World Economic Outlook Database, October 2012

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5. Report for Selected Countries and Subjects

You will find notes on the data and options to download the table below your results.
       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes2014
CanadaGross domestic product, constant pricesNational currencyBillionsSource: National Statistical Office
Latest actual data: 2011
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2002
Chain-weighted: Yes, from 1980
Primary domestic currency: Canadian dollars
Data last updated: 09/20121,443.722
CanadaGross domestic product, current pricesNational currencyBillionsSource: National Statistical Office
Latest actual data: 2011
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2002
Chain-weighted: Yes, from 1980
Primary domestic currency: Canadian dollars
Data last updated: 09/20121,932.265
CanadaGeneral government total expenditureNational currencyBillionsSource: Haver Analytics. The source for gross and net debt is OECD.
Latest actual data: 2011
Notes: Fiscal data are on a calendar year basis.
Fiscal assumptions: Projections use the baseline forecasts in the Economic Action Plan 2012, Jobs, Growth, and Long-Term Prosperity, March 29, 2012 (the fiscal year 2012/13 budget). The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Statistics Canada’s Canadian System of National Economic Accounts, including federal, provincial, and territorial budgetary outturns through the end of the second quarter of 2012.
Start/end months of reporting year: January/December
GFS Manual used: 2001. Comment: Preliminary data: based on quarterly data.
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: Canadian dollars
Data last updated: 09/2012797.454
CanadaGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).41.270
United StatesGross domestic product, constant pricesNational currencyBillionsSource: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/201214,282.756
United StatesGross domestic product, current pricesNational currencyBillionsSource: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/201216,912.540
United StatesGeneral government total expenditureNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/20126,723.464
United StatesGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).39.754
Notes
  Country/Series-specific Notes  
  Canada: Gross domestic product, constant prices (National currency)
Source: National Statistical Office
Latest actual data: 2011
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2002
Chain-weighted: Yes, from 1980
Primary domestic currency: Canadian dollars
Data last updated: 09/2012


Canada: Gross domestic product, current prices (National currency)
Source: National Statistical Office
Latest actual data: 2011
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2002
Chain-weighted: Yes, from 1980
Primary domestic currency: Canadian dollars
Data last updated: 09/2012


Canada: General government total expenditure (National currency)
Source: Haver Analytics. The source for gross and net debt is OECD.
Latest actual data: 2011
Notes: Fiscal data are on a calendar year basis.
Fiscal assumptions: Projections use the baseline forecasts in the Economic Action Plan 2012, Jobs, Growth, and Long-Term Prosperity, March 29, 2012 (the fiscal year 2012/13 budget). The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Statistics Canada’s Canadian System of National Economic Accounts, including federal, provincial, and territorial budgetary outturns through the end of the second quarter of 2012.
Start/end months of reporting year: January/December
GFS Manual used: 2001. Comment: Preliminary data: based on quarterly data.
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: Canadian dollars
Data last updated: 09/2012


Canada: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


United States: Gross domestic product, constant prices (National currency)
Source: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Gross domestic product, current prices (National currency)
Source: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: General government total expenditure (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


 
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