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% |
Canada compared with similar countries
- Canada's -2.93 billion is below the median for high income countries, which is -347.77 million, 8.4× the median. (72 countries reporting)
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
- 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 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.