Current account balance (credit less debit), Net (credits less debits) in Canada
Canada: Current account balance (credit less debit), Net (credits less debits) was -10.35 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Canada, 2005–2024
Source: International Monetary Fund.
Analysis
Canada recorded -10.35 billion for current account balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 24.8% on the previous year and up 75.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Canada peaked at 21.93 billion in 2005 and was at its lowest, -64.58 billion, in 2012.
Canada ranks 186th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 21.93 billion | — |
| 2006 | 17.99 billion | -18.0% |
| 2007 | 11.05 billion | -38.6% |
| 2008 | 3.18 billion | -71.2% |
| 2009 | -40.78 billion | -1383.1% |
| 2010 | -58.16 billion | +42.6% |
| 2011 | -49.75 billion | -14.5% |
| 2012 | -64.58 billion | +29.8% |
| 2013 | -58.11 billion | -10.0% |
| 2014 | -41.87 billion | -27.9% |
| 2015 | -54.70 billion | +30.6% |
| 2016 | -47.26 billion | -13.6% |
| 2017 | -46.24 billion | -2.2% |
| 2018 | -41.15 billion | -11.0% |
| 2019 | -34.03 billion | -17.3% |
| 2020 | -33.29 billion | -2.2% |
| 2021 | -444.18 million | -98.7% |
| 2022 | -6.32 billion | +1322.3% |
| 2023 | -13.76 billion | +117.9% |
| 2024 | -10.35 billion | -24.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.68 billion | -40.78 billion | 21.93 billion | 5 |
| 2010s | -49.59 billion | -64.58 billion | -34.03 billion | 10 |
| 2020s | -12.83 billion | -33.29 billion | -444.18 million | 5 |
Countries ranked near Canada
More financial sector data for Canada
- Total reserves in months of imports, annual growth rate 3.66 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.1913 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.031 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,725 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.1235 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,202 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.1235 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,202 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Canada?
- Current account balance (credit less debit), net (credits less debits) in Canada was -10.35 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Canada?
- The highest recorded value was 21.93 billion in 2005.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Canada?
- The lowest recorded value was -64.58 billion in 2012.
- How does Canada rank for current account balance (credit less debit), net (credits less debits)?
- Canada ranks 186th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Canada?
- Over the last ten years it is up 75.3%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.