Canada Current Account Balance: % of GDP

Canada Current Account deficit accounted for 1.3 % of the country's Nominal GDP in Sep 2020, compared with a 1.4 % deficit in the previous quarter. Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Sep 2020, 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.

In the latest reports of Canada, Current Account recorded a deficit of 5.7 USD bn in Sep 2020. Foreign Direct Investment (FDI) increased by 7.8 USD bn in Sep 2020. Canada Direct Investment Abroad expanded by 13.0 USD bn in Sep 2020. Its Foreign Portfolio Investment increased by 8.6 USD bn in Sep 2020. The country's Nominal GDP was reported at 359.0 USD bn in Jun 2020.

View Canada's Current Account Balance: % of GDP from Mar 1957 to Sep 2020 in the chart:

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What was Canada's Current Account Balance: % of GDP in Sep 2020?

Current Account Balance: % of GDP by Country Comparison

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