Canada vs Latin America & Caribbean: Secondary income, other sectors, payments
Secondary income, other sectors, payments over time
- Canada
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 34.26 billion BoP, current US$ against 14.71 billion BoP, current US$ in Canada, a difference of 19.54 billion BoP, current US$.
That makes Latin America & Caribbean's figure about 2.3 times Canada's.
The two have swapped places 4 times across 27 shared years of data; in 1998 it was Latin America & Caribbean ahead.
Canada ranks 17th and Latin America & Caribbean ranks 19th of 198 countries.
Latin America & Caribbean has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Canada | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.94 billion BoP, current US$ | 1.98 billion BoP, current US$ | 42.71 million BoP, current US$ | Latin America & Caribbean |
| 2000s | 4.41 billion BoP, current US$ | 4.83 billion BoP, current US$ | 427.74 million BoP, current US$ | Latin America & Caribbean |
| 2010s | 8.29 billion BoP, current US$ | 14.99 billion BoP, current US$ | 6.70 billion BoP, current US$ | Latin America & Caribbean |
| 2020s | 11.70 billion BoP, current US$ | 27.49 billion BoP, current US$ | 15.79 billion BoP, current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher secondary income, other sectors, payments, Canada or Latin America & Caribbean?
- Latin America & Caribbean, at 34.26 billion BoP, current US$ against 14.71 billion BoP, current US$ in Canada as of 2024.
- What is the difference in secondary income, other sectors, payments between Canada and Latin America & Caribbean?
- 19.54 billion BoP, current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Canada and Latin America & Caribbean?
- 27 years are reported by both, from 1998 to 2024.
- How do Canada and Latin America & Caribbean rank globally for secondary income, other sectors, payments?
- Canada ranks 17th and Latin America & Caribbean ranks 19th of 198 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Secondary income, other sectors, payments (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.