Goods balance (credit less debit), Net (credits less debits) in Canada
Canada: Goods balance (credit less debit), Net (credits less debits) 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) 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% |
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
- 146 Tajikistan -4.51 billion compare
- 147 Belarus -4.71 billion compare
- 148 Lithuania -4.93 billion compare
- 150 Tanzania, United Republic of -5.07 billion compare
- 151 Afghanistan -5.10 billion compare
- 152 Senegal -5.32 billion compare
More financial sector data for Canada
- Net domestic credit (current LCU), per capita 85,674 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 1.83 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 20.77 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 71.85 billion SDR (2025)
- Reserves excluding gold 91.73 billion SDR (2025)
- Total reserves (gold at market value) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,202 SDR per person (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.