Canada Crude Oil Production - Forecast

Crude Oil Production in Canada is expected to be 3978.26 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 3977.51 in 12 months time. In the long-term, the Canada Crude Oil Production is projected to trend around 3977.51 BBL/D/1K in 2020, according to our econometric models.


Canada Crude Oil Production
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Canada Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -4140 -700 -2100 -1200 -2100 -3800
Exports 47584 47200 45900 45400 45900 43000
Imports 51724 46500 48000 46600 48000 46800
Current Account -16346 -14896 -14922 -14683 -14376 -11550
Current Account to GDP -3 -2.8 -2.8 -2.8 -2.5 -1.9
External Debt 632 632 632 623 632 628
Terms of Trade 93.3 92.32 92.88 88.24 92.4 90.65
Foreign Direct Investment 8333 9236 9555 9406 9537 9827
Capital Flows 0 9.58 9.81 -4 10.04 -8
Gold Reserves 0 0 0 3 0 4
Crude Oil Production 3981 3978 3978 3978 3978 3978
Terrorism Index 2.96 2.5 2.55 2.3 2.61 2.3
Tourist Arrivals 1879690 2897300 2582100 2165200 2448500 2440500
Weapons Sales 87 87 87 87 87 87