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
Latest (2024)
-0.5%
Change on year
up 27.2%
World rank
80th
of 177 countries
All-time high
2.5%
in 2000
All-time low
-3.6%
in 2010
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Canada, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 80th of 177 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 | Value | 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% |
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
- 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0932 current US$ per US$ of GDP (2022)
- Manufacturing, value added (current US$), per capita 5,268 current US$ per person (2022)
- Manufacturing, value added (current LCU), per unit of GDP 0.1214 current LCU per US$ of GDP (2022)
- Manufacturing, value added (current LCU), per capita 6,857 current LCU per person (2022)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0682 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 3,799 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 5,089 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.22 % change on previous year (2022)
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 80th out of 177 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).