Current account balance (credit less debit), Percent of GDP in Canada
Canada: Current account balance (credit less debit), Percent of GDP was -0.0225 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Canada, 1980–2031
Source: International Monetary Fund.
Analysis
Canada recorded -0.0225 for current account balance (credit less debit), percent of gdp in 2031.
That represents a change of up 85.7% on the previous year and down 17.0% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Canada peaked at 2.55 in 2000 and was at its lowest, -4.18, in 1981.
That places Canada 9th out of 35 countries with data for 2031, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -2.21 | — |
| 1981 | -4.18 | +89.6% |
| 1982 | 0.4853 | -111.6% |
| 1983 | -0.8381 | -272.7% |
| 1984 | -0.4569 | -45.5% |
| 1985 | -1.66 | +263.0% |
| 1986 | -3.06 | +84.5% |
| 1987 | -3.22 | +5.3% |
| 1988 | -3.06 | -5.0% |
| 1989 | -3.96 | +29.3% |
| 1990 | -3.43 | -13.2% |
| 1991 | -3.73 | +8.7% |
| 1992 | -3.61 | -3.3% |
| 1993 | -3.84 | +6.4% |
| 1994 | -2.38 | -38.1% |
| 1995 | -0.823 | -65.4% |
| 1996 | 0.4153 | -150.5% |
| 1997 | -1.34 | -422.0% |
| 1998 | -1.34 | +0.1% |
| 1999 | 0.1787 | -113.4% |
| 2000 | 2.55 | +1327.3% |
| 2001 | 2.21 | -13.2% |
| 2002 | 1.74 | -21.6% |
| 2003 | 1.23 | -29.1% |
| 2004 | 2.35 | +90.5% |
| 2005 | 1.93 | -17.8% |
| 2006 | 1.44 | -25.0% |
| 2007 | 0.8233 | -43.0% |
| 2008 | 0.1472 | -82.1% |
| 2009 | -2.91 | -2075.8% |
| 2010 | -3.56 | +22.4% |
| 2011 | -2.71 | -23.9% |
| 2012 | -3.53 | +30.3% |
| 2013 | -3.14 | -11.1% |
| 2014 | -2.32 | -26.2% |
| 2015 | -3.5 | +50.7% |
| 2016 | -3.09 | -11.6% |
| 2017 | -2.8 | -9.2% |
| 2018 | -2.38 | -15.2% |
| 2019 | -1.95 | -17.8% |
| 2020 | -2.02 | +3.3% |
| 2021 | -0.0192 | -99.0% |
| 2022 | -0.4581 | +2285.6% |
| 2023 | -0.689 | +50.4% |
| 2024 | -0.4817 | -30.1% |
| 2025 | -0.9375 | +94.6% |
| 2026 | -0.2157 | -77.0% |
| 2027 | -0.349 | +61.8% |
| 2028 | -0.4041 | +15.8% |
| 2029 | -0.3023 | -25.2% |
| 2030 | -0.1568 | -48.1% |
| 2031 | -0.0225 | -85.7% |
Canada compared with similar countries
- Canada's -0.0225 is above the median for high income countries, which is -2.41, 1% of the median. (13 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP 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 |
|---|---|---|---|
| 2022 | -2285.6% | -0.0192 | -0.4581 |
| 2009 | -2075.8% | 0.1472 | -2.91 |
| 2000 | +1327.3% | 0.1787 | 2.55 |
| 1997 | -422.0% | 0.4153 | -1.34 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -2.22 | -4.18 | 0.4853 | 10 |
| 1990s | -1.99 | -3.84 | 0.4153 | 10 |
| 2000s | 1.15 | -2.91 | 2.55 | 10 |
| 2010s | -2.9 | -3.56 | -1.95 | 10 |
| 2020s | -0.5874 | -2.02 | -0.0192 | 10 |
| 2030s | -0.0897 | -0.1568 | -0.0225 | 2 |
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), percent of gdp in Canada?
- Current account balance (credit less debit), percent of gdp in Canada was -0.0225 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Canada?
- The highest recorded value was 2.55 in 2000.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Canada?
- The lowest recorded value was -4.18 in 1981.
- How does Canada rank for current account balance (credit less debit), percent of gdp?
- Canada ranks 9th out of 35 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Canada?
- Over the last ten years it is down 17.0%. 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), Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.