Economic Outlook No 116 — Current account balance in Canada
Canada: Economic Outlook No 116 — Current account balance was -31.16 billion in 2026. ◆ Volatile
Economic Outlook No 116 — Current account balance in Canada, 1961–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 116 — current account balance in Canada stood at -31.16 billion.
The figure is down 4.0% on the previous year and up 50.2% over ten years.
Over the whole period, economic outlook no 116 — current account balance in Canada peaked at 31.32 billion in 2004 and was at its lowest, -69.57 billion, in 2015.
Canada ranks 23rd of 36 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.
Economic Outlook No 116 — Current account balance in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | -1.28 billion | — |
| 1962 | -1.31 billion | +2.1% |
| 1963 | -1.06 billion | -19.0% |
| 1964 | -623.20 million | -41.1% |
| 1965 | -1.93 billion | +210.2% |
| 1966 | -1.82 billion | -5.6% |
| 1967 | -1.46 billion | -20.1% |
| 1968 | -1.09 billion | -25.1% |
| 1969 | -2.09 billion | +91.6% |
| 1970 | 539.11 million | -125.8% |
| 1971 | -1.04 billion | -293.5% |
| 1972 | -2.42 billion | +132.1% |
| 1973 | -2.09 billion | -13.7% |
| 1974 | -4.51 billion | +115.9% |
| 1975 | -8.39 billion | +85.9% |
| 1976 | -7.64 billion | -8.9% |
| 1977 | -7.53 billion | -1.4% |
| 1978 | -9.56 billion | +27.0% |
| 1979 | -10.00 billion | +4.6% |
| 1980 | -7.32 billion | -26.8% |
| 1981 | -15.40 billion | +110.3% |
| 1982 | 1.88 billion | -112.2% |
| 1983 | -3.53 billion | -287.5% |
| 1984 | -2.11 billion | -40.2% |
| 1985 | -8.30 billion | +293.2% |
| 1986 | -16.12 billion | +94.3% |
| 1987 | -18.51 billion | +14.8% |
| 1988 | -19.19 billion | +3.7% |
| 1989 | -26.57 billion | +38.5% |
| 1990 | -23.87 billion | -10.2% |
| 1991 | -26.18 billion | +9.7% |
| 1992 | -25.92 billion | -1.0% |
| 1993 | -28.67 billion | +10.6% |
| 1994 | -18.82 billion | -34.4% |
| 1995 | -6.84 billion | -63.6% |
| 1996 | 3.57 billion | -152.2% |
| 1997 | -12.13 billion | -439.8% |
| 1998 | -12.59 billion | +3.8% |
| 1999 | 1.80 billion | -114.3% |
| 2000 | 28.21 billion | +1466.1% |
| 2001 | 25.33 billion | -10.2% |
| 2002 | 20.71 billion | -18.2% |
| 2003 | 15.45 billion | -25.4% |
| 2004 | 31.32 billion | +102.8% |
| 2005 | 27.40 billion | -12.5% |
| 2006 | 21.62 billion | -21.1% |
| 2007 | 12.99 billion | -39.9% |
| 2008 | 2.44 billion | -81.2% |
| 2009 | -45.71 billion | -1974.3% |
| 2010 | -59.35 billion | +29.8% |
| 2011 | -48.11 billion | -18.9% |
| 2012 | -64.58 billion | +34.2% |
| 2013 | -59.76 billion | -7.5% |
| 2014 | -46.28 billion | -22.6% |
| 2015 | -69.57 billion | +50.3% |
| 2016 | -62.55 billion | -10.1% |
| 2017 | -60.00 billion | -4.1% |
| 2018 | -53.14 billion | -11.4% |
| 2019 | -45.18 billion | -15.0% |
| 2020 | -44.79 billion | -0.9% |
| 2021 | 372.00 million | -100.8% |
| 2022 | -10.31 billion | -2871.8% |
| 2023 | -20.98 billion | +103.5% |
| 2024 | -26.14 billion | +24.6% |
| 2025 | -29.96 billion | +14.6% |
| 2026 | -31.16 billion | +4.0% |
Canada compared with similar countries
- Canada's -31.16 billion is below the median for high income countries, which is 2.64 billion. (29 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook No 116 — Current account balance 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 | -2871.8% | 372.00 million | -10.31 billion |
| 2009 | -1974.3% | 2.44 billion | -45.71 billion |
| 2000 | +1466.1% | 1.80 billion | 28.21 billion |
| 1997 | -439.8% | 3.57 billion | -12.13 billion |
| 1971 | -293.5% | 539.11 million | -1.04 billion |
| 1985 | -293.2% | -2.11 billion | -8.30 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.41 billion | -2.09 billion | -623.20 million | 9 |
| 1970s | -5.27 billion | -10.00 billion | 539.11 million | 10 |
| 1980s | -11.52 billion | -26.57 billion | 1.88 billion | 10 |
| 1990s | -14.96 billion | -28.67 billion | 3.57 billion | 10 |
| 2000s | 13.98 billion | -45.71 billion | 31.32 billion | 10 |
| 2010s | -56.85 billion | -69.57 billion | -45.18 billion | 10 |
| 2020s | -23.28 billion | -44.79 billion | 372.00 million | 7 |
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 no 116 — current account balance in Canada?
- Economic outlook no 116 — current account balance in Canada was -31.16 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 116 — current account balance recorded in Canada?
- The highest recorded value was 31.32 billion in 2004.
- What is the lowest economic outlook no 116 — current account balance recorded in Canada?
- The lowest recorded value was -69.57 billion in 2015.
- How does Canada rank for economic outlook no 116 — current account balance?
- Canada ranks 23rd out of 36 countries with data for 2026.
- Is economic outlook no 116 — current account balance rising or falling in Canada?
- Over the last ten years it is up 50.2%. 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 No 116 — Current account balance. 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 (2024), OECD Economic Outlook No 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org