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How tariffs are conceptually reflected in key economic statistics

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  • Statistics Canada

Abstract

The effects of tariffs on Canadian exports or on imports into Canada will, over time (as they affect economic activities), be reflected in various statistical estimates published by Statistic Canada. While some programs measure tariffs directly, others do not because of their underlying concepts. However, the impact of tariffs is embedded in data collected across multiple statistical programs that are used to calculate estimates such as the Consumer Price Index (CPI); various producer price indexes (PPIs); retail and manufacturing sales; and key macroeconomic indicators, including the balance of payments, gross domestic product (GDP), supply and use tables (SUTs), and government finances. This note outlines how these effects are captured across various statistical programs.

Suggested Citation

  • Statistics Canada, 2025. "How tariffs are conceptually reflected in key economic statistics," Economic and Social Reports 202500400001e, Statistics Canada, Analytical Studies and Modelling Branch.
    • Handle: RePEc:stc:stcp8e:202500400001e
    DOI: https://doi.org/10.25318/36280001202500400001-eng
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    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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