November 5, 2014
Gross Domestic Product
Northwest Territories, 2013 Final
Today, Statistics Canada released initial 2013 estimates of income and expenditure accounts and
revised 2013 estimates of Gross Domestic Product (GDP) by industry for Canada, the provinces
and territories.
Table 1 shows the chained (2007) dollar GDP at market prices for Canada, the provinces and
territories for 2012 and 2013. Changes in chained dollar GDP estimates only reflect changes in the
quantities of goods and services produced, not their prices. In 2013, the chained dollar GDP for the
Northwest Territories rose by 3.5%. Among the provinces, Nunavut and Newfoundland and
Labrador experienced the highest growth in GDP while the only provinces to post a decline in GDP
were Yukon and New Brunswick. Nationally, GDP for Canada rose by 2.0% between 2012 and
2013.
Table 1
Gross Domestic Product at Market Prices, 2013 and 2012
Canada, Provinces and Territories
Millions of chained (2007) dollars
________________________________________________________________________________________________________________________________
2013
2012
Percent
Change
(%)
___________________________________________________________________________________________________________________________________________________________
Canada
1,705,567
1,672,067
2.0
3,632
2,030
2,283
3,508
1,826
2,303
3.5
11.2
-0.9
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
215,218
302,966
62,716
56,486
632,368
211,124
291,855
59,737
55,252
624,369
1.9
3.8
5.0
2.2
1.3
Quebec
New Brunswick
Nova Scotia
Prince Edward Island
Newfoundland and Labrador
331,231
28,272
36,042
5,006
29,588
328,082
28,426
35,950
4,908
27,592
1.0
-0.5
0.3
2.0
7.2
Northwest Territories
Nunavut
Yukon
___________________________________________________________________________________________________________________________________________________________
2014-026
ISSN-08027-3545
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Table 2 shows GDP at market prices in current dollars for Canada, the provinces and territories for
2012 and 2013. This measure of GDP includes the impact of both volume and price changes.
Among the provinces and territories, Newfoundland and Labrador experienced the highest growth,
increasing by 10.7% while Nunavut was second highest at 9.2%. In contrast, the Northwest
Territories was the only province or territory that experienced a decline in current dollar GDP falling
by 1.6%.
Table 2
Gross Domestic Product at Market Prices, 2013 and 2012
Canada, Provinces and Territories
Millions of current dollars
________________________________________________________________________________________________________________________________
2013
2012
Percent
Change
(%)
___________________________________________________________________________________________________________________________________________________________
Canada
1,893,759
1,831,228
3.4
4,412
2,445
2,539
4,484
2,239
2,503
-1.6
9.2
1.4
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
229,685
338,166
83,222
61,323
695,705
222,565
315,803
78,873
59,126
679,616
3.2
7.1
5.5
3.7
2.4
Quebec
New Brunswick
Nova Scotia
Prince Edward Island
Newfoundland and Labrador
362,846
31,900
39,145
5,788
35,832
357,431
31,751
38,214
5,514
32,365
1.5
0.5
2.4
5.0
10.7
Northwest Territories
Nunavut
Yukon
___________________________________________________________________________________________________________________________________________________________
The detailed components of GDP can be shown through the income or expenditure side of the
production process.
The components on the income side of GDP details the income earned from the factors of
production; these are labour (compensation of employees), and capital (consumption of fixed
capital). During the production process, profit is also earned, and is included in net operating
surplus. Net mixed income includes income that cannot be separated into labour and profit, such as
the income earned by those who are self-employed.
Table 3 shows select income-side components of current dollar GDP for the Northwest Territories.
The decline in current dollar GDP in the Northwest Territories was mostly a result of a decline in net
operating surplus. This was partially offset by increases in compensation of employees (labour
income), and gross mixed income.
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Table 3
Select Income-Side Components of GDP Growth, 2013 and 2012
Northwest Territories
Millions of current dollars
________________________________________________________________________________________________________________________________
2013
2012
Percent
Change
(%)
___________________________________________________________________________________________________________________________________________________________
Gross domestic product (GDP)
4,412
4,484
-1.6
Compensation of employees (labour income)
2,225
2,173
2.4
Gross operating surplus
Net operating surplus: corporations
Consumption of fixed capital: corporations
Consumption of fixed capital: governments & non-profit
1,628
229
1,179
220
1,780
383
1,182
215
-8.5
-40.2
-0.3
2.3
338
277
61
331
273
58
2.1
1.5
5.2
Gross mixed income
Net mixed income
Consumption of fixed capital: unincorporated businesses
___________________________________________________________________________________________________________________________________________________________
The expenditure side components of GDP show the final uses of goods and services. These
include the consumption of goods and services by either households, non-profit or government.
Gross fixed capital formation measures the investment made (construction) by corporations,
governments and non-profit organizations. Net exports (exports less imports) are also included on
the expenditure side.
Table 4
Select Expenditure-Side Components of GDP Growth, 2013 and 2012
Northwest Territories
Millions of chained (2007) dollars
________________________________________________________________________________________________________________________________
2013
2012
Percent
Change
(%)
___________________________________________________________________________________________________________________________________________________________
Gross domestic product (GDP)
3,632
3,508
3.5
Final domestic demand
4,496
4,278
5.1
Final consumption expenditure
Household expenditure
Non-profit institutions serving households exp.
Governments expenditure
3,141
1,363
49
1,728
3,120
1,340
50
1,729
0.7
1
-2.0
-0.1
20
118
-83.1
Gross fixed capital formation
Government gross fixed capital formation
Business gross fixed capital formation
Residential structures
Non-residential structures
Machinery and equipment
Intellectual property products
Non-profit gross fixed capital formation
1,362
265
1,079
76
593
247
154
19
1,161
207
939
69
369
285
222
16
17.3
28.0
14.9
10.1
60.7
-13.3
-30.6
18.8
Exports of goods and services
Less: imports of goods and services
2,509
3,404
2,406
3,297
4.3
3.2
Investment in inventories
___________________________________________________________________________________________________________________________________________________________
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Table 4 shows select expenditure-side components of chained (2007) dollar GDP for the Northwest
Territories. The 3.5% rise in chained dollar GDP was mostly a result of an increase of business
gross fixed capital formation. Gross fixed capital formation of non-residential structures, which
includes construction activity at the producing mines and construction of non-residential buildings,
increased by 60.7%. Intellectual property, which includes exploration for minerals, oil and gas,
decreased by 30.6% in 2013.
Government gross fixed capital formation also increased in 2013, as did exports of goods and
services. Carat production from the diamond mines, which constitutes a significant portion of
exports, was higher in 2013 than the previous year.
Table 5 shows GDP by industry for the Northwest Territories. Resource based industries such as
diamond mining and oil and gas extraction showed mixed results. Increased carat production in
2013 caused diamond mining to increase by 8.0%, while oil and gas extraction decreased by
12.7%.
The construction industry experienced an overall increase of 43.3% stemming from an increase in
the construction of non-residential buildings and engineering construction. Service industries such
as retail trade, and finance and insurance, and real estate and rental and leasing also experienced
increases. While overall GDP growth in public administration was relatively flat, federal public
administration decreased, while territorial public administration increased.
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Table 5
Gross Domestic Product at Basic Prices by Selected Industry, 2013 and 2012
Northwest Territories
Millions of chained (2007) dollars
________________________________________________________________________________________________________________________________
2013
2012
Percent
Change
(%)
___________________________________________________________________________________________________________________________________________________________
All industries
3,587.0
3,453.4
3.9
Agriculture, forestry, fishing and hunting
Mining, and oil and gas extraction
Oil and gas extraction
Diamond mining
29.2
978.1
335.6
562.7
28.1
969.5
384.6
521.0
3.9
0.9
-12.7
8.0
Utilities
Construction
Residential building construction
Non-residential building construction
Engineering construction
Repair construction
Other activities of the construction industry
66.7
275.9
19.9
44.5
153.7
26.3
41.5
66.3
192.6
14.9
19.1
107.0
26.6
26.6
0.6
43.3
33.6
133.0
43.6
-1.1
56.0
Manufacturing
Wholesale trade
Retail trade
Transportation and warehousing
Information and cultural industries
18.8
125.2
184.0
241.1
90.3
16.9
125.4
181.1
240.1
90.4
11.2
-0.2
1.6
0.4
-0.1
Finance and insurance
Real estate and rental and leasing
Professional, scientific and technical services
Management of companies and enterprises
Administrative and support, waste management, etc.
110.5
308.9
91.4
27.9
72.1
106.5
304.6
92.7
30.1
70.6
3.8
1.4
-1.4
-7.3
2.1
Educational services
Health care and social assistance
Arts, entertainment and recreation
Accommodation and food services
Other services (except public administration)
176.2
237.9
7.6
65.9
41.1
174.3
236.6
7.2
65.3
41.0
1.1
0.5
5.6
0.9
0.2
Public administration
Federal government public administration
Provincial and territorial public administration
Local, municipal and regional public administration
Aboriginal public administration
542.3
138.8
289.5
60.7
53.3
541.3
147.3
280.1
61.7
52.2
0.2
-5.8
3.4
-1.6
2.1
________________________________________________________________________________________________________________________________
The next release of provincial/territorial economic accounts information will include preliminary
2014 estimates by industry and is scheduled to be available in April 2015.
More detailed information is available on T-Stat, the territorial government's on-line statistical retrieval system,
at www.statsnwt.ca.
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