Current account balance in Canada
Canada: Current account balance was -22.01 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$.
Analysis
In 2025, current account balance in Canada stood at -22.01 billion BoP, current US$.
Compared with earlier readings it is down 98.7% on the previous year and up 59.8% 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$, in 2012.
That places Canada 192nd out of 198 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.21 billion BoP, current US$ | -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 | -15.30 billion BoP, current US$ | -33.29 billion BoP, current US$ | -444.18 million BoP, current US$ | 6 |
Countries ranked near Canada
- 189 Philippines -16.29 billion BoP, current US$ compare
- 190 India -16.49 billion BoP, current US$ compare
- 191 Greece -18.22 billion BoP, current US$ compare
- 193 Saudi Arabia -32.74 billion BoP, current US$ compare
- 194 Romania -33.88 billion BoP, current US$ compare
- 195 Australia -48.22 billion BoP, current US$ compare
More economy & growth data for Canada
- External balance on goods and services as a percent of GDP -0.8% (2025)
- Inflation of consumer prices 2.1% (2025)
- GDP per capita 45,418 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 9.3% (2022)
- Gross domestic product (GDP) 1.89 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 45,418 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.38 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.56 billion current US$ (2025)
- Taxes less subsidies on products 202.56 billion current LCU (2025)
Frequently asked questions
- What is current account balance in Canada?
- Current account balance in Canada was -22.01 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 192nd out of 198 countries with data for 2025.
- Is current account balance rising or falling in Canada?
- Over the last ten years it is up 59.8%. 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.