The current account deficit in Canada decreased to 1.90 percent of GDP n 2020 from 2.10 percent in 2019. source: Statistics Canada

Current Account to GDP in Canada averaged -1.48 percent from 1980 until 2020, reaching an all time high of 2.70 percent in 2000 and a record low of -4.20 percent in 1981. This page provides - Canada Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Canada is expected to reach -0.60 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Current Account to GDP is projected to trend around -1.50 percent of GDP in 2022 and -1.80 percent of GDP in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Canada Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -2.10 2.70 -4.20 1980 - 2020 percent of GDP Yearly

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade 593.90 -1347.40 8524.80 -5575.10 CAD Million [+]
Current Account 1180.00 -5270.00 12492.00 -20035.00 CAD Million [+]
Current Account to GDP -1.90 -2.10 2.70 -4.20 percent of GDP [+]
Imports 49612.70 52047.70 52759.20 1112.00 CAD Million [+]
Exports 50206.60 50700.30 52538.90 1366.00 CAD Million [+]
External Debt 3036227.00 3147435.00 3147435.00 354800.00 CAD Million [+]
Terms of Trade 99.00 98.00 112.30 76.30 points [+]
Capital Flows -38.00 0.00 4632.00 -672.00 CAD Million [+]
Foreign Direct Investment 19620.00 2482.00 50326.00 -8640.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.20 0.00 Tonnes [+]
Crude Oil Production 4399.00 4671.00 4908.00 955.00 BBL/D/1K [+]
Terrorism Index 3.17 3.59 3.59 0.65 [+]
Tourist Arrivals 123583.00 101655.00 7006165.00 67654.00 [+]
Oil Exports 6561.50 6753.40 8592.90 295.30 CAD Million [+]
Weapons Sales 200.00 211.00 544.00 38.00 SIPRI TIV Million [+]


Canada Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.