Current account balance as a proportion of gdp in Canada
Canada: Current account balance as a proportion of gdp was -0.73 in 2023. ◆ Volatile
Current account balance as a proportion of gdp in Canada, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for current account balance as a proportion of gdp in Canada is -0.73, measured in 2023.
Compared with earlier readings it is down 108.6% on the previous year and up 76.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Canada peaked at 2.48 in 2000 and was at its lowest, -3.6, in 2010.
Canada ranks 95th of 191 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 | 2.48 | — |
| 2001 | 2.13 | -14.1% |
| 2002 | 1.65 | -22.5% |
| 2003 | 1.16 | -29.7% |
| 2004 | 2.26 | +94.8% |
| 2005 | 1.87 | -17.3% |
| 2006 | 1.36 | -27.3% |
| 2007 | 0.75 | -44.9% |
| 2008 | 0.2 | -73.3% |
| 2009 | -2.97 | -1585.0% |
| 2010 | -3.6 | +21.2% |
| 2011 | -2.77 | -23.1% |
| 2012 | -3.53 | +27.4% |
| 2013 | -3.15 | -10.8% |
| 2014 | -2.32 | -26.3% |
| 2015 | -3.51 | +51.3% |
| 2016 | -3.09 | -12.0% |
| 2017 | -2.8 | -9.4% |
| 2018 | -2.39 | -14.6% |
| 2019 | -1.95 | -18.4% |
| 2020 | -2.01 | +3.1% |
| 2021 | 0.01 | -100.5% |
| 2022 | -0.35 | -3600.0% |
| 2023 | -0.73 | +108.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.09 | -2.97 | 2.48 | 10 |
| 2010s | -2.91 | -3.6 | -1.95 | 10 |
| 2020s | -0.77 | -2.01 | 0.01 | 4 |
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)
- GDP (constant 2015 US$), annual growth rate 1.74 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8154 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 45,418 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.74 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.12 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 62,597 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -0.7097 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2231 current US$ per US$ of GDP (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 -0.73 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Canada?
- The highest recorded value was 2.48 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 95th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Canada?
- Over the last ten years it is up 76.8%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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