Current account balance as a proportion of GDP (%) in Canada
Canada: Current account balance as a proportion of GDP (%) was -0.5% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Canada, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Canada stood at -0.5%.
The figure is up 27.2% on the previous year and up 80.1% over ten years.
Over the whole period, current account balance as a proportion of gdp in Canada peaked at 2.5% in 2000 and was at its lowest, -3.6%, in 2010.
Canada ranks 90th of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Canada, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.5% | — |
| 2001 | 2.1% | -14.1% |
| 2002 | 1.6% | -22.9% |
| 2003 | 1.2% | -29.2% |
| 2004 | 2.3% | +94.3% |
| 2005 | 1.9% | -17.4% |
| 2006 | 1.4% | -27.1% |
| 2007 | 0.8% | -44.8% |
| 2008 | 0.2% | -72.8% |
| 2009 | -3.0% | -1549.6% |
| 2010 | -3.6% | +21.2% |
| 2011 | -2.8% | -22.9% |
| 2012 | -3.5% | +27.3% |
| 2013 | -3.1% | -10.9% |
| 2014 | -2.3% | -26.3% |
| 2015 | -3.5% | +51.5% |
| 2016 | -3.1% | -12.0% |
| 2017 | -2.8% | -9.4% |
| 2018 | -2.4% | -14.9% |
| 2019 | -2.0% | -18.2% |
| 2020 | -2.0% | +3.0% |
| 2021 | -0.0% | -98.9% |
| 2022 | -0.3% | +1213.2% |
| 2023 | -0.6% | +119.6% |
| 2024 | -0.5% | -27.2% |
Canada compared with similar countries
- Canada's -0.5% is below the median for high income countries, which is 1.6%. (69 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1549.6% | 0.2% | -3.0% |
| 2022 | -1213.2% | -0.0% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.1% | -3.0% | 2.5% | 10 |
| 2010s | -2.9% | -3.6% | -2.0% | 10 |
| 2020s | -0.7% | -2.0% | -0.0% | 5 |
Countries ranked near Canada
More economy & growth data for Canada
- Real gdp growth, annual growth rate -14.81 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8812 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.66 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0101 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.16 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0258 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.02 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.65 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Canada?
- Current account balance as a proportion of gdp in Canada was -0.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Canada?
- The highest recorded value was 2.5% in 2000.
- What is the lowest current account balance as a proportion of gdp recorded in Canada?
- The lowest recorded value was -3.6% in 2010.
- How does Canada rank for current account balance as a proportion of gdp?
- Canada ranks 90th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Canada?
- Over the last ten years it is up 80.1%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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