Canada Current Account Balance: % of GDP

Key information about Canada Current Account Balance: % of GDP

• Canada Current Account deficit accounted for 0.6 % of the country's Nominal GDP in Dec 2024, compared with a 0.5 % deficit in the previous quarter.
• Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Dec 2024, with an average value of -2.3 %.
• 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 20.0 USD bn in Dec 2024.
• Canada Direct Investment Abroad expanded by 28.5 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 35.6 USD bn in Dec 2024.
• 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 2024 in the chart:

What was Canada's Current Account Balance: % of GDP in Dec 2024?

Canada Current Account deficit accounted for 0.6 % of the country's Nominal GDP in Dec 2024, compared with a 0.5 % deficit in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
-0.6 Dec 2024	-0.5 Sep 2024	-5.1 Mar 1975	3.7 Mar 2001	%	quarterly	Mar 1957 - Dec 2024

Current Account Balance: % of GDP by Country Comparison

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