Secondary income balance (credit less debit), Net (credits less) in Canada
Canada: Secondary income balance (credit less debit), Net (credits less) was -2.93 billion in 2024. ▼ Falling
Secondary income balance (credit less debit), Net (credits less) in Canada, 2005–2024
Source: International Monetary Fund.
Analysis
Canada recorded -2.93 billion for secondary income balance (credit less debit), net (credits less) in 2024.
That represents a change of up 50.0% on the previous year and up 6.1% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Canada peaked at -1.44 billion in 2005 and was at its lowest, -5.87 billion, in 2023.
Canada ranks 172nd of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.44 billion | — |
| 2006 | -1.66 billion | +15.0% |
| 2007 | -2.13 billion | +28.6% |
| 2008 | -1.59 billion | -25.2% |
| 2009 | -3.03 billion | +90.3% |
| 2010 | -3.84 billion | +26.6% |
| 2011 | -3.68 billion | -4.0% |
| 2012 | -4.19 billion | +13.8% |
| 2013 | -3.96 billion | -5.6% |
| 2014 | -3.12 billion | -21.2% |
| 2015 | -3.30 billion | +5.7% |
| 2016 | -1.52 billion | -53.9% |
| 2017 | -3.36 billion | +120.6% |
| 2018 | -2.56 billion | -23.6% |
| 2019 | -2.24 billion | -12.5% |
| 2020 | -4.78 billion | +113.0% |
| 2021 | -4.06 billion | -15.1% |
| 2022 | -3.40 billion | -16.2% |
| 2023 | -5.87 billion | +72.4% |
| 2024 | -2.93 billion | -50.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.97 billion | -3.03 billion | -1.44 billion | 5 |
| 2010s | -3.18 billion | -4.19 billion | -1.52 billion | 10 |
| 2020s | -4.21 billion | -5.87 billion | -2.93 billion | 5 |
Countries ranked near Canada
More financial sector data for Canada
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.1235 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,202 SDR per person (2025)
- 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)
Frequently asked questions
- What is secondary income balance (credit less debit), net (credits less) in Canada?
- Secondary income balance (credit less debit), net (credits less) in Canada was -2.93 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Canada?
- The highest recorded value was -1.44 billion in 2005.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Canada?
- The lowest recorded value was -5.87 billion in 2023.
- How does Canada rank for secondary income balance (credit less debit), net (credits less)?
- Canada ranks 172nd out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Canada?
- Over the last ten years it is up 6.1%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Secondary income 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.