct: Current transfers paid 0.9 1.0 0.6 0.1 1.8 0.3 0.8 1.0 58,090 57,967 58,346 58,665 58,973 59,078 59,134 60,239 1.5 -0.2 0.7 0.5 0.5 0.2 0.1 1.9 27,060 27,052 26,970 27,059 26,957 26,778 26,876 26,945 0.2 -0.0 -0.3 0.3 -0.4 -0.7 0.4 0.3 1,079 925 930 829 933 861 814 803 -4.1 -14.2 0.5 -10.8 12.5 -7.7 -5.5 -1.4 29,951 29,990 30,446 30,777 31,084 31,438 31,443 32,491 2.9 0.1 1.5 1.1 1.0 1.1 0.0 3.3 44,299 44,542 43,159 45,111 45,524 45,994 46,279 46,623 3.6 0.5 -3.1 4.5 0.9 1.0 0.6 0.7 455,164 458,685 459,982 462,613 469,673 471,457 474,592 479,897 1.2 0.8 0.3 0.6 1.5 0.4 93,924 92,982 92,867 92,704 94,606 96,999 0.9 -1.0 -0.1 -0.2 2.1 2.5 12. Plus: Change in pension entitlements 13. Equals: Household net saving 14. Household saving rate (percent) 15. Population (thousands) 16. Household disposable income per capita (dollars) 98,302 100,949 1.3 2.7 1.0 0.3 0.3 0.4 1.4 1.4 1.4 380,339 381,280 381,941 383,975 392,302 394,054 396,017 401,555 0.7 11. Deduct: Household final consumption expenditure 1.1 168,748 170,387 170,908 171,341 171,976 174,403 176,878 179,291 2.3 10. Equals: Household disposable income 0.7 0.2 0.2 0.5 2.2 0.4 0.5 1.4 382,070 381,834 382,964 384,841 389,461 394,268 399,311 401,916 1.8 -0.1 0.3 0.5 1.2 1.2 1.3 0.7 16,778 17,044 17,095 16,967 15,381 14,908 16,386 16,318 8.6 1.6 0.3 -0.8 -9.3 -3.1 9.9 -0.4 15,048 16,491 16,073 16,101 18,222 14,693 13,092 15,957 -15.6 9.6 -2.5 0.2 13.2 -19.4 -10.9 21.9 4.0 4.3 4.2 4.2 4.6 3.7 3.3 4.0 13,340 13,366 13,410 13,457 13,477 13,504 13,551 13,604 0.2 0.2 0.3 0.4 0.1 0.2 0.3 0.4 28,512 28,527 28,483 28,533 29,109 29,180 29,224 29,518 0.5 0.1 -0.2 0.2 2.0 0.2 0.2 1.0 Notes: Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Quarterly Data Page 21 SOURCES AND DISPOSITION OF ONTARIO HOUSEHOLD INCOME TABLE 4 Seasonally adjusted data at annual rates, millions of dollars 2014 I 2015 III 2015 IV 1. Compensation of employees (national basis) 376,956 379,452 382,992 384,032 389,507 392,127 394,949 - 2. Plus: net mixed income 3. 4. 5. Non-farm Farm Rental income of households 6. Plus: Net property income 7. Equals: Primary household income 12. Plus: Change in pension entitlements 13. Equals: Household net saving 14. Household saving rate (percent) 15. Population (thousands) 16. Household disposable income per capita (dollars) 2015 II 0.3 1.4 0.7 0.7 - 60,322 61,156 61,768 62,478 62,645 63,345 64,041 - 0.1 1.4 1.0 1.2 0.3 1.1 1.1 - 27,106 27,533 27,940 28,262 28,397 28,535 28,735 - 0.6 1.6 1.5 1.2 0.5 0.5 0.7 - 712 1,005 1,090 1,264 568 599 651 - -11.3 41.1 8.5 15.9 -55.0 5.4 8.6 - 32,505 32,617 32,737 32,953 33,680 34,211 34,655 - 0.0 0.3 0.4 0.7 2.2 1.6 1.3 - 47,889 48,243 47,803 48,558 47,261 49,948 49,688 - 2.7 0.7 -0.9 1.6 -2.7 5.7 -0.5 - 485,168 488,851 492,562 495,067 499,413 505,420 508,678 - 0.6 - 100,648 100,302 101,285 101,509 102,980 105,319 106,875 0.8 - -0.3 0.8 - 403,064 405,027 408,013 408,112 410,095 417,491 422,967 - 0.7 0.0 2.0 2.3 -0.3 0.5 1.4 1.4 1.2 182,751 184,127 185,834 188,464 192,298 193,248 192,586 0.9 0.2 0.9 - 0.8 1.0 0.5 1.5 0.4 11. Deduct: Household final consumption expenditure 2015 I 0.9 1.9 10. Equals: Household disposable income 2014 IV 0.7 -0.3 9. Deduct: Current transfers paid 2014 III 1.1 1.1 8. Plus: Current transfers received 2014 II 0.5 0.5 1.8 1.3 - 406,166 413,665 417,877 420,733 423,336 429,150 435,098 - 1.1 1.8 1.0 0.7 0.6 1.4 1.4 - 17,977 17,338 16,929 17,408 19,014 18,611 16,761 - 10.2 -3.6 -2.4 2.8 9.2 -2.1 -9.9 - 14,876 8,700 7,066 4,786 5,772 6,952 4,631 - -6.8 -41.5 -18.8 -32.3 20.6 20.4 -33.4 - 3.7 2.1 1.7 1.2 1.4 1.7 1.1 - 13,614 13,638 13,678 13,730 13,735 13,752 13,792 - 0.1 0.2 0.3 0.4 0.0 0.1 0.3 - 29,607 29,698 29,831 29,724 29,857 30,358 30,667 - 0.3 0.3 0.4 -0.4 0.4 1.7 1.0 - Notes: Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 22 OEA Tables - Quarterly Data ONTARIO TRADE TABLE 5 Seasonally adjusted data at annual rates, millions of dollars 2012 I 1. Exports of goods and services International Interprovincial 6. International Interprovincial 7. Trade balance 2013 II 2013 III 2013 IV 1.2 -1.5 -1.0 1.7 2.4 -0.5 1.3 1.9 -2.1 -1.8 1.7 3.3 -2.1 1.2 -0.1 -0.3 0.3 1.5 0.8 2.4 1.6 349,149 346,383 335,949 332,143 339,007 345,094 347,479 352,380 0.1 5. 2013 I 121,284 121,140 120,760 121,096 122,958 123,985 126,940 128,913 0.2 4. Imports of goods and services 2012 IV 223,429 227,647 222,835 218,929 222,717 230,121 225,223 227,983 -0.6 3. 2012 III 344,713 348,788 343,594 340,026 345,675 354,106 352,163 356,896 -0.3 2. 2012 II -0.8 -3.0 -1.1 2.1 1.8 0.7 1.4 256,299 252,194 242,680 239,891 245,220 250,667 252,244 256,530 0.6 -1.6 -3.8 -1.1 2.2 2.2 0.6 1.7 92,850 94,189 93,268 92,252 93,786 94,428 95,235 95,851 -1.4 1.4 -1.0 -1.1 1.7 0.7 0.9 0.6 -4,436 2,405 7,645 7,882 6,668 9,012 4,684 4,516 Note: Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Quarterly Data Page 23 ONTARIO TRADE TABLE 5 Seasonally adjusted data at annual rates, millions of dollars 2014 I 1. Exports of goods and services 2015 III 2015 IV 359,747 366,779 378,131 378,723 377,159 378,693 397,767 - 0.8 2. International Interprovincial - 129,066 129,791 127,641 126,390 125,753 124,980 123,810 - 355,767 364,608 367,182 375,659 382,188 383,963 394,185 - 5. 6. International Interprovincial 7. Trade balance 2.5 0.7 -1.0 2.3 -0.5 0.9 -0.9 1.0 -1.7 -0.4 0.4 8.0 0.6 0.7 -0.4 2015 II - 5.7 0.2 2015 I 230,680 236,988 250,491 252,333 251,407 253,712 273,957 2.7 3.1 2014 IV - 0.1 4. Imports of goods and services 2.0 2014 III 5.0 1.2 3. 2014 II 1.7 -0.6 0.5 2.7 - 260,273 269,376 269,891 279,021 285,275 286,826 296,328 - 1.5 3.5 0.2 3.4 2.2 0.5 3.3 - 95,494 95,232 97,292 96,638 96,913 97,137 97,857 - -0.4 -0.3 2.2 -0.7 0.3 0.2 0.7 - 3,980 2,171 10,949 3,064 -5,029 -5,270 3,582 - Note: Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 24 OEA Tables - Quarterly Data ONTARIO TRADE TABLE 6 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2012 I 1. Exports of goods and services International Interprovincial 6. International Interprovincial 2013 II 2013 III 2013 IV 0.5 -1.1 -1.8 1.6 3.3 -1.0 1.2 1.1 -1.5 -2.8 1.6 4.9 -2.2 1.2 -0.6 -0.4 -0.1 1.5 0.6 1.4 1.1 326,036 322,220 319,385 315,150 315,685 319,223 315,897 318,667 0.1 5. 2013 I 109,864 109,239 108,780 108,693 110,329 110,940 112,438 113,693 0.0 4. Imports of goods and services 2012 IV 213,921 216,204 212,964 206,963 210,261 220,474 215,534 218,138 -1.2 3. 2012 III 323,551 325,111 321,455 315,511 320,438 331,049 327,798 331,650 -0.8 2. 2012 II -1.2 -0.9 -1.3 0.2 1.1 -1.0 0.9 243,171 235,317 228,431 224,053 226,830 231,369 230,630 233,927 2.3 -3.2 -2.9 -1.9 1.2 2.0 -0.3 1.4 83,124 86,833 90,599 90,869 88,668 87,722 85,199 84,734 -5.2 4.5 4.3 0.3 -2.4 -1.1 -2.9 -0.5 Note: Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Quarterly Data Page 25 ONTARIO TRADE TABLE 6 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2014 I 1. Exports of goods and services 2015 III 2015 IV 327,072 331,964 339,641 337,671 331,073 331,817 341,704 - -1.4 2. International Interprovincial - 112,801 113,665 112,818 113,172 113,091 112,384 111,577 - 313,965 320,815 322,487 326,021 324,783 325,070 324,749 - 5. 6. International Interprovincial 2.2 0.5 0.3 1.1 -0.1 0.6 -0.7 -1.5 -0.7 -2.9 0.2 4.8 0.8 -1.0 -2.0 2015 II - 4.0 -0.6 2015 I 214,380 218,469 227,248 224,870 218,387 219,805 230,295 1.9 2.3 2014 IV - -0.8 4. Imports of goods and services 1.5 2014 III 3.0 -1.7 3. 2014 II -0.4 -0.6 0.1 -0.1 - 229,598 236,480 236,185 239,049 237,175 237,376 236,742 - -1.9 3.0 -0.1 1.2 -0.8 0.1 -0.3 - 84,303 84,270 86,159 86,803 87,503 87,591 87,945 - -0.5 -0.0 2.2 0.7 0.8 0.1 0.4 - Note: Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 26 OEA Tables - Quarterly Data ONTARIO IMPLICIT PRICE INDEXES, GROSS DOMESTIC PRODUCT TABLE 7 Using seasonally adjusted data, chained (2007) dollars 2012 I 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 1. Final consumption expenditure on goods and services 108.3 108.5 108.7 108.7 110.1 110.1 110.8 111.0 0.4 0.2 0.2 0.1 1.3 -0.0 0.6 0.2 2. 106.7 106.5 106.5 106.5 107.4 107.8 108.5 108.8 0.6 -0.1 -0.1 0.0 0.8 0.4 0.6 0.3 95.0 94.1 94.3 93.5 94.0 94.8 95.4 94.1 0.5 -0.9 0.2 -0.8 0.5 0.9 0.6 -1.3 96.2 94.5 92.6 92.7 92.7 92.9 93.2 92.3 1.5 -1.8 -2.0 0.0 0.0 0.2 0.4 -1.0 113.6 113.1 113.0 113.8 114.5 113.8 114.9 115.6 0.8 -0.4 -0.1 0.6 0.6 -0.5 0.9 0.6 108.1 108.5 108.4 108.4 109.6 110.4 111.0 111.7 0.4 0.4 -0.1 -0.0 1.2 0.7 0.5 0.7 *Nonprofit institutions’ final consumption expenditure 109.1 104.4 104.0 101.1 102.7 105.0 108.1 111.8 1.6 -4.2 -0.4 -2.9 1.6 2.3 3.0 3.4 Government current expenditure 113.2 113.9 115.3 115.6 118.6 117.2 117.5 117.2 0.2 0.6 1.2 0.2 2.6 -1.2 0.3 -0.3 108.8 109.3 109.6 110.2 110.7 110.7 111.6 112.3 0.6 0.5 0.2 0.6 0.4 0.0 0.8 0.6 108.4 109.3 109.6 110.5 110.8 110.6 111.2 111.8 0.7 0.9 0.2 0.8 0.3 -0.2 0.6 0.5 116.4 116.8 117.0 118.4 119.1 118.6 120.2 120.7 1.2 0.3 0.2 1.2 0.7 -0.5 1.3 0.5 114.1 113.1 114.7 115.1 115.2 115.5 116.7 117.6 1.0 -0.8 1.4 0.4 0.1 0.3 1.0 0.8 93.5 95.1 93.1 92.3 92.7 93.0 94.2 94.5 Household consumption expenditure 3. Durable goods 4. Semi-durable 5. Non-durable 6. 7. 8. Services 9. Total gross fixed capital formation 10. Business gross fixed capital formation 11. Residential structures 12. Non-residential structures 13. Machinery and equipment 14. Intellectual property products 15. 16. -0.9 1.7 -2.0 -0.9 0.4 0.3 1.3 0.3 108.0 110.1 109.6 111.2 111.9 111.9 109.2 110.9 0.5 1.9 -0.4 1.4 0.7 -0.1 -2.4 1.6 *Nonprofit institutions’ gross fixed capital formation 105.3 106.2 106.8 107.5 107.7 107.8 108.7 109.1 1.2 0.8 0.6 0.6 0.2 0.1 0.9 0.3 Government capital expenditure 109.7 109.0 109.9 110.1 110.6 111.5 112.9 113.8 0.6 -0.6 0.8 0.2 0.5 0.8 1.3 0.8 106.5 107.3 106.9 107.8 107.9 107.0 107.4 107.6 0.5 0.7 -0.4 0.8 0.1 -0.8 0.4 0.2 107.1 107.5 105.2 105.4 107.4 108.1 110.0 110.6 -0.0 0.4 -2.2 0.2 1.9 0.7 1.8 0.5 108.3 109.1 109.8 109.6 110.3 109.8 109.7 109.6 0.9 3.8 0.8 3.1 0.6 2.6 -0.2 -0.8 0.7 2.7 -0.5 -1.9 -0.1 -0.5 -0.0 -0.2 108.5 108.7 108.8 108.9 110.2 110.2 111.0 111.4 0.4 0.2 0.1 0.1 1.2 0.0 0.7 0.3 17. Exports of goods and services 18. Imports of goods and services 19. Gross Domestic Product at market prices ** 20. Final domestic demand Notes: Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Quarterly Data Page 27 ONTARIO IMPLICIT PRICE INDEXES, GROSS DOMESTIC PRODUCT TABLE 7 Using seasonally adjusted data, chained (2007) dollars 2014 I 2014 II 2014 III 2014 IV 2015 I 2015 II 2015 III 2015 IV 1. Final consumption expenditure on goods and services 112.0 112.4 112.6 112.6 112.8 113.2 114.0 - 0.9 0.4 0.2 -0.0 0.1 0.4 0.6 - 2. 109.6 110.4 110.6 110.6 110.6 111.1 111.8 - 0.7 0.8 0.1 0.0 -0.0 0.4 0.6 - 94.7 94.7 95.0 95.5 96.3 97.1 97.2 - 0.6 0.0 0.4 0.5 0.8 0.8 0.2 - 93.0 94.1 94.5 94.7 94.1 94.4 95.2 - 0.7 1.2 0.4 0.2 -0.6 0.3 0.8 - 116.6 119.4 118.4 116.8 115.3 116.3 116.6 - 0.9 2.4 -0.8 -1.3 -1.3 0.9 0.2 - 112.5 112.7 113.3 113.8 114.3 114.6 115.6 - 0.7 0.2 0.5 0.5 0.4 0.3 0.9 - *Nonprofit institutions’ final consumption expenditure 109.3 108.0 106.3 105.2 104.8 105.6 106.1 - -2.2 -1.2 -1.5 -1.1 -0.3 0.7 0.5 - Government current expenditure 119.1 118.3 118.9 118.9 119.5 119.7 120.5 - 1.6 -0.6 0.4 -0.0 0.6 0.1 0.6 - 113.5 114.6 115.7 116.7 117.9 118.5 120.1 - 1.1 1.0 1.0 0.9 1.0 0.5 1.3 - 113.3 114.4 115.7 117.0 118.3 119.0 120.8 - 1.3 1.0 1.1 1.2 1.1 0.6 1.5 - 122.5 123.6 125.3 126.3 126.8 127.4 128.9 - 1.5 0.9 1.4 0.8 0.4 0.4 1.2 - 118.6 119.4 120.3 120.8 121.3 121.2 120.7 - 0.8 0.7 0.7 0.4 0.4 -0.1 -0.5 - 96.1 96.2 96.7 98.3 101.5 102.7 106.9 - Household consumption expenditure 3. Durable goods 4. Semi-durable 5. Non-durable 6. 7. 8. Services 9. Total gross fixed capital formation 10. Business gross fixed capital formation 11. Residential structures 12. Non-residential structures 13. Machinery and equipment 14. Intellectual property products 15. 16. 1.7 0.0 0.6 1.7 3.2 1.1 4.2 - 112.0 114.3 114.7 116.6 118.1 120.0 122.3 - 1.0 2.0 0.3 1.7 1.4 1.6 1.9 - *Nonprofit institutions’ gross fixed capital formation 109.8 111.1 111.5 112.0 112.7 113.2 113.9 - 0.7 1.1 0.4 0.4 0.6 0.4 0.6 - Government capital expenditure 114.3 115.6 116.2 115.9 116.7 117.1 117.7 - 0.5 1.1 0.6 -0.2 0.7 0.3 0.5 - 110.0 110.5 111.3 112.2 113.9 114.1 116.4 - 2.2 0.5 0.8 0.7 1.6 0.2 2.0 - 113.3 113.7 113.9 115.2 117.7 118.1 121.4 - 2.5 0.3 0.2 1.2 2.1 0.4 2.8 - 110.9 111.2 111.9 111.4 111.9 112.2 112.8 - 1.2 4.7 0.3 1.1 0.7 2.8 -0.4 -1.7 0.4 1.7 0.3 1.2 0.5 1.9 - 112.4 112.9 113.2 113.4 113.8 114.2 115.1 - 0.9 0.5 0.3 0.1 0.3 0.4 0.8 - 17. Exports of goods and services 18. Imports of goods and services 19. Gross Domestic Product at market prices ** 20. Final domestic demand Notes: Per cent change from previous quarter at quarterly rates is given on the second line. * Nonprofit institutions serving households. ** Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 28 OEA Tables - Annual Data ONTARIO GROSS DOMESTIC PRODUCT, INCOME-BASED TABLE 8 Millions of dollars 2011 2012 2013 2014 1. Compensation of employees (domestic basis) 348,959 360,493 372,530 384,937 4.6 3.3 3.3 3.3 2. Gross operating surplus 157,478 161,919 159,073 170,770 7.5 2.8 -1.8 7.4 83,376 85,900 80,911 91,221 12.1 3.0 -5.8 12.7 52,218 53,010 53,804 54,287 0.5 1.5 1.5 0.9 21,884 23,009 24,358 25,262 8.2 5.1 5.9 3.7 76,084 78,032 80,154 82,683 2.9 2.6 2.7 3.2 57,048 58,267 59,356 61,431 2.9 2.1 1.9 3.5 19,036 19,765 20,798 21,252 2.9 3.8 5.2 2.2 76,954 79,327 80,712 83,493 3. 4. 5. Net operating surplus: corporations Consumption of fixed capital: corporations Consumption of fixed capital: government and nonprofit institutions* 6. Gross mixed income 7. 8. Net mixed income Consumption of fixed capital: unincorporated businesses 9. Taxes less subsidies 10. Statistical discrepancy 11. Gross Domestic Product at market prices Notes: 0.7 3.1 1.7 3.4 268 313 741 87 659,743 680,084 693,210 721,970 4.6 3.1 1.9 4.1 Per cent change from previous year is given on the second line. * Nonprofit institutions serving households. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Annual Data Page 29 ONTARIO GROSS DOMESTIC PRODUCT, EXPENDITURE-BASED TABLE 9 Millions of dollars 2011 2012 2013 2014 1. Final consumption expenditure on goods and services 524,915 537,329 554,911 576,173 4.4 2.4 3.3 3.8 2. 373,071 382,927 396,239 414,610 4.2 2.6 3.5 4.6 43,109 43,779 45,358 48,505 -0.0 1.6 3.6 6.9 26,527 26,782 27,262 28,602 2.0 1.0 1.8 4.9 89,977 92,191 94,975 99,285 5.3 2.5 3.0 4.5 213,458 220,175 228,644 238,218 4.8 3.1 3.8 4.2 10,192 10,484 10,812 11,188 9.7 2.9 3.1 3.5 141,652 143,918 147,860 150,375 4.7 1.6 2.7 1.7 9. Total gross fixed capital formation 132,007 137,006 129,254 135,610 3.8 3.8 -5.7 4.9 10. 102,335 108,357 102,178 107,342 3. 4. 5. 6. 7. 8. Household consumption expenditure Durable goods Semi-durable Non-durable Services *Nonprofit institutions’ final consumption expenditure Government current expenditure Business gross fixed capital formation 8.3 5.9 -5.7 5.1 45,980 50,100 50,332 52,540 7.9 9.0 0.5 4.4 20,262 22,366 21,469 22,482 25.7 10.4 -4.0 4.7 22,822 22,760 17,710 19,628 -0.0 -0.3 -22.2 10.8 13,271 13,131 12,667 12,692 2.4 -1.1 -3.5 0.2 956 1,094 1,075 1,108 5.4 14.4 -1.7 3.1 28,716 27,555 26,001 27,160 -9.5 -4.0 -5.6 4.5 334,469 344,280 352,210 370,845 7.5 2.9 2.3 5.3 337,302 340,906 345,990 365,804 8.3 1.1 1.5 5.7 19. Business investment in inventories 5,773 2,324 3,278 5,324 20. Nonfarm 5,488 2,305 3,878 4,916 21. Farm 11. 12. 13. 14. 15. 16. Residential structures Non-residential structures Machinery and equipment Intellectual property products *Nonprofit institutions’ gross fixed capital formation Government capital expenditure 17. Exports of goods and services 18. Imports of goods and services 22. Statistical discrepancy 23. Gross Domestic Product at market prices 24. Final domestic demand Note: 286 -5 -606 412 -119 51 -453 -177 659,743 680,084 693,210 721,970 4.6 3.1 1.9 4.1 656,922 674,335 684,165 711,783 4.3 2.7 1.5 4.0 Per cent change from previous year is given on the second line. * Nonprofit institutions serving households. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 30 OEA Tables - Annual Data ONTARIO REAL GROSS DOMESTIC PRODUCT, EXPENDITURE-BASED TABLE 10 Millions of chained (2007) dollars 2011 2012 2013 2014 1. Final consumption expenditure on goods and services 489,514 495,041 502,101 512,466 1.5 1.1 1.4 2.1 2. 354,089 359,391 366,500 375,806 1.7 1.5 2.0 2.5 45,725 46,465 47,960 51,063 0.1 1.6 3.2 6.5 27,744 28,490 29,389 30,401 1.8 2.7 3.2 3.4 80,775 81,322 82,807 84,288 0.2 0.7 1.8 1.8 199,876 203,219 206,586 210,660 2.7 1.7 1.7 2.0 9,778 10,023 10,119 10,442 5.8 2.5 1.0 3.2 125,622 125,702 125,703 126,586 0.8 0.1 0.0 0.7 123,639 125,153 116,128 117,717 3. 4. 5. 6. 7. 8. Household consumption expenditure Durable goods Semi-durable Non-durable Services *Nonprofit institutions’ final consumption expenditure Government current expenditure 9. Total gross fixed capital formation 10. Business gross fixed capital formation 1.9 1.2 -7.2 1.4 96,104 99,022 91,979 93,229 6.5 3.0 -7.1 1.4 40,861 42,778 42,068 42,220 3.6 4.7 -1.7 0.4 18,114 19,571 18,474 18,765 22.7 8.0 -5.6 1.6 24,576 24,343 18,947 20,252 3.2 -0.9 -22.2 6.9 12,418 11,974 11,416 11,099 1.3 -3.6 -4.7 -2.8 916 1,027 993 997 3.5 12.1 -3.3 0.4 26,623 25,124 23,177 23,511 -11.6 -5.6 -7.7 1.4 313,816 321,407 327,734 334,087 5.2 2.4 2.0 1.9 317,604 320,698 317,368 320,822 5.1 1.0 -1.0 1.1 19. Business investment in inventories 5,390 1,643 3,072 5,269 20. Nonfarm 5,470 1,699 3,105 4,932 21. Farm 11. 12. 13. 14. 15. 16. Residential structures Non-residential structures Machinery and equipment Intellectual property products *Nonprofit institutions’ gross fixed capital formation Government capital expenditure 17. Exports of goods and services 18. Imports of goods and services 22. Statistical discrepancy 23. Gross Domestic Product at market prices 24. Final domestic demand Note: -80 -56 -33 337 -111 69 -407 -163 614,606 622,717 631,068 648,352 2.4 1.3 1.3 2.7 613,055 620,095 618,065 630,006 1.6 1.1 -0.3 1.9 Per cent change from previous year is given on the second line. * Nonprofit institutions serving households. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Annual Data Page 31 SOURCES AND DISPOSITION OF ONTARIO HOUSEHOLD INCOME TABLE 11 Millions of dollars 1. Compensation of employees (national basis) 2. Plus: net mixed income 3. 4. Non-farm 2012 2013 2014 345,308 356,566 368,444 380,858 4.6 3.3 3.3 3.4 57,048 58,267 59,356 61,431 2.9 2.1 1.9 3.5 27,133 27,035 26,889 27,710 0.0 -0.4 -0.5 3.1 918 941 853 1,018 63.9 2.5 -9.4 19.3 28,997 30,291 31,614 32,703 4.4 4.5 4.4 3.4 41,720 44,278 46,105 48,123 8.1 6.1 4.1 4.4 444,076 459,111 473,905 490,412 4.7 3.4 3.2 3.5 92,163 93,119 97,714 100,936 0.2 1.0 4.9 3.3 9. Deduct: Current transfers paid 161,972 170,346 175,637 185,294 7.2 5.2 3.1 5.5 10. Equals: Household disposable income 374,267 381,884 395,982 406,054 2.5 2.0 3.7 2.5 11. Deduct: Household final consumption expenditure 373,071 382,927 396,239 414,610 4.2 2.6 3.5 4.6 12. Plus: Change in pension entitlements 16,897 16,971 15,748 17,413 26.2 0.4 -7.2 10.6 18,093 15,928 15,491 8,857 -10.8 -12.0 -2.7 -42.8 5. Farm 2011 Rental income of households 6. Plus: Net property income 7. Equals: Primary household income 8. Plus: Current transfers received 13. Equals: Household net saving 14. Household saving rate (percent) 15. Population (thousands) 16. Household disposable income per capita (dollars) 4.8 4.2 3.9 2.2 13,264 13,410 13,551 13,678 1.0 1.1 1.1 0.9 28,218 28,478 29,222 29,687 1.5 0.9 2.6 1.6 Notes: Per cent change from previous year is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 32 OEA Tables - Annual Data ONTARIO TRADE TABLE 12 Millions of dollars 1. Exports of goods and services 2. 3. International Interprovincial 4. Imports of goods and services 5. 6. International Interprovincial 7. Trade balance 2011 2012 2013 2014 334,469 344,280 352,210 370,845 7.5 2.9 2.3 5.3 214,661 223,210 226,511 242,623 8.5 4.0 1.5 7.1 119,808 121,070 125,699 128,222 5.6 1.1 3.8 2.0 337,302 340,906 345,990 365,804 8.3 1.1 1.5 5.7 244,827 247,766 251,165 269,640 9.5 1.2 1.4 7.4 92,475 93,140 94,825 96,164 5.2 0.7 1.8 1.4 -2,833 3,374 6,220 5,041 Note: Per cent change from previous year is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Annual Data Page 33 ONTARIO TRADE TABLE 13 Millions of chained (2007) dollars 1. Exports of goods and services 2. 3. International Interprovincial 4. Imports of goods and services 5. 6. International Interprovincial 2011 2012 2013 2014 313,816 321,407 327,734 334,087 5.2 2.4 2.0 1.9 205,232 212,513 216,102 221,242 7.1 3.5 1.7 2.4 108,709 109,144 111,850 113,114 2.0 0.4 2.5 1.1 317,604 320,698 317,368 320,822 5.1 1.0 -1.0 1.1 231,560 232,743 230,689 235,328 7.2 0.5 -0.9 2.0 85,954 87,856 86,581 85,384 -0.1 2.2 -1.5 -1.4 Note: Per cent change from previous year is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 34 OEA Tables - Annual Data ONTARIO IMPLICIT PRICE INDEXES, GROSS DOMESTIC PRODUCT TABLE 14 Using chained (2007) dollars 2011 2012 2013 2014 1. Final consumption expenditure on goods and services 107.2 108.5 110.5 112.4 2.8 1.2 1.8 1.7 2. 105.4 106.5 108.1 110.3 2.4 1.1 1.5 2.0 94.3 94.2 94.6 95.0 -0.2 -0.1 0.4 0.4 95.6 94.0 92.8 94.1 0.2 -1.7 -1.3 1.4 111.4 113.4 114.7 117.8 5.1 1.8 1.2 2.7 106.8 108.3 110.7 113.1 2.1 1.5 2.2 2.2 *Nonprofit institutions’ final consumption expenditure 104.2 104.7 106.9 107.2 3.6 0.4 2.2 0.2 Government current expenditure 112.8 114.5 117.6 118.8 3.8 1.5 2.7 1.0 9. Total gross fixed capital formation 106.8 109.5 111.3 115.2 1.8 2.5 1.7 3.4 10. 106.5 109.4 111.1 115.1 3. 4. 5. 6. 7. 8. 11. 12. 13. 14. 15. 16. Household consumption expenditure Durable goods Semi-durable Non-durable Services Business gross fixed capital formation 1.7 2.8 1.5 3.6 112.5 117.1 119.7 124.4 4.0 4.2 2.2 4.0 111.8 114.3 116.2 119.8 2.3 2.2 1.7 3.1 92.9 93.5 93.6 96.8 -3.3 0.7 0.1 3.5 106.9 109.7 111.0 114.4 1.1 2.7 1.1 3.1 *Nonprofit institutions’ gross fixed capital formation 104.4 106.5 108.3 111.1 1.9 2.0 1.7 2.6 Government capital expenditure 107.9 109.7 112.2 115.5 2.4 1.7 2.3 2.9 106.6 107.1 107.5 111.0 2.2 0.5 0.3 3.3 106.2 106.3 109.0 114.0 3.0 0.1 2.6 4.6 107.3 109.2 109.8 111.4 2.1 1.7 0.6 1.4 107.2 108.7 110.7 113.0 2.6 1.5 1.8 2.1 Residential structures Non-residential structures Machinery and equipment Intellectual property products 17. Exports of goods and services 18. Imports of goods and services 19. Gross Domestic Product at market prices 20. Final domestic demand Note: Per cent change from previous year is given on the second line. * Nonprofit institutions serving households. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. OEA Tables - Quarterly Data Page 35 ONTARIO PRODUCTION BY INDUSTRY TABLE 15 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2012 I 1. Goods Producing Industries 2. Primary 3. 4. Agriculture, Forestry, Fishing & Hunting Mining 5. Utilities 6. 7. Electric Power Natural Gas, Water and Other 8. Construction 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 136,928 137,879 135,337 134,269 135,176 135,693 134,741 135,626 -0.2 0.7 -1.8 -0.8 0.7 0.4 -0.7 0.7 12,619 12,988 12,486 12,627 13,215 13,281 13,149 13,084 -3.3 2.9 -3.9 1.1 4.7 0.5 -1.0 -0.5 4,676 4,756 4,671 4,652 4,718 4,980 5,108 5,014 -2.7 1.7 -1.8 -0.4 1.4 5.6 2.6 -1.8 7,916 8,212 7,803 7,972 8,487 8,284 8,017 8,038 -3.6 3.7 -5.0 2.2 6.5 -2.4 -3.2 0.3 11,523 11,834 11,189 11,622 11,718 12,051 12,215 12,668 -3.0 2.7 -5.4 3.9 0.8 2.8 1.4 3.7 8,258 8,532 7,849 8,385 8,295 8,700 8,800 9,107 -3.8 3.3 -8.0 6.8 -1.1 4.9 1.1 3.5 3,261 3,303 3,346 3,246 3,433 3,363 3,428 3,575 -0.8 1.3 1.3 -3.0 5.8 -2.0 1.9 4.3 35,442 34,680 34,293 34,878 34,859 34,078 33,448 33,246 1.5 -2.1 -1.1 1.7 -0.1 -2.2 -1.8 -0.6 13,911 13,791 14,189 14,411 13,967 13,292 13,426 9. Residential Buildings 14,244 3.7 -2.3 -0.9 2.9 1.6 -3.1 -4.8 1.0 10. Non-Residential Buildings and Engineering 21,291 20,861 20,594 20,782 20,571 20,262 20,335 20,027 11. Manufacturing 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. Notes: Food, Beverage, & Tobacco Products Textile, Clothing, & Leather Products Wood Products and Furniture Paper Products and Printing Chemical and Petroleum Products Plastic and Rubber Products Primary Metal & Fabricated Metal Products Machinery Electrical and Electronic Products Transportation Equipment Auto Industry (Vehicles & Parts) Other Transportation Equipment Other Manufacturing 0.0 -2.0 -1.3 0.9 -1.0 -1.5 0.4 -1.5 76,681 77,773 76,840 74,684 74,912 75,797 75,437 76,122 0.0 1.4 -1.2 -2.8 0.3 1.2 -0.5 0.9 11,153 11,348 11,711 11,488 11,765 11,850 11,253 11,329 0.8 1.8 3.2 -1.9 2.4 0.7 -5.0 0.7 984 976 925 852 815 852 847 830 -2.7 -0.8 -5.2 -7.9 -4.4 4.5 -0.6 -2.0 2,873 2,953 2,943 2,913 2,965 3,085 3,202 3,114 2.1 2.8 -0.4 -1.0 1.8 4.0 3.8 -2.8 4,660 4,785 4,790 5,044 4,881 4,764 4,722 4,573 2.7 2.7 0.1 5.3 -3.2 -2.4 -0.9 -3.2 7,974 8,053 7,823 7,816 7,806 7,937 7,880 7,981 2.5 1.0 -2.9 -0.1 -0.1 1.7 -0.7 1.3 4,307 4,295 4,294 4,059 4,263 4,443 4,623 4,681 0.5 -0.3 -0.0 -5.5 5.0 4.2 4.1 1.2 11,109 11,222 11,307 10,871 11,012 10,600 10,777 11,086 -1.0 1.0 0.8 -3.9 1.3 -3.7 1.7 2.9 6,042 6,155 5,604 5,492 5,570 5,760 5,691 5,530 -1.4 1.9 -9.0 -2.0 1.4 3.4 -1.2 -2.8 5,512 5,558 5,463 5,259 5,294 5,126 4,600 4,466 -6.4 0.8 -1.7 -3.7 0.7 -3.2 -10.3 -2.9 18,177 18,608 18,219 17,229 16,757 17,113 17,475 18,147 1.5 2.4 -2.1 -5.4 -2.7 2.1 2.1 3.8 15,256 15,705 15,556 14,774 14,230 14,576 14,899 15,408 5.0 2.9 -0.9 -5.0 -3.7 2.4 2.2 3.4 2,907 2,901 2,674 2,481 2,519 2,497 2,504 2,635 -13.4 -0.2 -7.8 -7.2 1.5 -0.9 0.3 5.2 4,070 4,038 4,018 3,948 4,016 4,444 4,483 4,446 -2.6 -0.8 -0.5 -1.7 1.7 10.7 0.9 -0.8 Ontario Production is measured as Gross Domestic Product at basic prices. Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 36 OEA Tables - Quarterly Data ONTARIO PRODUCTION BY INDUSTRY TABLE 15 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2012 I 25. Services Producing Industries 2012 II 2012 III 2012 IV 2013 I 2013 II 2013 III 2013 IV 441,115 440,927 443,267 444,250 444,518 448,049 452,561 454,978 0.2 -0.0 0.5 0.2 0.1 0.8 1.0 0.5 38,401 38,555 38,790 38,901 38,371 38,494 38,895 38,972 1.0 0.4 0.6 0.3 -1.4 0.3 1.0 0.2 29,825 29,431 29,520 29,473 29,585 30,265 30,879 31,092 0.1 -1.3 0.3 -0.2 0.4 2.3 2.0 0.7 21,733 21,741 22,138 22,007 21,825 21,996 22,033 22,321 -0.4 0.0 1.8 -0.6 -0.8 0.8 0.2 1.3 29. Information & Culture (including Telecommunications) 21,732 21,683 21,555 21,296 21,393 21,656 22,325 22,215 -0.8 -0.2 -0.6 -1.2 0.5 1.2 3.1 -0.5 30. Finance and Insurance 52,656 52,205 52,912 53,370 53,408 54,277 55,561 56,874 0.1 -0.9 1.4 0.9 0.1 1.6 2.4 2.4 76,138 76,570 77,505 78,747 78,398 79,054 79,366 79,400 0.5 0.6 1.2 1.6 -0.4 0.8 0.4 0.0 53,951 54,333 54,595 55,014 55,226 55,380 55,532 55,390 1.2 0.7 0.5 0.8 0.4 0.3 0.3 -0.3 4,619 4,646 4,503 4,466 4,650 4,711 4,735 4,801 26. Wholesale Trade 27. Retail Trade 28. Transportation and Warehousing 31. Real Estate, Rental & Leasing 32. Professional and Administrative Services 33. Management of Companies and Enterprises -0.5 0.6 -3.1 -0.8 4.1 1.3 0.5 1.4 34. Education 33,555 33,992 34,185 34,169 34,300 34,221 34,402 34,531 0.4 1.3 0.6 -0.0 0.4 -0.2 0.5 0.4 35. Health Care and Social Services 39,598 39,548 39,760 39,616 39,654 39,962 40,268 40,490 -0.3 -0.1 0.5 -0.4 0.1 0.8 0.8 0.6 4,563 4,442 4,379 4,091 4,324 4,422 4,524 4,623 -0.3 -2.7 -1.4 -6.6 5.7 2.3 2.3 2.2 10,906 10,789 10,852 10,895 10,964 11,112 11,190 11,276 0.3 -1.1 0.6 0.4 0.6 1.3 0.7 0.8 11,077 11,060 11,124 11,210 11,353 11,499 11,559 11,682 0.8 -0.1 0.6 0.8 1.3 1.3 0.5 1.1 42,380 41,970 41,506 41,074 41,217 41,227 41,594 41,683 -1.1 -1.0 -1.1 -1.0 0.3 0.0 0.9 0.2 36. Arts, Entertainment & Recreation 37. Accommodation and Food 38. Other Services 39. Public Administration 40. Total Production 578,380 579,114 578,895 578,787 579,977 584,040 587,617 590,934 * Notes: 0.1 0.4 0.1 0.5 -0.0 -0.2 -0.0 -0.1 Ontario Production is measured as Gross Domestic Product at basic prices. Per cent change from previous quarter at quarterly rates is given on the second line. * Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 0.2 0.8 0.7 2.8 0.6 2.5 0.6 2.3 OEA Tables - Quarterly Data Page 37 ONTARIO PRODUCTION BY INDUSTRY TABLE 15 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2014 I 1. Goods Producing Industries 2. Primary 3. 4. Agriculture, Forestry, Fishing & Hunting Mining 5. Utilities 6. 7. Electric Power Natural Gas, Water and Other 8. Construction 2014 II 2014 III 2014 IV 2015 I 2015 II 2015 III 2015 IV 136,121 138,368 139,938 140,148 140,702 139,901 142,195 - 0.4 1.7 1.1 0.1 0.4 -0.6 1.6 - 13,367 13,173 13,631 13,189 13,361 13,270 13,299 - 2.2 -1.4 3.5 -3.2 1.3 -0.7 0.2 - 4,925 4,862 4,895 5,175 5,315 5,422 5,351 - -1.8 -1.3 0.7 5.7 2.7 2.0 -1.3 - 8,411 8,281 8,706 7,982 8,006 7,808 7,908 - 4.6 -1.5 5.1 -8.3 0.3 -2.5 1.3 - 12,461 12,299 11,856 12,136 12,337 11,850 11,524 - -1.6 -1.3 -3.6 2.4 1.7 -4.0 -2.7 - 8,637 8,646 8,550 8,794 8,722 8,505 8,074 - -5.2 0.1 -1.1 2.9 -0.8 -2.5 -5.1 - 3,851 3,691 3,355 3,403 3,607 3,337 3,443 - 7.7 -4.2 -9.1 1.4 6.0 -7.5 3.2 - 33,406 34,172 34,788 35,001 35,383 35,426 35,769 - 0.5 2.3 1.8 0.6 1.1 0.1 1.0 - 13,702 13,890 13,838 14,294 14,035 14,230 - 9. Residential Buildings 13,382 -0.3 2.4 1.4 -0.4 3.3 -1.8 1.4 - 10. Non-Residential Buildings and Engineering 20,200 20,618 21,017 21,250 21,182 21,484 21,633 - 11. Manufacturing 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. Notes: Food, Beverage, & Tobacco Products Textile, Clothing, & Leather Products Wood Products and Furniture Paper Products and Printing Chemical and Petroleum Products Plastic and Rubber Products Primary Metal & Fabricated Metal Products Machinery Electrical and Electronic Products Transportation Equipment Auto Industry (Vehicles & Parts) Other Transportation Equipment Other Manufacturing 0.9 2.1 1.9 1.1 -0.3 1.4 0.7 - 76,435 78,323 79,313 79,526 78,874 78,613 80,849 - 0.4 2.5 1.3 0.3 -0.8 -0.3 2.8 - 11,836 11,999 11,825 11,845 12,060 12,037 12,210 - 4.5 1.4 -1.4 0.2 1.8 -0.2 1.4 - 846 862 919 882 834 855 969 - 1.9 1.9 6.6 -4.0 -5.5 2.6 13.4 - 3,051 3,211 3,323 3,260 3,289 3,378 3,585 - -2.0 5.3 3.5 -1.9 0.9 2.7 6.1 - 4,768 4,789 4,809 4,963 4,893 4,853 4,882 - 4.3 0.4 0.4 3.2 -1.4 -0.8 0.6 - 7,717 8,187 8,162 7,964 8,359 8,141 8,223 - -3.3 6.1 -0.3 -2.4 5.0 -2.6 1.0 - 4,572 4,528 4,468 4,458 4,558 4,723 4,887 - -2.3 -1.0 -1.3 -0.2 2.2 3.6 3.5 - 11,251 11,417 11,860 11,953 11,172 10,938 11,008 - 1.5 1.5 3.9 0.8 -6.5 -2.1 0.6 - 5,641 5,668 5,705 5,891 6,058 6,090 6,156 - 2.0 0.5 0.7 3.3 2.8 0.5 1.1 - 4,760 5,013 5,401 5,211 5,280 5,295 5,196 - 6.6 5.3 7.7 -3.5 1.3 0.3 -1.9 - 17,792 18,535 18,775 19,149 18,009 18,089 19,110 - -2.0 4.2 1.3 2.0 -6.0 0.4 5.6 - 14,917 15,490 15,737 16,146 15,214 15,147 16,209 - -3.2 3.8 1.6 2.6 -5.8 -0.4 7.0 - 2,766 2,926 2,912 2,870 2,769 2,916 2,874 - 5.0 5.8 -0.5 -1.5 -3.5 5.3 -1.4 - 4,372 4,402 4,469 4,469 4,510 4,361 4,775 - -1.7 0.7 1.5 0.0 0.9 -3.3 9.5 - Ontario Production is measured as Gross Domestic Product at basic prices. Per cent change from previous quarter at quarterly rates is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 38 OEA Tables - Quarterly Data ONTARIO PRODUCTION BY INDUSTRY TABLE 15 Seasonally adjusted data at annual rates, millions of chained (2007) dollars 2014 I 25. Services Producing Industries 2014 II 2014 III 2014 IV 2015 I 2015 II 2015 III 2015 IV 455,009 458,885 463,671 466,976 468,282 472,341 475,458 - 0.0 0.9 1.0 0.7 0.3 0.9 0.7 - 38,793 40,266 41,536 42,178 40,563 41,946 41,403 - -0.5 3.8 3.2 1.5 -3.8 3.4 -1.3 - 30,925 31,481 32,002 32,329 32,487 33,015 33,395 - -0.5 1.8 1.7 1.0 0.5 1.6 1.2 - 22,349 22,784 22,982 23,086 23,093 23,082 23,317 - 0.1 1.9 0.9 0.5 0.0 -0.0 1.0 - 29. Information & Culture (including Telecommunications) 22,363 22,104 21,877 21,542 21,680 21,959 22,034 - 0.7 -1.2 -1.0 -1.5 0.6 1.3 0.3 - 30. Finance and Insurance 56,593 56,657 57,799 58,519 59,227 59,395 60,125 - -0.5 0.1 2.0 1.2 1.2 0.3 1.2 - 79,796 80,542 81,194 81,784 82,156 83,360 84,591 - 0.5 0.9 0.8 0.7 0.5 1.5 1.5 - 55,367 56,210 57,263 57,648 57,814 57,583 57,864 - -0.0 1.5 1.9 0.7 0.3 -0.4 0.5 - 4,833 4,742 4,641 4,753 4,841 4,622 4,673 - 26. Wholesale Trade 27. Retail Trade 28. Transportation and Warehousing 31. Real Estate, Rental & Leasing 32. Professional and Administrative Services 33. Management of Companies and Enterprises 0.7 -1.9 -2.1 2.4 1.9 -4.5 1.1 - 34. Education 34,365 34,218 34,531 34,998 35,199 35,168 34,831 - -0.5 -0.4 0.9 1.4 0.6 -0.1 -1.0 - 35. Health Care and Social Services 40,499 40,554 40,616 40,584 40,911 41,278 41,702 - 0.0 0.1 0.2 -0.1 0.8 0.9 1.0 - 4,485 4,490 4,531 4,541 4,716 5,041 5,185 - -3.0 0.1 0.9 0.2 3.8 6.9 2.8 - 11,392 11,602 11,749 11,817 11,615 11,807 11,885 - 1.0 1.8 1.3 0.6 -1.7 1.7 0.7 - 11,739 11,849 11,823 11,788 11,762 11,691 11,785 - 0.5 0.9 -0.2 -0.3 -0.2 -0.6 0.8 - 41,938 41,858 41,651 41,990 42,164 42,334 42,609 - 0.6 -0.2 -0.5 0.8 0.4 0.4 0.6 - 591,452 597,570 603,922 607,431 609,371 612,636 618,050 - 36. Arts, Entertainment & Recreation 37. Accommodation and Food 38. Other Services 39. Public Administration 40. Total Production * Notes: 0.1 0.4 1.0 4.2 1.1 4.3 0.6 2.3 Ontario Production is measured as Gross Domestic Product at basic prices. Per cent change from previous quarter at quarterly rates is given on the second line. * Annualized per cent change from previous quarter. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. 0.3 1.3 0.5 2.2 0.9 3.6 - OEA Tables - Annual Data Page 39 ONTARIO PRODUCTION BY INDUSTRY TABLE 16 Millions of chained (2007) dollars 1. Goods Producing Industries 2. Primary 3. 4. Agriculture, Forestry, Fishing & Hunting Mining 5. Utilities 2011 2012 2013 2014 134,128 136,103 135,309 138,644 3.4 1.5 -0.6 2.5 12,775 12,680 13,182 13,340 16.7 -0.7 4.0 1.2 4,683 4,689 4,955 4,964 3.2 0.1 5.7 0.2 8,071 7,976 8,207 8,345 26.3 -1.2 2.9 1.7 12,014 11,542 12,163 12,188 1.5 -3.9 5.4 0.2 6. Electric Power 8,778 8,256 8,725 8,657 -0.9 -5.9 5.7 -0.8 7. Natural Gas, Water and Other 3,216 3,289 3,450 3,575 8.8 2.3 4.9 3.6 33,891 34,823 33,908 34,342 1.1 2.8 -2.6 1.3 12,918 14,034 13,774 13,703 1.6 8.6 -1.9 -0.5 21,044 20,882 20,299 20,771 1.1 -0.8 -2.8 2.3 74,958 76,494 75,567 78,399 2.9 2.0 -1.2 3.7 11,358 11,425 11,549 11,877 -1.9 0.6 1.1 2.8 944 934 836 877 0.7 -1.0 -10.5 4.9 2,881 2,921 3,091 3,211 -4.0 1.4 5.9 3.9 4,805 4,820 4,735 4,833 -3.3 0.3 -1.8 2.1 7,725 7,917 7,901 8,007 -1.0 2.5 -0.2 1.3 4,078 4,239 4,503 4,506 5.9 3.9 6.2 0.1 10,954 11,127 10,869 11,621 6.5 1.6 -2.3 6.9 5,589 5,823 5,638 5,726 16.7 4.2 -3.2 1.6 6,250 5,448 4,871 5,096 -2.0 -12.8 -10.6 4.6 16,366 18,058 17,373 18,563 6.7 10.3 -3.8 6.8 15,323 14,778 15,573 8. Construction 9. 10. Residential Buildings Non-Residential Buildings and Engineering 11. Manufacturing 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. Food, Beverage, & Tobacco Products Textile, Clothing, & Leather Products Wood Products and Furniture Paper Products and Printing Chemical and Petroleum Products Plastic and Rubber Products Primary Metal & Fabricated Metal Products Machinery Electrical and Electronic Products Transportation Equipment 22. Auto Industry (Vehicles & Parts) 13,447 4.8 14.0 -3.6 5.4 23. Other Transportation Equipment 2,923 2,741 2,539 2,869 16.4 -6.2 -7.4 13.0 4,121 4,018 4,347 4,428 4.3 -2.5 8.2 1.9 24. Notes: Other Manufacturing Ontario Production is measured as Gross Domestic Product at basic prices. Per cent change from previous year is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Page 40 OEA Tables - Annual Data ONTARIO PRODUCTION BY INDUSTRY TABLE 16 Millions of chained (2007) dollars 2011 2012 2013 2014 436,209 442,389 450,026 461,135 2.4 1.4 1.7 2.5 37,338 38,662 38,683 40,693 7.2 3.5 0.1 5.2 29,738 29,562 30,455 31,684 0.2 -0.6 3.0 4.0 21,979 21,905 22,044 22,800 3.5 -0.3 0.6 3.4 29. Information & Culture (including Telecommunications) 21,417 21,567 21,897 21,972 1.0 0.7 1.5 0.3 30. Finance and Insurance 51,629 52,786 55,030 57,392 3.8 2.2 4.3 4.3 31. Real Estate, Rental & Leasing 75,366 77,240 79,054 80,829 2.9 2.5 2.3 2.2 53,297 54,474 55,382 56,622 1.5 2.2 1.7 2.2 4,570 4,559 4,724 4,742 2.7 -0.2 3.6 0.4 33,292 33,975 34,364 34,528 0.2 2.1 1.1 0.5 39,292 39,631 40,094 40,563 1.8 0.9 1.2 1.2 4,369 4,369 4,473 4,512 -0.5 0.0 2.4 0.9 10,589 10,861 11,136 11,640 3.3 2.6 2.5 4.5 10,921 11,118 11,523 11,800 0.6 1.8 3.6 2.4 42,411 41,733 41,431 41,859 1.9 -1.6 -0.7 1.0 570,633 578,794 585,642 600,094 2.6 1.4 1.2 2.5 25. Services Producing Industries 26. Wholesale Trade 27. Retail Trade 28. Transportation and Warehousing 32. Professional and Administrative Services 33. Management of Companies and Enterprises 34. Education 35. Health Care and Social Services 36. Arts, Entertainment & Recreation 37. Accommodation and Food 38. Other Services 39. Public Administration 40. Total Production Notes: Ontario Production is measured as Gross Domestic Product at basic prices. Per cent change from previous year is given on the second line. Sources: Office of Economic Policy, Ontario Ministry of Finance and Statistics Canada. Ontario Economic Accounts: Third Quarter 2015 Analytical Tables and Charts Page 41 Page 42 Ontario Economic Accounts: Third Quarter 2015 Compensation of employees (domestic basis), Millions of dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 245,780 248,385 260,875 271,062 283,833 300,846 312,584 326,872 323,660 327,740 346,010 356,046 369,500 380,875 393,791 245,429 251,166 261,165 275,813 287,585 301,141 317,497 329,351 321,397 330,968 347,299 359,964 370,584 383,486 396,440 244,916 254,876 264,813 279,354 291,841 303,742 321,249 329,127 322,083 335,553 350,038 362,594 373,180 387,134 399,293 245,135 259,349 266,407 281,452 295,173 305,771 324,810 327,323 325,837 340,355 352,489 363,368 376,856 388,254 ... 245,315 253,444 263,315 276,920 289,608 302,875 319,035 328,168 323,244 333,654 348,959 360,493 372,530 384,937 ... Level ($ Billions) 450 400 350 300 250 200 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.5 1.3 0.6 1.7 0.8 1.9 2.2 0.6 -1.1 0.6 1.7 1.0 1.7 1.1 1.4 -0.1 1.1 0.1 1.8 1.3 0.1 1.6 0.8 -0.7 1.0 0.4 1.1 0.3 0.7 0.7 -0.2 1.5 1.4 1.3 1.5 0.9 1.2 -0.1 0.2 1.4 0.8 0.7 0.7 1.0 0.7 0.1 1.8 0.6 0.8 1.1 0.7 1.1 -0.5 1.2 1.4 0.7 0.2 1.0 0.3 ... 2.7 3.3 3.9 5.2 4.6 4.6 5.3 2.9 -1.5 3.2 4.6 3.3 3.3 3.3 ... I II III IV Annual 52.9 51.8 51.1 52.2 52.0 52.4 52.8 53.8 54.5 52.8 53.0 52.8 53.5 53.8 53.4 52.2 51.2 51.7 52.0 52.1 52.2 52.8 53.6 54.3 53.0 53.0 53.0 53.7 53.5 53.4 52.0 50.9 51.9 51.8 52.0 52.5 53.2 53.5 54.0 53.0 52.8 53.0 53.8 53.0 53.1 52.0 51.0 52.0 51.7 52.0 52.4 53.3 54.8 53.4 52.6 52.8 53.2 54.0 53.0 ... 52.3 51.2 51.7 51.9 52.0 52.4 53.0 53.9 54.1 52.9 52.9 53.0 53.7 53.3 ... Percentage change, preceding period 3 2 1 0 -1 -2 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to nominal GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to nominal GDP 55 54 53 52 51 50 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 43 Net Operating Surplus of Corporations, Millions of dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 52,171 56,909 71,342 66,761 70,680 75,528 75,039 68,107 53,141 72,671 83,022 86,268 84,054 84,220 92,448 56,966 64,613 68,746 71,324 72,854 74,820 75,636 69,303 52,597 72,611 81,384 86,602 79,617 89,569 93,578 53,357 69,651 68,048 72,336 77,819 73,541 72,415 69,415 55,123 73,042 83,892 86,528 80,112 95,238 92,831 53,062 71,478 65,621 71,495 78,436 73,183 69,938 57,072 63,003 79,147 85,206 84,203 79,861 95,857 ... 53,889 65,663 68,439 70,479 74,947 74,268 73,257 65,974 55,966 74,368 83,376 85,900 80,911 91,221 ... Level ($ Billions) 100 90 80 70 60 50 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 3.3 7.3 -0.2 1.7 -1.1 -3.7 2.5 -2.6 -6.9 15.3 4.9 1.2 -0.2 5.5 -3.6 9.2 13.5 -3.6 6.8 3.1 -0.9 0.8 1.8 -1.0 -0.1 -2.0 0.4 -5.3 6.4 1.2 -6.3 7.8 -1.0 1.4 6.8 -1.7 -4.3 0.2 4.8 0.6 3.1 -0.1 0.6 6.3 -0.8 -0.6 2.6 -3.6 -1.2 0.8 -0.5 -3.4 -17.8 14.3 8.4 1.6 -2.7 -0.3 0.6 ... 4.7 21.8 4.2 3.0 6.3 -0.9 -1.4 -9.9 -15.2 32.9 12.1 3.0 -5.8 12.7 ... Percentage change, preceding period 20 10 0 -10 -20 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to nominal GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 11.2 11.9 14.0 12.9 12.9 13.2 12.7 11.2 9.0 11.7 12.7 12.8 12.2 11.9 12.5 12.1 13.2 13.6 13.4 13.2 13.0 12.6 11.3 8.9 11.6 12.4 12.7 11.5 12.5 12.6 11.3 13.9 13.3 13.4 13.9 12.7 12.0 11.3 9.2 11.5 12.7 12.7 11.5 13.0 12.3 11.3 14.1 12.8 13.1 13.8 12.5 11.5 9.6 10.3 12.2 12.8 12.3 11.4 13.1 ... 11.5 13.3 13.4 13.2 13.5 12.8 12.2 10.8 9.4 11.8 12.6 12.6 11.7 12.6 ... Ratio to nominal GDP 15 14 13 12 11 10 9 8 2002 2004 Page 44 Ontario Economic Accounts: Third Quarter 2015 Gross Domestic Product, Millions of dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 464,702 479,165 510,647 519,150 545,942 573,863 591,688 607,624 593,364 620,293 653,060 674,044 690,103 708,283 737,412 469,980 490,668 505,009 530,618 551,543 577,334 601,812 614,018 591,999 624,227 655,504 679,560 690,584 716,852 742,719 470,665 500,860 510,137 539,554 561,476 578,551 604,310 615,107 596,343 632,738 663,084 684,010 693,856 730,002 752,577 470,989 508,567 512,251 544,139 567,579 583,217 609,131 597,036 609,822 646,698 667,325 682,722 698,297 732,743 ... 469,084 494,815 509,511 533,365 556,635 578,241 601,735 608,446 597,882 630,989 659,743 680,084 693,210 721,970 ... Level ($ Billions) 800 750 700 650 600 550 500 450 2002 2004 2006 2008 2010 2012 2014 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.8 1.7 0.4 1.3 0.3 1.1 1.5 -0.2 -0.6 1.7 1.0 1.0 1.1 1.4 0.6 1.1 2.4 -1.1 2.2 1.0 0.6 1.7 1.1 -0.2 0.6 0.4 0.8 0.1 1.2 0.7 0.1 2.1 1.0 1.7 1.8 0.2 0.4 0.2 0.7 1.4 1.2 0.7 0.5 1.8 1.3 0.1 1.5 0.4 0.8 1.1 0.8 0.8 -2.9 2.3 2.2 0.6 -0.2 0.6 0.4 ... 3.7 5.5 3.0 4.7 4.4 3.9 4.1 1.1 -1.7 5.5 4.6 3.1 1.9 4.1 ... Percentage change, preceding period 3 2 1 0 -1 -2 -3 -4 2002 2004 2006 2008 Ontario Economic Accounts: Third Quarter 2015 Page 45 Household expenditure on goods and services, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 266,142 275,541 285,054 292,201 302,508 312,358 325,685 334,020 334,055 342,950 354,251 358,063 362,691 370,619 382,663 267,579 277,810 287,104 292,708 304,778 313,614 327,897 336,945 334,815 346,292 353,887 358,377 365,804 374,539 386,209 268,294 279,467 288,986 296,651 306,846 316,523 328,381 337,243 337,211 349,288 354,223 359,745 368,165 377,786 389,050 271,802 284,155 288,617 299,648 311,092 321,769 330,885 336,427 337,703 354,086 353,995 361,379 369,341 380,280 ... 268,454 279,243 287,440 295,302 306,306 316,066 328,212 336,159 335,946 348,154 354,089 359,391 366,500 375,806 ... Level ($ Billions) 400 380 360 340 320 300 280 260 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.6 1.4 0.3 1.2 1.0 0.4 1.2 0.9 -0.7 1.6 0.0 1.1 0.4 0.3 0.6 0.5 0.8 0.7 0.2 0.8 0.4 0.7 0.9 0.2 1.0 -0.1 0.1 0.9 1.1 0.9 0.3 0.6 0.7 1.3 0.7 0.9 0.1 0.1 0.7 0.9 0.1 0.4 0.6 0.9 0.7 1.3 1.7 -0.1 1.0 1.4 1.7 0.8 -0.2 0.1 1.4 -0.1 0.5 0.3 0.7 ... 2.5 4.0 2.9 2.7 3.7 3.2 3.8 2.4 -0.1 3.6 1.7 1.5 2.0 2.5 ... I II III IV Annual 50.8 51.0 51.4 52.6 52.2 52.3 54.3 55.3 57.2 57.4 58.1 57.5 58.0 58.0 58.1 50.7 51.3 52.0 51.8 52.2 52.5 54.5 55.6 57.9 57.8 58.2 57.5 58.2 58.1 58.4 50.9 50.8 52.6 51.7 52.2 53.2 54.5 55.8 58.2 58.0 57.3 57.8 58.2 57.9 58.3 51.0 51.5 52.3 52.0 52.5 53.9 54.9 56.8 57.2 58.8 56.9 58.0 58.0 57.8 ... 50.8 51.2 52.1 52.0 52.3 53.0 54.5 55.9 57.6 58.0 57.6 57.7 58.1 58.0 ... Percentage change, preceding period 2.0 1.5 1.0 0.5 0.0 -0.5 -1.0 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 60 58 56 54 52 50 2002 2004 Page 46 Ontario Economic Accounts: Third Quarter 2015 Government expenditure on goods and services, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 95,202 96,576 103,316 105,631 107,804 110,810 112,840 115,484 120,234 123,772 124,875 126,724 124,882 126,116 128,074 97,217 98,905 103,356 107,352 108,281 112,472 112,716 118,306 120,326 124,809 125,664 126,143 125,632 127,019 128,597 97,954 100,720 102,518 107,830 108,297 113,833 112,680 119,384 121,457 124,803 125,931 125,343 126,031 126,496 128,228 98,564 102,928 103,658 107,628 108,486 114,340 113,072 120,430 122,699 124,948 126,019 124,598 126,266 126,714 ... 97,234 99,782 103,212 107,110 108,217 112,864 112,827 118,401 121,179 124,583 125,622 125,702 125,703 126,586 ... Level ($ Billions) 130 120 110 100 90 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.4 -2.0 0.4 1.9 0.2 2.1 -1.3 2.1 -0.2 0.9 -0.1 0.6 0.2 -0.1 1.1 2.1 2.4 0.0 1.6 0.4 1.5 -0.1 2.4 0.1 0.8 0.6 -0.5 0.6 0.7 0.4 0.8 1.8 -0.8 0.4 0.0 1.2 -0.0 0.9 0.9 -0.0 0.2 -0.6 0.3 -0.4 -0.3 0.6 2.2 1.1 -0.2 0.2 0.4 0.3 0.9 1.0 0.1 0.1 -0.6 0.2 0.2 ... 3.2 2.6 3.4 3.8 1.0 4.3 -0.0 4.9 2.3 2.8 0.8 0.1 0.0 0.7 ... I II III IV Annual 18.2 17.9 18.6 19.0 18.6 18.6 18.8 19.1 20.6 20.7 20.5 20.4 20.0 19.7 19.4 18.4 18.3 18.7 19.0 18.5 18.8 18.7 19.5 20.8 20.8 20.6 20.3 20.0 19.7 19.4 18.6 18.3 18.6 18.8 18.4 19.1 18.7 19.8 21.0 20.7 20.4 20.1 19.9 19.4 19.2 18.5 18.7 18.8 18.7 18.3 19.2 18.8 20.3 20.8 20.7 20.3 20.0 19.8 19.3 ... 18.4 18.3 18.7 18.9 18.5 18.9 18.8 19.7 20.8 20.8 20.4 20.2 19.9 19.5 ... Percentage change, preceding period 3 2 1 0 -1 -2 -3 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 22 21 20 19 18 17 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 47 Total gross fixed capital formation, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 95,426 86,785 103,239 102,361 111,351 117,022 116,441 126,081 103,777 121,816 120,557 126,781 121,123 112,438 122,621 96,231 93,008 100,792 105,114 112,584 118,005 117,105 122,434 106,819 121,676 122,684 125,302 118,141 116,585 123,139 96,394 100,141 99,898 107,574 113,890 118,311 121,846 117,592 113,171 121,719 125,064 123,615 114,675 119,861 123,356 93,829 105,711 99,231 111,064 114,187 119,818 124,857 109,257 119,646 120,086 126,251 124,915 110,572 121,983 ... 95,470 96,411 100,790 106,528 113,003 118,289 120,062 118,841 110,853 121,324 123,639 125,153 116,128 117,717 ... Level ($ Billions) 130 120 110 100 90 80 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 2.9 -7.5 -2.3 3.2 0.3 2.5 -2.8 1.0 -5.0 1.8 0.4 0.4 -3.0 1.7 0.5 0.8 7.2 -2.4 2.7 1.1 0.8 0.6 -2.9 2.9 -0.1 1.8 -1.2 -2.5 3.7 0.4 0.2 7.7 -0.9 2.3 1.2 0.3 4.0 -4.0 5.9 0.0 1.9 -1.3 -2.9 2.8 0.2 -2.7 5.6 -0.7 3.2 0.3 1.3 2.5 -7.1 5.7 -1.3 0.9 1.1 -3.6 1.8 ... 3.0 1.0 4.5 5.7 6.1 4.7 1.5 -1.0 -6.7 9.4 1.9 1.2 -7.2 1.4 ... I II III IV Annual 18.2 16.1 18.6 18.4 19.2 19.6 19.4 20.9 17.8 20.4 19.8 20.4 19.4 17.6 18.6 18.2 17.2 18.3 18.6 19.3 19.7 19.5 20.2 18.5 20.3 20.2 20.1 18.8 18.1 18.6 18.3 18.2 18.2 18.7 19.4 19.9 20.2 19.5 19.5 20.2 20.2 19.8 18.1 18.4 18.5 17.6 19.2 18.0 19.3 19.3 20.1 20.7 18.4 20.3 19.9 20.3 20.1 17.4 18.6 ... 18.1 17.7 18.3 18.8 19.3 19.8 20.0 19.7 19.0 20.2 20.1 20.1 18.4 18.2 ... Percentage change, preceding period 10 5 0 -5 -10 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 21 20 19 18 17 16 15 2002 2004 Page 48 Ontario Economic Accounts: Third Quarter 2015 Business gross fixed capital formation, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 78,618 69,340 84,767 82,088 90,818 94,505 94,432 101,160 81,091 90,148 92,032 100,729 95,916 88,767 97,267 79,532 75,564 81,668 84,968 91,155 95,582 92,920 98,744 82,182 90,324 94,744 98,968 93,807 92,448 97,770 79,627 82,288 80,436 87,900 91,869 95,729 100,311 95,259 85,571 90,451 97,660 97,546 90,711 95,193 98,086 76,359 88,005 78,922 91,136 91,870 96,684 100,442 87,814 88,876 90,181 99,980 98,845 87,482 96,507 ... 78,534 78,799 81,448 86,523 91,428 95,625 97,026 95,744 84,430 90,276 96,104 99,022 91,979 93,229 ... Level ($ Billions) 110 100 90 80 70 60 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 2.1 -9.2 -3.7 4.0 -0.3 2.9 -2.3 0.7 -7.7 1.4 2.1 0.7 -3.0 1.5 0.8 1.2 9.0 -3.7 3.5 0.4 1.1 -1.6 -2.4 1.3 0.2 2.9 -1.7 -2.2 4.1 0.5 0.1 8.9 -1.5 3.5 0.8 0.2 8.0 -3.5 4.1 0.1 3.1 -1.4 -3.3 3.0 0.3 -4.1 6.9 -1.9 3.7 0.0 1.0 0.1 -7.8 3.9 -0.3 2.4 1.3 -3.6 1.4 ... 1.7 0.3 3.4 6.2 5.7 4.6 1.5 -1.3 -11.8 6.9 6.5 3.0 -7.1 1.4 ... I II III IV Annual 15.0 12.8 15.3 14.8 15.7 15.8 15.7 16.8 13.9 15.1 15.1 16.2 15.3 13.9 14.8 15.1 13.9 14.8 15.0 15.6 16.0 15.4 16.3 14.2 15.1 15.6 15.9 14.9 14.3 14.8 15.1 15.0 14.6 15.3 15.6 16.1 16.7 15.8 14.8 15.0 15.8 15.7 14.3 14.6 14.7 14.3 16.0 14.3 15.8 15.5 16.2 16.7 14.8 15.0 15.0 16.1 15.9 13.7 14.7 ... 14.9 14.4 14.8 15.2 15.6 16.0 16.1 15.9 14.5 15.0 15.6 15.9 14.6 14.4 ... Percentage change, preceding period 10 5 0 -5 -10 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 17 16 15 14 13 12 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 49 Business gross fixed capital formation - Residential Structures, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 32,475 34,651 35,718 37,091 39,900 40,634 40,509 40,119 34,190 40,875 38,710 44,007 42,428 40,476 43,986 31,949 36,098 36,265 37,877 39,684 39,539 40,177 40,616 35,170 40,340 39,874 42,820 42,645 42,299 44,555 33,160 37,078 36,625 40,177 39,456 39,117 40,640 39,049 36,439 38,743 42,242 41,899 41,757 43,111 44,847 34,980 37,813 38,943 39,851 38,524 39,633 41,574 35,388 40,093 37,805 42,619 42,386 41,442 42,994 ... 33,141 36,410 36,888 38,749 39,391 39,731 40,725 38,793 36,473 39,441 40,861 42,778 42,068 42,220 ... Level ($ Billions) 50 45 40 35 30 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 1.8 -0.9 -5.5 -4.8 0.1 5.5 2.2 -3.5 -3.4 2.0 2.4 3.3 0.1 -2.3 2.3 -1.6 4.2 1.5 2.1 -0.5 -2.7 -0.8 1.2 2.9 -1.3 3.0 -2.7 0.5 4.5 1.3 3.8 2.7 1.0 6.1 -0.6 -1.1 1.2 -3.9 3.6 -4.0 5.9 -2.2 -2.1 1.9 0.7 5.5 2.0 6.3 -0.8 -2.4 1.3 2.3 -9.4 10.0 -2.4 0.9 1.2 -0.8 -0.3 ... 9.9 9.9 1.3 5.0 1.7 0.9 2.5 -4.7 -6.0 8.1 3.6 4.7 -1.7 0.4 ... I II III IV Annual 6.2 6.4 6.4 6.7 6.9 6.8 6.7 6.6 5.9 6.8 6.4 7.1 6.8 6.3 6.7 6.1 6.7 6.6 6.7 6.8 6.6 6.7 6.7 6.1 6.7 6.6 6.9 6.8 6.6 6.7 6.3 6.7 6.7 7.0 6.7 6.6 6.7 6.5 6.3 6.4 6.8 6.7 6.6 6.6 6.7 6.6 6.9 7.1 6.9 6.5 6.6 6.9 6.0 6.8 6.3 6.9 6.8 6.5 6.5 ... 6.3 6.7 6.7 6.8 6.7 6.7 6.8 6.4 6.3 6.6 6.6 6.9 6.7 6.5 ... Percentage change, preceding period 15 10 5 0 -5 -10 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 7.2 7.0 6.8 6.6 6.4 6.2 6.0 5.8 2002 2004 Page 50 Ontario Economic Accounts: Third Quarter 2015 Business gross fixed capital formation - Plant and Equipment, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 35,349 28,900 35,779 34,731 38,879 42,011 44,089 46,821 35,851 36,701 41,424 43,728 42,005 36,507 42,751 35,560 31,937 34,710 35,753 38,940 43,330 44,198 44,501 35,751 37,573 42,775 44,719 39,631 38,878 42,667 35,910 34,988 34,182 36,917 40,039 44,136 45,404 43,399 37,071 39,542 42,965 44,139 37,122 40,996 42,869 32,861 37,235 33,589 38,063 40,915 44,530 43,493 40,343 36,467 40,508 44,747 44,994 34,098 42,559 ... 34,920 33,265 34,565 36,366 39,693 43,502 44,296 43,766 36,285 38,581 42,978 44,395 38,214 39,735 ... Level ($ Billions) 50 45 40 35 30 25 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.5 -12.1 -3.9 3.4 2.1 2.7 -1.0 7.7 -11.1 0.6 2.3 -2.3 -6.6 7.1 0.4 0.6 10.5 -3.0 2.9 0.2 3.1 0.2 -5.0 -0.3 2.4 3.3 2.3 -5.7 6.5 -0.2 1.0 9.6 -1.5 3.3 2.8 1.9 2.7 -2.5 3.7 5.2 0.4 -1.3 -6.3 5.4 0.5 -8.5 6.4 -1.7 3.1 2.2 0.9 -4.2 -7.0 -1.6 2.4 4.1 1.9 -8.1 3.8 ... -4.3 -4.7 3.9 5.2 9.1 9.6 1.8 -1.2 -17.1 6.3 11.4 3.3 -13.9 4.0 ... I II III IV Annual 6.7 5.3 6.5 6.3 6.7 7.0 7.3 7.8 6.1 6.1 6.8 7.0 6.7 5.7 6.5 6.7 5.9 6.3 6.3 6.7 7.3 7.3 7.3 6.2 6.3 7.0 7.2 6.3 6.0 6.4 6.8 6.4 6.2 6.4 6.8 7.4 7.5 7.2 6.4 6.6 6.9 7.1 5.9 6.3 6.4 6.2 6.8 6.1 6.6 6.9 7.5 7.2 6.8 6.2 6.7 7.2 7.2 5.4 6.5 ... 6.6 6.1 6.3 6.4 6.8 7.3 7.4 7.3 6.2 6.4 7.0 7.1 6.1 6.1 ... Percentage change, preceding period 15 10 5 0 -5 -10 -15 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 8.0 7.5 7.0 6.5 6.0 5.5 5.0 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 51 Business gross fixed capital formation - Non-residential Structures, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 12,880 13,889 13,872 13,256 13,812 14,380 16,035 16,804 13,963 15,152 16,347 18,982 19,154 18,254 19,538 13,532 13,945 13,631 13,347 13,603 15,025 16,159 15,913 13,976 14,635 17,250 19,677 18,702 18,619 20,356 13,900 13,884 13,381 13,399 13,450 15,549 16,338 15,053 14,770 14,598 18,738 19,613 18,284 18,937 20,658 13,883 13,874 13,176 13,422 13,683 16,074 16,720 13,998 15,391 14,663 20,122 20,012 17,756 19,250 ... 13,549 13,898 13,515 13,356 13,637 15,257 16,313 15,442 14,525 14,762 18,114 19,571 18,474 18,765 ... Level ($ Billions) 22 20 18 16 14 12 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 8.7 0.0 -0.0 0.6 2.9 5.1 -0.2 0.5 -0.2 -1.6 11.5 -5.7 -4.3 2.8 1.5 5.1 0.4 -1.7 0.7 -1.5 4.5 0.8 -5.3 0.1 -3.4 5.5 3.7 -2.4 2.0 4.2 2.7 -0.4 -1.8 0.4 -1.1 3.5 1.1 -5.4 5.7 -0.3 8.6 -0.3 -2.2 1.7 1.5 -0.1 -0.1 -1.5 0.2 1.7 3.4 2.3 -7.0 4.2 0.4 7.4 2.0 -2.9 1.7 ... -0.9 2.6 -2.8 -1.2 2.1 11.9 6.9 -5.3 -5.9 1.6 22.7 8.0 -5.6 1.6 ... I II III IV Annual 2.5 2.6 2.5 2.4 2.4 2.4 2.7 2.8 2.4 2.5 2.7 3.0 3.1 2.9 3.0 2.6 2.6 2.5 2.4 2.3 2.5 2.7 2.6 2.4 2.4 2.8 3.2 3.0 2.9 3.1 2.6 2.5 2.4 2.3 2.3 2.6 2.7 2.5 2.6 2.4 3.0 3.1 2.9 2.9 3.1 2.6 2.5 2.4 2.3 2.3 2.7 2.8 2.4 2.6 2.4 3.2 3.2 2.8 2.9 ... 2.6 2.5 2.4 2.4 2.3 2.6 2.7 2.6 2.5 2.5 2.9 3.1 2.9 2.9 ... Percentage change, preceding period 15 10 5 0 -5 -10 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 3.4 3.2 3.0 2.8 2.6 2.4 2.2 2002 2004 Page 52 Ontario Economic Accounts: Third Quarter 2015 Business gross fixed capital formation - Machinery and equipment, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 22,644 19,849 20,246 22,692 24,511 27,759 29,541 27,309 23,326 20,589 25,454 23,884 22,457 17,249 22,763 22,301 19,790 20,778 22,665 25,100 28,099 28,752 27,728 22,200 22,627 25,554 24,433 20,266 19,431 21,703 21,225 20,149 21,751 23,198 26,718 28,275 28,338 29,240 21,803 25,262 23,655 24,194 17,910 21,423 21,568 20,186 19,976 22,601 23,865 27,674 28,735 25,301 29,107 19,511 26,790 23,641 24,861 15,155 22,905 ... 21,589 19,941 21,344 23,105 26,001 28,217 27,983 28,346 21,710 23,817 24,576 24,343 18,947 20,252 ... Level ($ Billions) 30 25 20 15 10 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.0 -1.7 1.4 0.4 2.7 0.3 2.8 7.9 -19.9 5.5 -5.0 1.0 -9.7 13.8 -0.6 -1.5 -0.3 2.6 -0.1 2.4 1.2 -2.7 1.5 -4.8 9.9 0.4 2.3 -9.8 12.6 -4.7 -4.8 1.8 4.7 2.4 6.4 0.6 -1.4 5.5 -1.8 11.6 -7.4 -1.0 -11.6 10.3 -0.6 -4.9 -0.9 3.9 2.9 3.6 1.6 -10.7 -0.5 -10.5 6.1 -0.1 2.8 -15.4 6.9 ... -5.5 -7.6 7.0 8.3 12.5 8.5 -0.8 1.3 -23.4 9.7 3.2 -0.9 -22.2 6.9 ... Percentage change, preceding period 20 10 0 -10 -20 -30 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 4.3 3.7 3.7 4.1 4.2 4.6 4.9 4.5 4.0 3.4 4.2 3.8 3.6 2.7 3.5 4.2 3.7 3.8 4.0 4.3 4.7 4.8 4.6 3.8 3.8 4.2 3.9 3.2 3.0 3.3 4.0 3.7 4.0 4.0 4.5 4.7 4.7 4.8 3.8 4.2 3.8 3.9 2.8 3.3 3.2 3.8 3.6 4.1 4.1 4.7 4.8 4.2 4.9 3.3 4.4 3.8 4.0 2.4 3.5 ... 4.1 3.7 3.9 4.1 4.4 4.7 4.7 4.7 3.7 4.0 4.0 3.9 3.0 3.1 ... Ratio to real GDP 5.0 4.5 4.0 3.5 3.0 2.5 2.0 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 53 Business gross fixed capital formation - Intellectual property products, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 10,933 9,014 10,498 10,908 12,334 12,358 11,696 13,272 11,689 12,170 12,238 12,921 11,498 11,357 10,550 10,753 9,276 10,359 11,584 12,613 12,209 11,909 13,239 11,480 12,245 12,335 11,556 11,343 11,012 10,521 9,543 9,868 10,204 11,994 12,684 12,167 12,227 13,140 11,836 12,315 12,498 11,695 11,473 10,993 10,339 8,983 10,334 10,367 12,554 12,337 12,794 12,188 13,117 11,748 12,313 12,600 11,724 11,350 11,035 ... 10,053 9,623 10,357 11,760 12,492 12,382 12,005 13,192 11,688 12,261 12,418 11,974 11,416 11,099 ... Level ($ Billions) 14 13 12 11 10 9 8 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 6.0 0.3 1.6 5.2 -1.8 0.2 -8.6 8.9 -10.9 3.6 -0.6 2.5 -1.9 0.1 -4.4 -1.6 2.9 -1.3 6.2 2.3 -1.2 1.8 -0.2 -1.8 0.6 0.8 -10.6 -1.3 -3.0 -0.3 -11.3 6.4 -1.5 3.5 0.6 -0.3 2.7 -0.7 3.1 0.6 1.3 1.2 1.2 -0.2 -1.7 -5.9 4.7 1.6 4.7 -2.7 5.1 -0.3 -0.2 -0.7 -0.0 0.8 0.3 -1.1 0.4 ... 8.4 -4.3 7.6 13.5 6.2 -0.9 -3.0 9.9 -11.4 4.9 1.3 -3.6 -4.7 -2.8 ... Percentage change, preceding period 10 5 0 -5 -10 -15 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 2.1 1.7 1.9 2.0 2.1 2.1 1.9 2.2 2.0 2.0 2.0 2.1 1.8 1.8 1.6 2.0 1.7 1.9 2.0 2.2 2.0 2.0 2.2 2.0 2.0 2.0 1.9 1.8 1.7 1.6 1.8 1.8 1.9 2.1 2.2 2.0 2.0 2.2 2.0 2.0 2.0 1.9 1.8 1.7 1.5 1.7 1.9 1.9 2.2 2.1 2.1 2.0 2.2 2.0 2.0 2.0 1.9 1.8 1.7 ... 1.9 1.8 1.9 2.1 2.1 2.1 2.0 2.2 2.0 2.0 2.0 1.9 1.8 1.7 ... Ratio to real GDP 2.4 2.2 2.0 1.8 1.6 1.4 2002 2004 Page 54 Ontario Economic Accounts: Third Quarter 2015 Government capital expenditure, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 16,110 16,424 18,143 19,249 20,385 21,300 21,337 23,857 21,799 30,284 27,832 25,365 24,007 22,845 24,285 16,150 16,826 18,674 19,321 20,732 21,686 22,154 22,727 23,761 30,551 26,922 25,428 23,292 23,195 24,287 16,175 17,071 18,996 19,660 20,775 21,847 22,641 21,482 26,719 30,547 26,011 24,964 23,063 23,626 24,173 16,725 17,399 19,359 20,257 20,976 22,106 23,360 20,066 29,814 29,118 25,726 24,738 22,345 24,378 ... 16,290 16,930 18,793 19,622 20,717 21,735 22,373 22,033 25,523 30,125 26,623 25,124 23,177 23,511 ... Level ($ Billions) 35 30 25 20 15 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 4.7 -1.8 4.3 -0.6 0.6 1.5 -3.5 2.1 8.6 1.6 -4.4 -1.4 -3.0 2.2 -0.4 0.3 2.4 2.9 0.4 1.7 1.8 3.8 -4.7 9.0 0.9 -3.3 0.2 -3.0 1.5 0.0 0.2 1.5 1.7 1.8 0.2 0.7 2.2 -5.5 12.5 -0.0 -3.4 -1.8 -1.0 1.9 -0.5 3.4 1.9 1.9 3.0 1.0 1.2 3.2 -6.6 11.6 -4.7 -1.1 -0.9 -3.1 3.2 ... 10.1 3.9 11.0 4.4 5.6 4.9 2.9 -1.5 15.8 18.0 -11.6 -5.6 -7.7 1.4 ... Percentage change, preceding period 15 10 5 0 -5 -10 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 3.1 3.0 3.3 3.5 3.5 3.6 3.6 4.0 3.7 5.1 4.6 4.1 3.8 3.6 3.7 3.1 3.1 3.4 3.4 3.6 3.6 3.7 3.7 4.1 5.1 4.4 4.1 3.7 3.6 3.7 3.1 3.1 3.5 3.4 3.5 3.7 3.8 3.6 4.6 5.1 4.2 4.0 3.6 3.6 3.6 3.1 3.2 3.5 3.5 3.5 3.7 3.9 3.4 5.0 4.8 4.1 4.0 3.5 3.7 ... 3.1 3.1 3.4 3.5 3.5 3.6 3.7 3.7 4.4 5.0 4.3 4.0 3.7 3.6 ... Ratio to real GDP 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 55 Exports of goods and services, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 313,029 307,396 308,633 322,101 329,232 342,232 334,656 330,557 270,471 294,612 303,116 323,551 320,438 327,072 331,073 310,377 312,019 309,824 331,415 331,500 337,453 339,580 326,559 265,984 299,299 306,356 325,111 331,049 331,964 331,817 302,817 318,493 311,264 330,682 339,416 334,695 343,809 317,648 278,624 296,214 319,650 321,455 327,798 339,641 341,704 300,966 310,636 321,508 329,905 343,512 338,908 340,068 296,476 289,381 303,095 326,142 315,511 331,650 337,671 ... 306,797 312,136 312,807 328,526 335,915 338,322 339,528 317,810 276,115 298,305 313,816 321,407 327,734 334,087 ... Level ($ Billions) 360 340 320 300 280 260 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual -2.1 2.1 -0.6 0.2 -0.2 -0.4 -1.3 -2.8 -8.8 1.8 0.0 -0.8 1.6 -1.4 -2.0 -0.8 1.5 0.4 2.9 0.7 -1.4 1.5 -1.2 -1.7 1.6 1.1 0.5 3.3 1.5 0.2 -2.4 2.1 0.5 -0.2 2.4 -0.8 1.2 -2.7 4.8 -1.0 4.3 -1.1 -1.0 2.3 3.0 -0.6 -2.5 3.3 -0.2 1.2 1.3 -1.1 -6.7 3.9 2.3 2.0 -1.8 1.2 -0.6 ... -3.2 1.7 0.2 5.0 2.2 0.7 0.4 -6.4 -13.1 8.0 5.2 2.4 2.0 1.9 ... I II III IV Annual 59.7 56.9 55.6 58.0 56.8 57.3 55.8 54.8 46.3 49.3 49.8 52.0 51.2 51.2 50.2 58.8 57.6 56.1 58.6 56.8 56.5 56.4 53.9 46.0 50.0 50.3 52.2 52.6 51.5 50.1 57.5 57.9 56.6 57.6 57.7 56.2 57.1 52.6 48.1 49.2 51.7 51.6 51.8 52.1 51.2 56.5 56.3 58.3 57.2 58.0 56.8 56.5 50.0 49.0 50.3 52.4 50.7 52.1 51.4 ... 58.1 57.2 56.7 57.9 57.3 56.7 56.4 52.8 47.4 49.7 51.0 51.6 51.9 51.5 ... Percentage change, preceding period 10 5 0 -5 -10 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 65 60 55 50 45 2002 2004 Page 56 Ontario Economic Accounts: Third Quarter 2015 Imports of goods and services, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 253,172 247,424 254,086 274,275 285,070 299,369 308,321 319,015 254,105 299,770 308,403 326,036 315,685 313,965 324,783 252,761 256,610 260,831 276,682 285,556 300,003 303,298 313,284 255,893 303,732 316,474 322,220 319,223 320,815 325,070 244,030 257,595 260,469 283,736 291,281 301,407 313,484 304,721 280,094 301,910 319,862 319,385 315,897 322,487 324,749 244,080 255,046 274,267 288,015 296,258 302,973 324,613 282,524 293,372 303,077 325,677 315,150 318,667 326,021 ... 248,511 254,169 262,413 280,677 289,541 300,938 312,429 304,886 270,866 302,122 317,604 320,698 317,368 320,822 ... Level ($ Billions) 340 320 300 280 260 240 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual -3.0 1.4 -0.4 0.0 -1.0 1.1 1.8 -1.7 -10.1 2.2 1.8 0.1 0.2 -1.5 -0.4 -0.2 3.7 2.7 0.9 0.2 0.2 -1.6 -1.8 0.7 1.3 2.6 -1.2 1.1 2.2 0.1 -3.5 0.4 -0.1 2.5 2.0 0.5 3.4 -2.7 9.5 -0.6 1.1 -0.9 -1.0 0.5 -0.1 0.0 -1.0 5.3 1.5 1.7 0.5 3.6 -7.3 4.7 0.4 1.8 -1.3 0.9 1.1 ... -4.7 2.3 3.2 7.0 3.2 3.9 3.8 -2.4 -11.2 11.5 5.1 1.0 -1.0 1.1 ... I II III IV Annual 48.3 45.8 45.8 49.4 49.2 50.1 51.4 52.9 43.5 50.2 50.6 52.4 50.5 49.1 49.3 47.9 47.4 47.2 49.0 48.9 50.2 50.4 51.7 44.3 50.7 52.0 51.7 50.8 49.8 49.1 46.3 46.9 47.4 49.4 49.5 50.6 52.0 50.4 48.4 50.2 51.7 51.3 49.9 49.4 48.7 45.8 46.2 49.7 50.0 50.0 50.8 53.9 47.7 49.7 50.3 52.4 50.6 50.0 49.6 ... 47.1 46.6 47.5 49.4 49.4 50.4 51.9 50.7 46.5 50.3 51.7 51.5 50.3 49.5 ... Percentage change, preceding period 10 5 0 -5 -10 -15 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 56 54 52 50 48 46 44 42 2002 2004 Ontario Economic Accounts: Third Quarter 2015 Page 57 Final Domestic Demand, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 465,394 479,605 491,327 510,894 529,790 550,366 564,631 586,621 568,044 597,552 609,769 621,224 619,180 618,671 643,812 468,656 482,447 496,853 512,961 533,331 553,133 565,368 588,225 571,187 601,168 612,913 619,079 619,445 627,911 648,350 469,112 484,651 501,525 519,821 537,961 557,000 571,944 584,709 580,575 605,044 614,638 618,760 618,379 634,186 650,968 472,962 489,309 508,416 524,052 543,918 564,957 578,461 573,297 589,107 609,392 614,901 621,317 615,257 639,256 ... 469,031 484,003 499,530 516,932 536,250 556,364 570,101 583,213 577,228 603,289 613,055 620,095 618,065 630,006 ... Level ($ Billions) 700 650 600 550 500 450 2002 2004 2006 2008 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 1.2 1.4 0.4 0.5 1.1 1.2 -0.1 1.4 -0.9 1.4 0.1 1.0 -0.3 0.6 0.7 0.7 0.6 1.1 0.4 0.7 0.5 0.1 0.3 0.6 0.6 0.5 -0.3 0.0 1.5 0.7 0.1 0.5 0.9 1.3 0.9 0.7 1.2 -0.6 1.6 0.6 0.3 -0.1 -0.2 1.0 0.4 0.8 1.0 1.4 0.8 1.1 1.4 1.1 -2.0 1.5 0.7 0.0 0.4 -0.5 0.8 ... 2.8 3.2 3.2 3.5 3.7 3.8 2.5 2.3 -1.0 4.5 1.6 1.1 -0.3 1.9 ... I II III IV Annual 88.8 88.8 88.6 92.1 91.5 92.2 94.1 97.2 97.3 100.1 100.1 99.8 99.0 96.8 97.7 88.8 89.0 90.0 90.8 91.4 92.6 93.9 97.0 98.8 100.4 100.7 99.4 98.5 97.4 98.0 89.0 88.1 91.2 90.6 91.5 93.5 95.0 96.8 100.3 100.5 99.4 99.3 97.7 97.2 97.5 88.7 88.7 92.2 90.9 91.8 94.6 96.0 96.7 99.7 101.1 98.9 99.8 96.6 97.2 ... 88.8 88.7 90.5 91.1 91.5 93.2 94.7 96.9 99.0 100.5 99.8 99.6 97.9 97.2 ... Percentage change, preceding period 2 1 0 -1 -2 -3 2002 2004 2006 2008 2010 2012 2014 2006 2008 2010 2012 2014 Ratio to real GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Ratio to real GDP 105 100 95 90 85 2002 2004 Page 58 Ontario Economic Accounts: Third Quarter 2015 Gross Domestic Product, Millions of chained (2007) dollars Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 524,045 540,207 554,645 555,008 579,268 597,223 600,274 603,619 583,879 597,105 609,242 622,377 625,473 638,828 658,907 527,975 541,806 552,236 565,229 583,797 597,567 602,017 606,333 577,987 598,926 608,567 622,748 628,942 644,846 661,731 527,027 549,825 549,768 573,901 588,012 595,413 602,334 604,268 579,113 601,924 618,620 622,869 632,764 652,196 667,426 533,097 551,570 551,679 576,263 592,295 596,985 602,316 592,672 590,637 602,570 621,994 622,874 637,093 657,538 ... 528,036 545,852 552,082 567,600 585,843 596,797 601,735 601,723 582,904 600,131 614,606 622,717 631,068 648,352 ... Level ($ Billions) 700 650 600 550 500 2002 2004 2006 2008 2010 2012 2014 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.2 1.3 0.6 0.6 0.5 0.8 0.6 0.2 -1.5 1.1 1.1 0.1 0.4 0.3 0.2 0.8 0.3 -0.4 1.8 0.8 0.1 0.3 0.4 -1.0 0.3 -0.1 0.1 0.6 0.9 0.4 -0.2 1.5 -0.4 1.5 0.7 -0.4 0.1 -0.3 0.2 0.5 1.7 0.0 0.6 1.1 0.9 1.2 0.3 0.3 0.4 0.7 0.3 -0.0 -1.9 2.0 0.1 0.5 0.0 0.7 0.8 ... 1.8 3.4 1.1 2.8 3.2 1.9 0.8 -0.0 -3.1 3.0 2.4 1.3 1.3 2.7 ... Percentage change, preceding period 3 2 1 0 -1 -2 2002 2004 2006 2008 Ontario Economic Accounts: Third Quarter 2015 Page 59 Implicit Price Index, GDP, Using chained (2007) dollars Index 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 88.7 88.7 92.1 93.5 94.2 96.1 98.6 100.7 101.6 103.9 107.2 108.3 110.3 110.9 111.9 89.0 90.6 91.4 93.9 94.5 96.6 100.0 101.3 102.4 104.2 107.7 109.1 109.8 111.2 112.2 89.3 91.1 92.8 94.0 95.5 97.2 100.3 101.8 103.0 105.1 107.2 109.8 109.7 111.9 112.8 88.3 92.2 92.9 94.4 95.8 97.7 101.1 100.7 103.2 107.3 107.3 109.6 109.6 111.4 ... 88.8 90.6 92.3 94.0 95.0 96.9 100.0 101.1 102.6 105.1 107.3 109.2 109.8 111.4 ... Index (2007 = 100) 115 110 105 100 95 90 85 2002 2004 2006 2008 2010 2012 2014 2010 2012 2014 Percentage change, preceding period 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 I II III IV Annual 0.6 0.4 -0.1 0.7 -0.2 0.3 0.9 -0.5 0.9 0.6 -0.1 0.9 0.7 1.2 0.4 0.4 2.1 -0.7 0.4 0.2 0.5 1.4 0.6 0.8 0.3 0.5 0.8 -0.5 0.3 0.3 0.3 0.6 1.5 0.1 1.1 0.6 0.4 0.5 0.5 0.9 -0.5 0.6 -0.1 0.7 0.5 -1.1 1.2 0.1 0.4 0.4 0.5 0.8 -1.0 0.3 2.1 0.1 -0.2 -0.0 -0.4 ... 1.9 2.0 1.8 1.8 1.1 2.0 3.2 1.1 1.4 2.5 2.1 1.7 0.6 1.4 ... Percentage change, preceding period 3 2 1 0 -1 -2 2002 2004 2006 2008 Third Quarter of 2015 (July, August, September) Ontario Ministry of Finance Any questions or comments on the Ontario Economic Accounts can be directed to: Ministry of Finance Economic and Revenue Forecasting and Analysis Branch Current Analysis Unit 6th Floor, Frost Building North 95 Grosvenor Street Toronto ON M7A 1Z1 416 325-0755 Ontario Economic Accounts website: www.fin.gov.on.ca/en/economy/ecaccts © Queen’s Printer for Ontario, 2016 ISSN 0828-3877 (Print) ISSN 1496-8452 (PDF/HTML) Ce document est disponible en français January 2016