Australia vs Canada: Current account balance
Current account balance over time
- Australia
- Canada
How they compare
Canada currently reports -22.01 billion BoP, current US$ against -48.22 billion BoP, current US$ in Australia, a difference of 26.21 billion BoP, current US$.
The two have swapped places 7 times across 37 shared years of data; in 1989 it was Australia ahead.
Australia ranks 195th and Canada ranks 192nd of 198 countries.
Across the 5 decades both report, Australia averaged higher in 3 and Canada in 2.
Head to head by decade
| Decade | Australia | Canada | Difference | Ahead |
|---|---|---|---|---|
| 1980s | -18.34 billion BoP, current US$ | -22.22 billion BoP, current US$ | 3.88 billion BoP, current US$ | Australia |
| 1990s | -14.61 billion BoP, current US$ | -12.09 billion BoP, current US$ | 2.53 billion BoP, current US$ | Canada |
| 2000s | -36.45 billion BoP, current US$ | 9.38 billion BoP, current US$ | 45.83 billion BoP, current US$ | Canada |
| 2010s | -43.73 billion BoP, current US$ | -49.59 billion BoP, current US$ | 5.85 billion BoP, current US$ | Australia |
| 2020s | -5.31 billion BoP, current US$ | -15.30 billion BoP, current US$ | 9.99 billion BoP, current US$ | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Australia or Canada?
- Canada, at -22.01 billion BoP, current US$ against -48.22 billion BoP, current US$ in Australia as of 2025.
- What is the difference in current account balance between Australia and Canada?
- 26.21 billion BoP, current US$, with Canada ahead.
- How many years of comparable data are there for Australia and Canada?
- 37 years are reported by both, from 1989 to 2025.
- How do Australia and Canada rank globally for current account balance?
- Australia ranks 195th and Canada ranks 192nd of 198 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.