Canada recorded a Current Account surplus of 0.10 percent of the country's Gross Domestic Product in 2021. source: Statistics Canada

Current Account to GDP in Canada averaged -1.44 percent of GDP from 1980 until 2021, reaching an all time high of 2.70 percent of GDP in 2000 and a record low of -4.20 percent of GDP 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 2022.

Current Account to GDP in Canada is expected to reach 1.00 percent of GDP by the end of 2022, 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 -0.20 percent of GDP in 2023 and -0.80 percent of GDP in 2024, according to our econometric models.

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Canada Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 1501.00 2282.00 CAD Million Apr 2022
Current Account 5026.00 -137.00 CAD Million Mar 2022
Current Account to GDP 0.10 -1.90 percent of GDP Dec 2021
Exports 64312.20 63948.40 CAD Million Apr 2022
Imports 62811.00 61666.70 CAD Million Apr 2022
External Debt 3213412.00 3334890.00 CAD Million Mar 2022
Terms of Trade 109.30 108.10 points Apr 2022
Foreign Direct Investment 20113.00 19439.00 CAD Million Mar 2022
Capital Flows 7058.00 3488.00 CAD Million Mar 2022
Oil Exports 11447.60 13240.70 CAD Million Apr 2022
Tourist Arrivals 761360.00 560300.00 Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 -1.90 2.70 -4.20 1980 - 2021 percent of GDP Yearly