Services, Credit/Revenue in Canada
Canada: Services, Credit/Revenue was 159.07 billion in 2024. ▲ Rising
Services, Credit/Revenue in Canada, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, credit/revenue in Canada is 159.07 billion, measured in 2024. That is the highest value across all 20 years on record.
The figure is up 3.0% on the previous year and up 71.4% over ten years.
Over the whole period, services, credit/revenue in Canada peaked at 159.07 billion in 2024 and was at its lowest, 60.29 billion, in 2005.
That places Canada 13th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 60.29 billion | — |
| 2006 | 66.37 billion | +10.1% |
| 2007 | 71.14 billion | +7.2% |
| 2008 | 75.49 billion | +6.1% |
| 2009 | 69.11 billion | -8.5% |
| 2010 | 76.93 billion | +11.3% |
| 2011 | 85.33 billion | +10.9% |
| 2012 | 92.04 billion | +7.9% |
| 2013 | 93.63 billion | +1.7% |
| 2014 | 92.84 billion | -0.8% |
| 2015 | 85.01 billion | -8.4% |
| 2016 | 87.48 billion | +2.9% |
| 2017 | 94.75 billion | +8.3% |
| 2018 | 105.33 billion | +11.2% |
| 2019 | 115.26 billion | +9.4% |
| 2020 | 98.53 billion | -14.5% |
| 2021 | 121.16 billion | +23.0% |
| 2022 | 141.24 billion | +16.6% |
| 2023 | 154.41 billion | +9.3% |
| 2024 | 159.07 billion | +3.0% |
Canada compared with similar countries
- Canada's 159.07 billion is above the median for high income countries, which is 24.52 billion, 6.5× the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 68.48 billion | 60.29 billion | 75.49 billion | 5 |
| 2010s | 92.86 billion | 76.93 billion | 115.26 billion | 10 |
| 2020s | 134.88 billion | 98.53 billion | 159.07 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 services, credit/revenue in Canada?
- Services, credit/revenue in Canada was 159.07 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Canada?
- The highest recorded value was 159.07 billion in 2024.
- What is the lowest services, credit/revenue recorded in Canada?
- The lowest recorded value was 60.29 billion in 2005.
- How does Canada rank for services, credit/revenue?
- Canada ranks 13th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Canada?
- Over the last ten years it is up 71.4%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (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.