Canada Current Account Balance: % of GDP
1957 - 2022 | Quarterly | % | CEIC Data
Key information about Canada Current Account Balance: % of GDP
- Canada Current Account deficit accounted for 1.5 % of the country's Nominal GDP in Dec 2022, compared with a 1.2 % deficit in the previous quarter.
- Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Dec 2022, with an average value of -2.4 %.
- The data reached an all-time high of 3.7 % in Mar 2001 and a record low of -5.1 % in Mar 1975.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly de-annualised Nominal GDP. Statistics Canada provides Current Account Balance in local currency based on BPM6 and annualised Nominal GDP in local currency. Current Account Balance as % of Nominal GDP prior to Q1 1981 is calculated from Current Account Balance based on BPM5. Nominal GDP prior to Q1 1961 is sourced from the International Monetary Fund.
Key information about Canada Current Account Balance: % of GDP
- In the latest reports of Canada, Current Account recorded a deficit of 7.8 USD bn in Dec 2022.
- Foreign Direct Investment (FDI) increased by 11.2 USD bn in Dec 2022.
- Canada Direct Investment Abroad expanded by 9.3 USD bn in Dec 2022.
- Its Foreign Portfolio Investment increased by 31.3 USD bn in Dec 2022.
- The country's Nominal GDP was reported at 513.5 USD bn in Dec 2022.
View Canada's Current Account Balance: % of GDP from Mar 1957 to Dec 2022 in the chart:
What was Canada's Current Account Balance: % of GDP in Dec 2022?
Canada Current Account deficit accounted for 1.5 % of the country's Nominal GDP in Dec 2022, compared with a 1.2 % deficit in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -1.5 Dec 2022 | -1.2 Sep 2022 | -5.1 Mar 1975 | 3.7 Mar 2001 | % | quarterly | Mar 1957 - Dec 2022 |
Current Account Balance: % of GDP by Country Comparison
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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 7.0 Jun 2022 | quarterly | Mar 2007 - Jun 2022 |
| Argentina (%) | -1.9 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Armenia (%) | 5.6 Sep 2022 | quarterly | Dec 1994 - Sep 2022 |
| Australia (%) | 2.2 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 1.3 Sep 2022 | quarterly | Mar 1970 - Sep 2022 |
| Azerbaijan (%) | 36.2 Sep 2022 | quarterly | Mar 2013 - Sep 2022 |
| Bahrain (%) | 14.8 Sep 2022 | quarterly | Mar 2018 - Sep 2022 |
| Bangladesh (%) | -3.8 2022 | yearly | 1998 - 2022 |
| Belarus (%) | 9.1 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Belgium (%) | -5.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Bolivia (%) | -5.8 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| Bosnia and Herzegovina (%) | -4.1 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Botswana (%) | 5.7 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Brazil (%) | -3.5 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | -4.1 Dec 2022 | quarterly | Sep 1999 - Dec 2022 |
| Cambodia (%) | -31.7 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Canada (%) | -1.5 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Chile (%) | -13.6 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| China (%) | 2.3 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Colombia (%) | -6.1 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Croatia (%) | 21.8 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Cyprus (%) | -6.1 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Czech Republic (%) | -4.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 11.8 Dec 2022 | quarterly | Mar 1990 - Dec 2022 |
| Ecuador (%) | 0.5 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Egypt (%) | -2.5 Sep 2022 | quarterly | Sep 2001 - Sep 2022 |
| Estonia (%) | 3.5 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| European Union (%) | 1.0 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Finland (%) | -0.1 Dec 2022 | quarterly | Mar 1990 - Dec 2022 |
| France (%) | -1.0 Dec 2022 | quarterly | Mar 1997 - Dec 2022 |
| Georgia (%) | 5.8 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Germany (%) | 4.1 Dec 2022 | quarterly | Mar 1991 - Dec 2022 |
| Ghana (%) | -4.0 Sep 2022 | quarterly | Mar 2006 - Sep 2022 |
| Greece (%) | -17.7 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Hong Kong SAR, China (%) | 16.2 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Hungary (%) | -10.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Iceland (%) | -2.1 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| India (%) | -4.4 Sep 2022 | quarterly | Jun 2004 - Sep 2022 |
| Indonesia (%) | 1.3 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Iran (%) | 0.7 2022 | yearly | 1997 - 2022 |
| Ireland (%) | 12.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Israel (%) | 5.4 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Italy (%) | 0.7 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Ivory Coast (%) | -3.9 2021 | yearly | 1975 - 2021 |
| Japan (USD mn) | 1,658.4 Jan 2023 | monthly | Jan 1996 - Jan 2023 |
| Jordan (%) | -10.0 Sep 2022 | quarterly | Mar 1992 - Sep 2022 |
| Kazakhstan (%) | -2.3 Dec 2022 | quarterly | Dec 1997 - Dec 2022 |
| Kenya (%) | -5.7 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| South Korea (USD mn) | 2,271.5 Dec 2022 | monthly | Jan 1980 - Dec 2022 |
| Kosovo (%) | -16.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Kuwait (%) | 0.5 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Kyrgyzstan (%) | -55.8 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Laos (%) | 2.3 2021 | yearly | 1984 - 2021 |
| Latvia (%) | -3.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Lebanon (%) | -4.7 2020 | yearly | 2002 - 2020 |
| Lithuania (%) | 0.1 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Luxembourg (%) | 2.7 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 5.8 2021 | yearly | 2002 - 2021 |
| North Macedonia (%) | -6.6 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malawi (%) | -14.5 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 5.5 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malta (%) | 2.7 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Mauritius (%) | -12.2 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Mexico (%) | 1.2 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Moldova (%) | -15.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Mongolia (%) | -4.8 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Montenegro (%) | 3.6 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Morocco (%) | -2.0 Sep 2022 | quarterly | Mar 2014 - Sep 2022 |
| Mozambique (%) | -22.8 2021 | yearly | 1980 - 2021 |
| Nepal (%) | -12.8 2022 | yearly | 2001 - 2022 |
| Netherlands (%) | 5.9 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
| New Zealand (%) | -6.1 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | -0.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Norway (%) | 25.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -4.6 2022 | yearly | 1977 - 2022 |
| Palestinian Territory (%) | -12.7 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
| Panama (%) | 0.7 Jun 2022 | quarterly | Mar 2007 - Jun 2022 |
| Paraguay (%) | -8.1 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Peru (%) | -2.8 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Philippines (%) | -6.2 Sep 2022 | quarterly | Mar 1981 - Sep 2022 |
| Poland (%) | -1.5 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Portugal (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Qatar (%) | 27.5 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
| Romania (%) | -7.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Russia (%) | 7.7 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Saudi Arabia (%) | 16.7 Sep 2022 | quarterly | Mar 2006 - Sep 2022 |
| Serbia (%) | -5.1 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Singapore (%) | 14.6 Dec 2022 | quarterly | Mar 1986 - Dec 2022 |
| Slovakia (%) | -9.5 Dec 2022 | quarterly | Mar 1997 - Dec 2022 |
| Slovenia (%) | -0.9 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| South Africa (%) | 0.0 Sep 2022 | quarterly | Mar 1960 - Sep 2022 |
| Spain (%) | 0.9 Sep 2022 | quarterly | Mar 1980 - Sep 2022 |
| Sri Lanka (%) | 0.7 Sep 2022 | quarterly | Mar 2002 - Sep 2022 |
| Sudan (%) | -8.0 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 5.4 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Switzerland (%) | 12.5 Sep 2022 | quarterly | Mar 1983 - Sep 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.1 Dec 2022 | quarterly | Jun 1993 - Dec 2022 |
| Consolidated Fiscal Balance (USD mn) | -1,459.698 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Tax Revenue (USD mn) | 22,919.396 Dec 2022 | monthly | Jan 1996 - Dec 2022 |
| Tax Revenue: % of GDP (%) | 12.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| National Government Debt (USD mn) | 1,473,046.8 2022 | yearly | 1962 - 2022 |
| Government Debt: % of GDP (%) | 71.3 2022 | yearly | 1962 - 2022 |
| Forecast: Government Expenditure (CAD bn) | 1,399.490 2027 | yearly | 1980 - 2027 |
| Forecast: Government Net Debt (CAD bn) | 2,983.210 2027 | yearly | 1980 - 2027 |
| Forecast: Government Revenue (CAD bn) | 1,381.310 2027 | yearly | 1980 - 2027 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -1,983.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Revenue (CAD mn) | 35,326.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,638.000 Dec 2022 | monthly | Jan 1996 - Dec 2022 |
| Budgetary Expense (CAD mn) | -37,309.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,136.000 Dec 2022 | monthly | Jan 1996 - Dec 2022 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 542,400.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Expense (CAD mn) | 535,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Balance (CAD mn) | 4,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| Net Financing Activities (CAD mn) | 7,700.000 Dec 2022 | monthly | Jan 1996 - Dec 2022 |
| FIN Forecast: Federal Debt (CAD mn) | 1,246,700.000 2028 | yearly | 1997 - 2028 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.689 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 1,432.6 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Total Exports (USD mn) | 49,935.6 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Total Exports Growth (%) | 15.7 Jan 2023 | monthly | Jan 1989 - Jan 2023 |
| Aluminum: Exports (USD th) | 9,881,908.000 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 8,651,176.943 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 951,763.844 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 48,503.0 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Total Imports Growth (%) | 7.8 Dec 2022 | monthly | Jan 1989 - Dec 2022 |
| Imports: Medicament (USD th) | 9,962,257.486 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,570,531.231 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 37,487.781 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Total Imports from USA (USD mn) | 30,756.743 Jan 2023 | monthly | Jan 1997 - Jan 2023 |
| Total Exports to China (USD mn) | 2,249.441 Jan 2023 | monthly | Jan 1997 - Jan 2023 |
| Total Imports from China (USD mn) | 3,872.597 Jan 2023 | monthly | Jan 1997 - Jan 2023 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 1,714.000 Dec 2022 | monthly | Jan 1977 - Dec 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,124.200 Jan 2023 | monthly | Jan 2022 - Jan 2023 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 26,060.473 Dec 2022 | monthly | Jan 2022 - Dec 2022 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 886,010.833 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.3 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
| Household Debt: % of GDP (%) | 101.3 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Money Supply M1 (USD mn) | 1,150,271.089 Nov 2022 | monthly | Mar 1975 - Nov 2022 |
| Money Supply M2 (USD mn) | 1,768,550.842 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| M2 Growth (%) | 3.5 Dec 2022 | monthly | Jan 1969 - Dec 2022 |
| Foreign Exchange Reserves (USD mn) | 80,984.0 Feb 2023 | monthly | Jun 1999 - Feb 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 3.727 Dec 2022 | quarterly | Jun 1999 - Dec 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Jan 2023 | monthly | Jun 1999 - Jan 2023 |
| Gold Reserves (USD mn) | 0.000 Feb 2023 | monthly | Dec 1956 - Feb 2023 |
| Total Deposits (USD mn) | 4,249,123.780 Jan 2023 | monthly | Jan 2009 - Jan 2023 |
| Total Deposits Growth (%) | 9.3 Jan 2023 | monthly | Jan 2010 - Jan 2023 |
| Domestic Credit (USD mn) | 4,492,290.1 Dec 2022 | monthly | Jan 1969 - Dec 2022 |
| Domestic Credit Growth (%) | 5.9 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Debt Service Ratio: Households (%) | 13.500 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.400 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Credit to Households (USD bn) | 2,061.219 Sep 2022 | quarterly | Mar 1969 - Sep 2022 |
| Credit to Private Non-Financial Sector (USD bn) | 4,517.580 Jun 2022 | quarterly | Mar 1954 - Jun 2022 |
| Household Debt (USD mn) | 2,082,980.5 Nov 2022 | monthly | Jan 1969 - Nov 2022 |
| Total Loans (USD mn) | 3,013,682.228 Nov 2022 | monthly | Jan 1969 - Nov 2022 |
| Total Loans Growth (%) | 7.74 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Private Debt: % of Nominal GDP (%) | 218.27 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,408,096.000 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,549,669.000 Dec 2022 | monthly | Mar 1975 - Dec 2022 |
| Money Supply: M1+: Gross (CAD mn) | 1,554,907.000 Dec 2022 | monthly | Mar 1975 - Dec 2022 |
| Money Supply: M3: Gross (CAD mn) | 3,429,874.000 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,417,874.000 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,393,203.000 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| Official International Reserves (USD mn) | 108,766.000 Feb 2023 | monthly | Dec 1994 - Feb 2023 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2023 | monthly | Dec 1994 - Feb 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -24.6 Feb 2023 | monthly | Dec 2001 - Feb 2023 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 51.600 Feb 2023 | monthly | Dec 2000 - Feb 2023 |
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