Current account balance (BoP, current US$) in Canada
Canada: Current account balance (BoP, current US$) was -22.29 billion BoP, current US$ in 2025. ◆ Volatile
Current account balance in Canada, 1960–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, current account balance in Canada stood at -22.29 billion BoP, current US$.
Compared with earlier readings it is down 101.3% on the previous year and up 59.2% over ten years.
Over the whole period, current account balance in Canada peaked at 23.24 billion BoP, current US$ in 2004 and was at its lowest, -64.58 billion BoP, current US$, in 2012.
That places Canada 191st out of 200 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$) in Canada, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1960 | -1.19 billion BoP, current US$ | — |
| 1961 | -1.11 billion BoP, current US$ | -6.8% |
| 1962 | -1.08 billion BoP, current US$ | -2.3% |
| 1963 | -841.51 million BoP, current US$ | -22.1% |
| 1964 | -453.74 million BoP, current US$ | -46.1% |
| 1965 | -1.66 billion BoP, current US$ | +265.4% |
| 1966 | -1.58 billion BoP, current US$ | -4.8% |
| 1967 | -1.28 billion BoP, current US$ | -19.0% |
| 1968 | -980.74 million BoP, current US$ | -23.3% |
| 1969 | -1.95 billion BoP, current US$ | +98.4% |
| 1970 | 493.73 million BoP, current US$ | -125.4% |
| 1971 | -1.04 billion BoP, current US$ | -310.4% |
| 1972 | -2.40 billion BoP, current US$ | +131.5% |
| 1973 | -2.06 billion BoP, current US$ | -14.5% |
| 1974 | -4.57 billion BoP, current US$ | +122.3% |
| 1975 | -8.20 billion BoP, current US$ | +79.3% |
| 1976 | -7.64 billion BoP, current US$ | -6.8% |
| 1977 | -7.00 billion BoP, current US$ | -8.3% |
| 1978 | -8.19 billion BoP, current US$ | +16.9% |
| 1979 | -8.38 billion BoP, current US$ | +2.4% |
| 1980 | -6.09 billion BoP, current US$ | -27.4% |
| 1981 | -12.53 billion BoP, current US$ | +105.9% |
| 1982 | 1.80 billion BoP, current US$ | -114.3% |
| 1983 | -2.52 billion BoP, current US$ | -240.4% |
| 1984 | -1.37 billion BoP, current US$ | -45.5% |
| 1985 | -5.84 billion BoP, current US$ | +325.1% |
| 1986 | -11.35 billion BoP, current US$ | +94.4% |
| 1987 | -13.71 billion BoP, current US$ | +20.8% |
| 1988 | -15.29 billion BoP, current US$ | +11.5% |
| 1989 | -22.22 billion BoP, current US$ | +45.3% |
| 1990 | -20.26 billion BoP, current US$ | -8.8% |
| 1991 | -22.87 billion BoP, current US$ | +12.9% |
| 1992 | -21.72 billion BoP, current US$ | -5.1% |
| 1993 | -22.35 billion BoP, current US$ | +2.9% |
| 1994 | -13.91 billion BoP, current US$ | -37.8% |
| 1995 | -5.06 billion BoP, current US$ | -63.6% |
| 1996 | 2.43 billion BoP, current US$ | -148.0% |
| 1997 | -8.99 billion BoP, current US$ | -470.1% |
| 1998 | -9.00 billion BoP, current US$ | +0.2% |
| 1999 | 845.35 million BoP, current US$ | -109.4% |
| 2000 | 18.49 billion BoP, current US$ | +2087.8% |
| 2001 | 15.76 billion BoP, current US$ | -14.8% |
| 2002 | 12.51 billion BoP, current US$ | -20.6% |
| 2003 | 10.43 billion BoP, current US$ | -16.6% |
| 2004 | 23.24 billion BoP, current US$ | +122.7% |
| 2005 | 21.93 billion BoP, current US$ | -5.6% |
| 2006 | 17.99 billion BoP, current US$ | -18.0% |
| 2007 | 11.05 billion BoP, current US$ | -38.6% |
| 2008 | 3.18 billion BoP, current US$ | -71.2% |
| 2009 | -40.78 billion BoP, current US$ | -1383.1% |
| 2010 | -58.16 billion BoP, current US$ | +42.6% |
| 2011 | -49.75 billion BoP, current US$ | -14.5% |
| 2012 | -64.58 billion BoP, current US$ | +29.8% |
| 2013 | -58.11 billion BoP, current US$ | -10.0% |
| 2014 | -41.87 billion BoP, current US$ | -27.9% |
| 2015 | -54.70 billion BoP, current US$ | +30.6% |
| 2016 | -47.26 billion BoP, current US$ | -13.6% |
| 2017 | -46.24 billion BoP, current US$ | -2.2% |
| 2018 | -41.15 billion BoP, current US$ | -11.0% |
| 2019 | -34.03 billion BoP, current US$ | -17.3% |
| 2020 | -33.29 billion BoP, current US$ | -2.2% |
| 2021 | -444.18 million BoP, current US$ | -98.7% |
| 2022 | -9.73 billion BoP, current US$ | +2090.5% |
| 2023 | -15.24 billion BoP, current US$ | +56.6% |
| 2024 | -11.07 billion BoP, current US$ | -27.3% |
| 2025 | -22.29 billion BoP, current US$ | +101.3% |
Canada compared with similar countries
- Canada's -22.29 billion BoP, current US$ is below the median for high income countries, which is 194.40 million BoP, current US$. (72 countries reporting)
Biggest year-on-year movements
Years where Current account balance (BoP, current US$) 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 |
|---|---|---|---|
| 2022 | -2090.5% | -444.18 million BoP, current US$ | -9.73 billion BoP, current US$ |
| 2000 | +2087.8% | 845.35 million BoP, current US$ | 18.49 billion BoP, current US$ |
| 2009 | -1383.1% | 3.18 billion BoP, current US$ | -40.78 billion BoP, current US$ |
| 1997 | -470.1% | 2.43 billion BoP, current US$ | -8.99 billion BoP, current US$ |
| 1985 | -325.1% | -1.37 billion BoP, current US$ | -5.84 billion BoP, current US$ |
| 1971 | -310.4% | 493.73 million BoP, current US$ | -1.04 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.21 billion BoP, current US$ | -1.95 billion BoP, current US$ | -453.74 million BoP, current US$ | 10 |
| 1970s | -4.90 billion BoP, current US$ | -8.38 billion BoP, current US$ | 493.73 million BoP, current US$ | 10 |
| 1980s | -8.91 billion BoP, current US$ | -22.22 billion BoP, current US$ | 1.80 billion BoP, current US$ | 10 |
| 1990s | -12.09 billion BoP, current US$ | -22.87 billion BoP, current US$ | 2.43 billion BoP, current US$ | 10 |
| 2000s | 9.38 billion BoP, current US$ | -40.78 billion BoP, current US$ | 23.24 billion BoP, current US$ | 10 |
| 2010s | -49.59 billion BoP, current US$ | -64.58 billion BoP, current US$ | -34.03 billion BoP, current US$ | 10 |
| 2020s | -15.34 billion BoP, current US$ | -33.29 billion BoP, current US$ | -444.18 million BoP, current US$ | 6 |
Countries ranked near Canada
- 188 Greece -15.73 billion BoP, current US$ compare
- 189 Philippines -16.85 billion BoP, current US$ compare
- 190 India -20.23 billion BoP, current US$ compare
- 192 Algeria -25.30 billion BoP, current US$ compare
- 193 Ukraine -28.83 billion BoP, current US$ compare
- 194 Turkey -30.34 billion BoP, current US$ compare
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 in Canada?
- Current account balance in Canada was -22.29 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Canada?
- The highest recorded value was 23.24 billion BoP, current US$ in 2004.
- What is the lowest current account balance recorded in Canada?
- The lowest recorded value was -64.58 billion BoP, current US$ in 2012.
- How does Canada rank for current account balance?
- Canada ranks 191st out of 200 countries with data for 2025.
- Is current account balance rising or falling in Canada?
- Over the last ten years it is up 59.2%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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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.