Current account balance (credit less debit), Net (credits less) in Canada
Canada: Current account balance (credit less debit), Net (credits less) 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) 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% |
Canada compared with similar countries
- Canada's -10.35 billion is below the median for high income countries, which is 547.38 million. (72 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1383.1% | 3.18 billion | -40.78 billion |
| 2022 | -1322.3% | -444.18 million | -6.32 billion |
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
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (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.