Canada Current Account Balance: % of GDP

Key information about Canada Current Account Balance: % of GDP

• Canada Current Account deficit accounted for 1.1 % of the country's Nominal GDP in Jun 2024, compared with a 0.7 % deficit in the previous quarter.
• Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Jun 2024, with an average value of -2.3 %.
• The data reached an all-time high of 3.7 % in Mar 2001 and a record low of -5.1 % in Mar 1975.

• In the latest reports of Canada, Current Account recorded a deficit of 4.6 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 28.2 USD bn in Jun 2024.
• Canada Direct Investment Abroad expanded by 15.5 USD bn in Jun 2024.
• Its Foreign Portfolio Investment increased by 49.2 USD bn in Jun 2024.
• The country's Nominal GDP was reported at 520.3 USD bn in Mar 2023.

View Canada's Current Account Balance: % of GDP from Mar 1957 to Jun 2024 in the chart:

max 1y 5y 10y bar line area spline areaspline column Apply Get this data

There is no data available for your selected dates.

max 1y 5y 10y bar line area spline areaspline column Apply Get this data

There is no data available for your selected dates.

What was Canada's Current Account Balance: % of GDP in Jun 2024?

Canada Current Account deficit accounted for 1.1 % of the country's Nominal GDP in Jun 2024, compared with a 0.7 % deficit in the previous quarter. See the table below for more data.

Current Account Balance: % of GDP by Country Comparison

Canada Key Series

More Indicators for Canada