Canada vs India: Current account balance (BoP, current US$)
Current account balance (BoP, current US$) over time
- Canada
- India
How they compare
India currently reports -20.23 billion BoP, current US$ against -22.29 billion BoP, current US$ in Canada, a difference of 2.07 billion BoP, current US$.
The two have swapped places 14 times across 51 shared years of data; in 1975 it was India ahead.
Canada ranks 191st and India ranks 190th of 200 countries.
Across the 6 decades both report, Canada averaged higher in 2 and India in 4.
Head to head by decade
| Decade | Canada | India | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -7.88 billion BoP, current US$ | 858.66 million BoP, current US$ | 8.74 billion BoP, current US$ | India |
| 1980s | -8.91 billion BoP, current US$ | -3.91 billion BoP, current US$ | 5.00 billion BoP, current US$ | India |
| 1990s | -12.09 billion BoP, current US$ | -4.40 billion BoP, current US$ | 7.69 billion BoP, current US$ | India |
| 2000s | 9.38 billion BoP, current US$ | -7.14 billion BoP, current US$ | 16.52 billion BoP, current US$ | Canada |
| 2010s | -49.59 billion BoP, current US$ | -45.30 billion BoP, current US$ | 4.28 billion BoP, current US$ | India |
| 2020s | -15.34 billion BoP, current US$ | -27.32 billion BoP, current US$ | 11.98 billion BoP, current US$ | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Canada or India?
- India, at -20.23 billion BoP, current US$ against -22.29 billion BoP, current US$ in Canada as of 2025.
- What is the difference in current account balance between Canada and India?
- 2.07 billion BoP, current US$, with India ahead.
- How many years of comparable data are there for Canada and India?
- 51 years are reported by both, from 1975 to 2025.
- How do Canada and India rank globally for current account balance?
- Canada ranks 191st and India ranks 190th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.