Provincial and Territorial Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Household sector income of economy, value

Household sector income refers to the income of all households over a specified time period. From a theoretical point of view, income is often defined as the maximum amount that a household, or other unit, can consume without reducing its real net worth.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Canadian dollar at current prices