Services balance (credit less debit), Net (credits less debits) (US) in Canada
Canada: Services balance (credit less debit), Net (credits less debits) (US) was -986.06 million in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Canada, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Canada is -986.06 million, measured in 2024.
Compared with earlier readings it is down 152.0% on the previous year and up 95.4% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Canada peaked at 1.90 billion in 2023 and was at its lowest, -22.08 billion, in 2011.
Canada ranks 137th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -4.91 billion | — |
| 2006 | -6.57 billion | +33.9% |
| 2007 | -11.44 billion | +74.2% |
| 2008 | -14.43 billion | +26.2% |
| 2009 | -14.14 billion | -2.0% |
| 2010 | -21.51 billion | +52.1% |
| 2011 | -22.08 billion | +2.7% |
| 2012 | -21.98 billion | -0.4% |
| 2013 | -22.00 billion | +0.1% |
| 2014 | -21.40 billion | -2.7% |
| 2015 | -19.97 billion | -6.7% |
| 2016 | -17.07 billion | -14.5% |
| 2017 | -17.15 billion | +0.5% |
| 2018 | -16.89 billion | -1.5% |
| 2019 | -11.37 billion | -32.7% |
| 2020 | -6.22 billion | -45.3% |
| 2021 | -926.79 million | -85.1% |
| 2022 | -3.95 billion | +326.3% |
| 2023 | 1.90 billion | -148.0% |
| 2024 | -986.06 million | -152.0% |
Canada compared with similar countries
- Canada's -986.06 million is below the median for high income countries, which is 910.63 million. (72 countries reporting)
Biggest year-on-year movements
Years where Services 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 |
|---|---|---|---|
| 2022 | -326.3% | -926.79 million | -3.95 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -10.30 billion | -14.43 billion | -4.91 billion | 5 |
| 2010s | -19.14 billion | -22.08 billion | -11.37 billion | 10 |
| 2020s | -2.04 billion | -6.22 billion | 1.90 billion | 5 |
Countries ranked near Canada
- 134 Burkina Faso -828.81 million compare
- 135 West Bank and Gaza -876.23 million compare
- 136 Mozambique -965.60 million compare
- 138 Niger -988.23 million compare
- 139 Yemen -992.20 million compare
- 140 Benin -1.08 billion compare
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 services balance (credit less debit), net (credits less debits) in Canada?
- Services balance (credit less debit), net (credits less debits) in Canada was -986.06 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Canada?
- The highest recorded value was 1.90 billion in 2023.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Canada?
- The lowest recorded value was -22.08 billion in 2011.
- How does Canada rank for services balance (credit less debit), net (credits less debits)?
- Canada ranks 137th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Canada?
- Over the last ten years it is up 95.4%. 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 Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.