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

Household disposable income of economy, value

Household disposable income refers to the total disposable income of the institutional units in the household sector in a given period of time. Disposable income is the balancing item in the secondary distribution of income account. It is derived from the balance of primary incomes of an institutional unit or sector by: a) adding all current transfers, except social transfers in kind, receivable by that unit or sector; and b) subtracting all current transfers, except social transfers in kind, payable by that unit or sector. For households, this is the income that can be used for final consumption expenditure and saving. Disposable income is an important balancing item in the accounts since it shows how much can be consumed without the need to run down assets or incur liabilities. It thus corresponds to the economic theoretical concept of income.

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
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