Canada Crude Oil Production  Forecast


Canada Crude Oil Production
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Crude Oil Production in Canada is expected to be 3902.04 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Canada to stand at 3882.44 in 12 months time. In the long-term, the Canada Crude Oil Production is projected to trend around 3835.25 BBL/D/1K in 2020, according to our econometric models.


Canada Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -2540 -1100 -750 -1049 -1200 -2800
Exports 46206 47500 47200 44200 45400 43000
Imports 48746 48600 46500 45800 46600 46800
Current Account -19346 -17026 -16266 -16120 -15885 -13426
Current Account to GDP -3.3 -2.8 -2.8 -3.04 -2.8 -1.9
External Debt 632 624 630 637 623 628
Terms of Trade 91.6 91.76 91.67 91.57 90.12 94.74
Foreign Direct Investment 9763 7031 7103 7432 7276 7539
Capital Flows -25 -11.02 -11.74 -11.55 -4 -8
Gold Reserves 0 0.28 0.54 0.88 3 4
Crude Oil Production 3960 3902 3895 3888 3882 3835
Terrorism Index 2.96 2.39 2.43 2.47 2.3 2.3
Tourist Arrivals 2325263 0 0 0 0 0
Weapons Sales 127 266 227 188 149 198