Goods balance (credit less debit), Net (credits less debits) (US) in Canada
Canada: Goods balance (credit less debit), Net (credits less debits) (US) was -4.96 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Canada, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Canada is -4.96 billion, measured in 2024.
Compared with earlier readings it is down 816.3% on the previous year and down 197.6% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Canada peaked at 50.58 billion in 2005 and was at its lowest, -30.28 billion, in 2020.
Canada ranks 149th 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.
Goods balance (credit less debit), Net (credits less debits) (US) in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 50.58 billion | — |
| 2006 | 41.77 billion | -17.4% |
| 2007 | 42.05 billion | +0.7% |
| 2008 | 42.58 billion | +1.3% |
| 2009 | -6.15 billion | -114.5% |
| 2010 | -9.37 billion | +52.2% |
| 2011 | 399.53 million | -104.3% |
| 2012 | -12.53 billion | -3237.1% |
| 2013 | -6.99 billion | -44.3% |
| 2014 | 5.08 billion | -172.8% |
| 2015 | -18.62 billion | -466.2% |
| 2016 | -19.17 billion | +3.0% |
| 2017 | -19.08 billion | -0.5% |
| 2018 | -16.84 billion | -11.8% |
| 2019 | -14.17 billion | -15.9% |
| 2020 | -30.28 billion | +113.7% |
| 2021 | 2.95 billion | -109.8% |
| 2022 | 16.68 billion | +464.5% |
| 2023 | -541.42 million | -103.2% |
| 2024 | -4.96 billion | +816.3% |
Canada compared with similar countries
- Canada's -4.96 billion is below the median for high income countries, which is -810.36 million, 6.1× the median. (72 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2012 | -3237.1% | 399.53 million | -12.53 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.17 billion | -6.15 billion | 50.58 billion | 5 |
| 2010s | -11.13 billion | -19.17 billion | 5.08 billion | 10 |
| 2020s | -3.23 billion | -30.28 billion | 16.68 billion | 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 goods balance (credit less debit), net (credits less debits) in Canada?
- Goods balance (credit less debit), net (credits less debits) in Canada was -4.96 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Canada?
- The highest recorded value was 50.58 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Canada?
- The lowest recorded value was -30.28 billion in 2020.
- How does Canada rank for goods balance (credit less debit), net (credits less debits)?
- Canada ranks 149th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Canada?
- Over the last ten years it is down 197.6%. 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 Goods 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.