Canada Current Account Balance: % of GDP
Key information about Canada Current Account Balance: % of GDP
- Canada Current Account deficit accounted for 0.2 % of the country's Nominal GDP in Dec 2023, compared with a 0.7 % deficit in the previous quarter.
- Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Dec 2023, with an average value of -2.4 %.
- The data reached an all-time high of 3.7 % in Mar 2001 and a record low of -5.1 % in Mar 1975.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly de-annualised Nominal GDP. Statistics Canada provides Current Account Balance in local currency based on BPM6 and annualised Nominal GDP in local currency. Current Account Balance as % of Nominal GDP prior to Q1 1981 is calculated from Current Account Balance based on BPM5. Nominal GDP prior to Q1 1961 is sourced from the International Monetary Fund.
Key information about Canada Current Account Balance: % of GDP
- In the latest reports of Canada, Current Account recorded a deficit of 4.6 USD bn in Mar 2023.
- Foreign Direct Investment (FDI) increased by 8.3 USD bn in Dec 2023.
- Canada Direct Investment Abroad expanded by 11.9 USD bn in Dec 2023.
- Its Foreign Portfolio Investment increased by 8.8 USD bn in Dec 2023.
- The country's Nominal GDP was reported at 520.3 USD bn in Mar 2023.
View Canada's Current Account Balance: % of GDP from Mar 1957 to Dec 2023 in the chart:
What was Canada's Current Account Balance: % of GDP in Dec 2023?
Canada Current Account deficit accounted for 0.2 % of the country's Nominal GDP in Dec 2023, compared with a 0.7 % deficit in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-0.2 Dec 2023 | -0.7 Sep 2023 | -5.1 Mar 1975 | 3.7 Mar 2001 | % | quarterly | Mar 1957 - Dec 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 1.6 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -6.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | -16.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Brazil (%) | -2.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | -0.9 Mar 2024 | quarterly | Mar 1997 - Mar 2024 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 7.1 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
Ghana (%) | 0.2 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 1.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.6 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -3.0 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -4.7 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Norway (%) | 17.2 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -1.0 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -2.1 Dec 2023 | quarterly | Jun 1993 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | 6,177.037 Feb 2024 | monthly | May 1992 - Feb 2024 |
Tax Revenue (USD mn) | 29,059.259 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
Tax Revenue: % of GDP (%) | 12.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
National Government Debt (USD mn) | 1,423,314.6 2023 | yearly | 1962 - 2023 |
Government Debt: % of GDP (%) | 67.8 2023 | yearly | 1962 - 2023 |
Forecast: Government Expenditure (CAD bn) | 1,516.003 2029 | yearly | 1980 - 2029 |
Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
Forecast: Government Revenue (CAD bn) | 1,500.939 2029 | yearly | 1980 - 2029 |
Budgetary Revenue (CAD mn) | 46,409.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
Budgetary Balance: Deficit or Surplus (CAD mn) | 8,339.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
Budgetary Expense (CAD mn) | -38,070.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,959.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 39,230.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
FIN Forecast: Budgetary Revenue (CAD mn) | 573,800.000 2029 | yearly | 1996 - 2029 |
FIN Forecast: Budgetary Expense (CAD mn) | 597,300.000 2029 | yearly | 1996 - 2029 |
FIN Forecast: Budgetary Balance (CAD mn) | -18,400.000 2029 | yearly | 1996 - 2029 |
FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,000.000 2029 | yearly | 2000 - 2029 |
Net Financing Activities (CAD mn) | 9,101.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
FIN Forecast: Federal Debt (CAD mn) | 1,362,200.000 2029 | yearly | 1997 - 2029 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.047 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -1,682.0 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Total Exports (USD mn) | 46,220.2 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Total Exports Growth (%) | -1.5 Mar 2024 | monthly | Jan 1989 - Mar 2024 |
Aluminum: Exports (USD th) | 11,552,234.816 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 47,902.2 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Total Imports Growth (%) | 3.0 Mar 2024 | monthly | Jan 1989 - Mar 2024 |
Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 34,880.910 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Total Imports from USA (USD mn) | 30,097.665 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
Total Exports to China (USD mn) | 1,775.118 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
Total Imports from China (USD mn) | 4,010.860 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
Coal Exports (kton) | 2,890.000 Feb 2024 | monthly | Jan 1977 - Feb 2024 |
Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 10,376.328 Mar 2024 | monthly | Jan 2022 - Mar 2024 |
Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 14,010.061 Mar 2024 | monthly | Jan 2022 - Mar 2024 |
Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 998,451.526 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 0.5 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Household Debt: % of GDP (%) | 101.2 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
Money Supply M1 (USD mn) | 1,111,578.715 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
Money Supply M2 (USD mn) | 1,846,380.454 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
M2 Growth (%) | 3.8 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
Foreign Exchange Reserves (USD mn) | 93,627.0 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
Foreign Exchange Reserves: % of GDP (%) | 4.199 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.8 Mar 2024 | monthly | Jun 1999 - Mar 2024 |
Gold Reserves (USD mn) | 0.000 Apr 2024 | monthly | Dec 1956 - Apr 2024 |
Total Deposits (USD mn) | 4,359,733.055 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
Total Deposits Growth (%) | 2.6 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
Domestic Credit (USD mn) | 4,639,365.4 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
Domestic Credit Growth (%) | 2.8 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Debt Service Ratio: Households (%) | 14.500 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 24.300 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Credit to Households (USD bn) | 2,181.612 Sep 2023 | quarterly | Mar 1969 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 4,677.640 Sep 2023 | quarterly | Mar 1954 - Sep 2023 |
Household Debt (USD mn) | 2,154,364.7 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
Total Loans (USD mn) | 3,129,297.612 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
Total Loans Growth (%) | 2.83 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 217.35 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
Money Supply: M1+: Gross: sa (CAD mn) | 1,508,190.000 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
Money Supply: M1+: Gross (CAD mn) | 1,494,072.000 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
Money Supply: M3: Gross (CAD mn) | 3,620,110.000 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Money Supply: M3: Gross: sa (CAD mn) | 3,611,688.000 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,505,169.000 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
Money Supply: M2+: M2: Gross (CAD mn) | 2,504,828.000 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
Official International Reserves (USD mn) | 121,032.000 Apr 2024 | monthly | Dec 1994 - Apr 2024 |
Official International Reserves: Gold (USD mn) | 0.000 Apr 2024 | monthly | Dec 1994 - Apr 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 12.4 Apr 2024 | monthly | Dec 2001 - Apr 2024 |
Purchasing Manager Index: Seasonally Adjusted (NA) | 63.000 Apr 2024 | monthly | Dec 2000 - Apr 2024 |
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