Economic Outlook 119 — Current account balance in USD in Canada
Canada: Economic Outlook 119 — Current account balance in USD was -19.16 billion in 2027. ◆ Volatile
Economic Outlook 119 — Current account balance in USD in Canada, 1961–2027
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook 119 — current account balance in usd in Canada is -19.16 billion, measured in 2027.
Compared with earlier readings it is up 58.7% over ten years.
Over the whole period, economic outlook 119 — current account balance in usd in Canada peaked at 24.07 billion in 2004 and was at its lowest, -64.63 billion, in 2012.
That places Canada 31st out of 41 countries with data for 2027, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook 119 — Current account balance in USD in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | -1.26 billion | — |
| 1962 | -1.22 billion | -3.1% |
| 1963 | -980.24 million | -19.8% |
| 1964 | -577.65 million | -41.1% |
| 1965 | -1.79 billion | +210.4% |
| 1966 | -1.69 billion | -5.6% |
| 1967 | -1.35 billion | -20.2% |
| 1968 | -1.01 billion | -25.0% |
| 1969 | -1.94 billion | +91.8% |
| 1970 | 526.30 million | -127.1% |
| 1971 | -1.04 billion | -296.7% |
| 1972 | -2.44 billion | +136.1% |
| 1973 | -2.09 billion | -14.5% |
| 1974 | -4.61 billion | +120.6% |
| 1975 | -8.25 billion | +79.0% |
| 1976 | -7.75 billion | -6.1% |
| 1977 | -7.10 billion | -8.4% |
| 1978 | -8.36 billion | +17.8% |
| 1979 | -8.54 billion | +2.2% |
| 1980 | -6.26 billion | -26.8% |
| 1981 | -12.84 billion | +105.2% |
| 1982 | 1.50 billion | -111.7% |
| 1983 | -2.86 billion | -290.4% |
| 1984 | -1.67 billion | -41.6% |
| 1985 | -6.06 billion | +263.4% |
| 1986 | -11.60 billion | +91.4% |
| 1987 | -13.98 billion | +20.5% |
| 1988 | -15.59 billion | +11.5% |
| 1989 | -22.45 billion | +44.0% |
| 1990 | -20.43 billion | -9.0% |
| 1991 | -22.84 billion | +11.8% |
| 1992 | -21.52 billion | -5.8% |
| 1993 | -22.18 billion | +3.1% |
| 1994 | -13.78 billion | -37.9% |
| 1995 | -4.97 billion | -64.0% |
| 1996 | 2.61 billion | -152.6% |
| 1997 | -8.72 billion | -433.9% |
| 1998 | -8.55 billion | -2.0% |
| 1999 | 1.22 billion | -114.3% |
| 2000 | 18.95 billion | +1454.9% |
| 2001 | 16.44 billion | -13.2% |
| 2002 | 13.18 billion | -19.8% |
| 2003 | 11.16 billion | -15.3% |
| 2004 | 24.07 billion | +115.7% |
| 2005 | 22.88 billion | -4.9% |
| 2006 | 19.03 billion | -16.8% |
| 2007 | 11.86 billion | -37.7% |
| 2008 | 4.10 billion | -65.4% |
| 2009 | -40.31 billion | -1082.3% |
| 2010 | -57.53 billion | +42.7% |
| 2011 | -48.71 billion | -15.3% |
| 2012 | -64.63 billion | +32.7% |
| 2013 | -58.04 billion | -10.2% |
| 2014 | -41.78 billion | -28.0% |
| 2015 | -54.53 billion | +30.5% |
| 2016 | -47.23 billion | -13.4% |
| 2017 | -46.36 billion | -1.9% |
| 2018 | -41.02 billion | -11.5% |
| 2019 | -34.06 billion | -17.0% |
| 2020 | -33.42 billion | -1.9% |
| 2021 | -392.45 million | -98.8% |
| 2022 | -9.62 billion | +2351.3% |
| 2023 | -15.16 billion | +57.6% |
| 2024 | -11.00 billion | -27.5% |
| 2025 | -21.90 billion | +99.0% |
| 2026 | -19.15 billion | -12.5% |
| 2027 | -19.16 billion | +0.0% |
Canada compared with similar countries
- Canada's -19.16 billion is below the median for high income countries, which is 1.48 billion. (30 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook 119 — Current account balance in USD 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 | -2351.3% | -392.45 million | -9.62 billion |
| 2000 | +1454.9% | 1.22 billion | 18.95 billion |
| 2009 | -1082.3% | 4.10 billion | -40.31 billion |
| 1997 | -433.9% | 2.61 billion | -8.72 billion |
| 1971 | -296.7% | 526.30 million | -1.04 billion |
| 1983 | -290.4% | 1.50 billion | -2.86 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.32 billion | -1.94 billion | -577.65 million | 9 |
| 1970s | -4.97 billion | -8.54 billion | 526.30 million | 10 |
| 1980s | -9.18 billion | -22.45 billion | 1.50 billion | 10 |
| 1990s | -11.92 billion | -22.84 billion | 2.61 billion | 10 |
| 2000s | 10.14 billion | -40.31 billion | 24.07 billion | 10 |
| 2010s | -49.39 billion | -64.63 billion | -34.06 billion | 10 |
| 2020s | -16.23 billion | -33.42 billion | -392.45 million | 8 |
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 economic outlook 119 — current account balance in usd in Canada?
- Economic outlook 119 — current account balance in usd in Canada was -19.16 billion in 2027, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook 119 — current account balance in usd recorded in Canada?
- The highest recorded value was 24.07 billion in 2004.
- What is the lowest economic outlook 119 — current account balance in usd recorded in Canada?
- The lowest recorded value was -64.63 billion in 2012.
- How does Canada rank for economic outlook 119 — current account balance in usd?
- Canada ranks 31st out of 41 countries with data for 2027.
- Is economic outlook 119 — current account balance in usd rising or falling in Canada?
- Over the last ten years it is up 58.7%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook 119 — Current account balance in USD. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2026), OECD Economic Outlook No 119 (Edition 2026/1) EO119 Database documentation EO119 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP