Canada Current Account Balance: % of GDP
1957 - 2021 | Quarterly | % | CEIC Data
Canada Current Account surplus accounted for 0.2 % of the country's Nominal GDP in Mar 2021, compared with a 0.9 % deficit in the previous quarter. Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Mar 2021, 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 surplus of 935.0 USD mn in Mar 2021. Foreign Direct Investment (FDI) increased by 15.5 USD bn in Mar 2021. Canada Direct Investment Abroad expanded by 8.3 USD bn in Mar 2021. Its Foreign Portfolio Investment increased by 10.0 USD bn in Mar 2021. The country's Nominal GDP was reported at 442.6 USD bn in Dec 2020.
View Canada's Current Account Balance: % of GDP from Mar 1957 to Mar 2021 in the chart:
What was Canada's Current Account Balance: % of GDP in Mar 2021?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 0.2 Mar 2021 | -0.9 Dec 2020 | -5.1 Mar 1975 | 3.7 Mar 2001 | % | quarterly | Mar 1957 - Mar 2021 |
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 (%) | -9.5 Mar 2021 | quarterly | Mar 2008 - Mar 2021 |
| Algeria (%) | -6.9 Dec 2019 | quarterly | Mar 2007 - Dec 2019 |
| Argentina (%) | 0.7 Mar 2021 | quarterly | Mar 2004 - Mar 2021 |
| Armenia (%) | 1.4 Dec 2020 | quarterly | Dec 1994 - Dec 2020 |
| Australia (%) | 3.5 Mar 2021 | quarterly | Sep 1959 - Mar 2021 |
| Austria (%) | 1.6 Dec 2020 | quarterly | Mar 1970 - Dec 2020 |
| Azerbaijan (%) | -0.2 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bahrain (%) | -7.5 Dec 2020 | quarterly | Mar 2018 - Dec 2020 |
| Bangladesh (%) | -1.6 2020 | yearly | 1998 - 2020 |
| Belarus (%) | -6.7 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Belgium (%) | 2.2 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Bolivia (%) | 0.9 Jun 2020 | quarterly | Mar 1990 - Jun 2020 |
| Bosnia and Herzegovina (%) | -1.4 Mar 2021 | quarterly | Mar 2008 - Mar 2021 |
| Botswana (%) | -7.8 Dec 2020 | quarterly | Mar 2004 - Dec 2020 |
| Brazil (%) | -4.0 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | -0.8 Mar 2021 | quarterly | Sep 1999 - Mar 2021 |
| Cambodia (%) | -29.0 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Canada (%) | 0.2 Mar 2021 | quarterly | Mar 1957 - Mar 2021 |
| Chile (%) | -2.0 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| China (%) | 1.8 Mar 2021 | quarterly | Mar 1998 - Mar 2021 |
| Colombia (%) | -4.8 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Croatia (%) | -11.2 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Cyprus (%) | -17.7 Mar 2021 | quarterly | Mar 2008 - Mar 2021 |
| Czech Republic (%) | 5.8 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Denmark (%) | 5.0 Mar 2021 | quarterly | Mar 1990 - Mar 2021 |
| Ecuador (%) | 2.9 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Egypt (%) | -4.6 Dec 2020 | quarterly | Sep 2001 - Dec 2020 |
| Estonia (%) | -11.3 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| European Union (%) | 3.0 Mar 2021 | quarterly | Mar 1999 - Mar 2021 |
| Finland (%) | -0.6 Mar 2021 | quarterly | Mar 1990 - Mar 2021 |
| France (%) | -1.8 Mar 2021 | quarterly | Mar 1997 - Mar 2021 |
| Georgia (%) | -10.7 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Germany (%) | 7.7 Dec 2020 | quarterly | Mar 1991 - Dec 2020 |
| Ghana (%) | -4.1 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| Greece (%) | -7.0 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Hong Kong SAR, China (%) | 8.5 Mar 2021 | quarterly | Mar 1999 - Mar 2021 |
| Hungary (%) | 1.8 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Iceland (%) | -3.8 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| India (%) | -1.0 Mar 2021 | quarterly | Jun 2004 - Mar 2021 |
| Indonesia (%) | -0.4 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Iran (%) | 0.6 2020 | yearly | 1997 - 2020 |
| Ireland (%) | 19.0 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Israel (%) | 5.2 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Italy (%) | 1.8 Mar 2021 | quarterly | Mar 1980 - Mar 2021 |
| Ivory Coast (%) | -2.3 2019 | yearly | 1975 - 2019 |
| Japan (USD mn) | 17,106.0 May 2021 | monthly | Jan 1996 - May 2021 |
| Jordan (%) | -15.1 Mar 2021 | quarterly | Mar 1992 - Mar 2021 |
| Kazakhstan (%) | -2.6 Dec 2020 | quarterly | Dec 1997 - Dec 2020 |
| Kenya (%) | -5.4 Sep 2020 | quarterly | Mar 2009 - Sep 2020 |
| South Korea (USD mn) | 9,261.4 Feb 2021 | monthly | Jan 1980 - Feb 2021 |
| Kosovo (%) | -10.3 Mar 2021 | quarterly | Mar 2010 - Mar 2021 |
| Kuwait (%) | 31.3 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
| Kyrgyzstan (%) | -6.0 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Laos (%) | -0.6 2020 | yearly | 1984 - 2020 |
| Latvia (%) | -0.7 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Lebanon (%) | -20.5 2019 | yearly | 2002 - 2019 |
| Lithuania (%) | 4.4 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Luxembourg (%) | 2.1 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Macau SAR, China (%) | 33.6 2019 | yearly | 2002 - 2019 |
| North Macedonia (%) | -2.3 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Malawi (%) | -11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 3.3 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Malta (%) | -1.3 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Mauritius (%) | -16.1 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Mexico (%) | -1.7 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Moldova (%) | -7.0 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Mongolia (%) | -6.4 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Montenegro (%) | -18.5 Mar 2021 | quarterly | Mar 2010 - Mar 2021 |
| Morocco (%) | -3.0 Mar 2021 | quarterly | Mar 2014 - Mar 2021 |
| Mozambique (%) | -19.7 2019 | yearly | 1980 - 2019 |
| Nepal (%) | -0.8 2020 | yearly | 2001 - 2020 |
| Netherlands (%) | 11.2 Mar 2021 | quarterly | Mar 1987 - Mar 2021 |
| New Zealand (%) | -5.9 Mar 2021 | quarterly | Jun 1987 - Mar 2021 |
| Nigeria (%) | -3.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Norway (%) | 10.1 Mar 2021 | quarterly | Mar 1981 - Mar 2021 |
| Oman (%) | -5.4 2019 | yearly | 1980 - 2019 |
| Pakistan (%) | -1.1 2020 | yearly | 1977 - 2020 |
| Palestinian Territory (%) | -7.2 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Panama (%) | 3.0 Dec 2020 | quarterly | Mar 2007 - Dec 2020 |
| Paraguay (%) | 1.5 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Peru (%) | -3.4 Mar 2021 | quarterly | Mar 1980 - Mar 2021 |
| Philippines (%) | -0.7 Mar 2021 | quarterly | Mar 1981 - Mar 2021 |
| Poland (%) | 2.3 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Portugal (%) | -1.0 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Qatar (%) | 0.2 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Romania (%) | -6.7 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Russia (%) | 6.5 Mar 2021 | quarterly | Mar 1994 - Mar 2021 |
| Saudi Arabia (%) | 4.6 Mar 2021 | quarterly | Mar 2006 - Mar 2021 |
| Serbia (%) | 1.2 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Singapore (%) | 19.6 Mar 2021 | quarterly | Mar 1986 - Mar 2021 |
| Slovakia (%) | 0.8 Mar 2021 | quarterly | Mar 1997 - Mar 2021 |
| Slovenia (%) | 7.0 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| South Africa (%) | 5.0 Mar 2021 | quarterly | Mar 1960 - Mar 2021 |
| Spain (%) | -0.7 Mar 2021 | quarterly | Mar 1980 - Mar 2021 |
| Sri Lanka (%) | -2.9 Mar 2021 | quarterly | Mar 2002 - Mar 2021 |
| Sudan (%) | -12.3 2019 | yearly | 1977 - 2019 |
| Sweden (%) | 6.2 Mar 2021 | quarterly | Mar 1980 - Mar 2021 |
| Switzerland (%) | 9.1 Mar 2021 | quarterly | Mar 1983 - Mar 2021 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -11.7 Dec 2020 | quarterly | Jun 1993 - Dec 2020 |
| Consolidated Fiscal Balance (USD mn) | -15,724.165 Jan 2021 | monthly | May 1992 - Jan 2021 |
| Tax Revenue (USD mn) | 21,588.034 Mar 2021 | monthly | Jan 1996 - Mar 2021 |
| Tax Revenue: % of GDP (%) | 13.5 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| National Government Debt (USD mn) | 1,282,564.6 2021 | yearly | 1962 - 2021 |
| Government Debt: % of GDP (%) | 72.1 2021 | yearly | 1962 - 2021 |
| Forecast: Government Expenditure (CAD bn) | 1,235.290 2026 | yearly | 1980 - 2026 |
| Forecast: Government Net Debt (CAD bn) | 2,898.370 2026 | yearly | 1980 - 2026 |
| Forecast: Government Revenue (CAD bn) | 1,240.440 2026 | yearly | 1980 - 2026 |
| Budgetary Expense (CAD mn) | -65,960.000 Mar 2021 | monthly | May 1992 - Mar 2021 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,368.000 Mar 2021 | monthly | Jan 1996 - Mar 2021 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 27,134.000 Mar 2021 | monthly | Jan 1996 - Mar 2021 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -31,443.000 Mar 2021 | monthly | May 1992 - Mar 2021 |
| Budgetary Revenue (CAD mn) | 34,517.000 Mar 2021 | monthly | May 1992 - Mar 2021 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 65,700.000 2026 | yearly | 2000 - 2026 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 417,300.000 2026 | yearly | 1996 - 2026 |
| FIN Forecast: Budgetary Balance (CAD mn) | -24,900.000 2026 | yearly | 1996 - 2026 |
| FIN Forecast: Budgetary Expense (CAD mn) | 434,500.000 2026 | yearly | 1996 - 2026 |
| Net Financing Activities (CAD mn) | -2,880.000 Mar 2021 | monthly | Jan 1996 - Mar 2021 |
| FIN Forecast: Federal Debt (CAD mn) | 1,378,300.000 2026 | yearly | 1997 - 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.287 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | 475.3 Apr 2021 | monthly | Jan 1988 - Apr 2021 |
| Total Exports (USD mn) | 40,184.6 Apr 2021 | monthly | Jan 1988 - Apr 2021 |
| Total Exports Growth (%) | 58.8 Apr 2021 | monthly | Jan 1989 - Apr 2021 |
| Aluminum: Exports (USD th) | 6,745,490.369 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 7,704,119.726 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 893,615.928 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 39,709.2 Apr 2021 | monthly | Jan 1988 - Apr 2021 |
| Total Imports Growth (%) | 33.8 Apr 2021 | monthly | Jan 1989 - Apr 2021 |
| Imports: Medicament (USD th) | 8,982,517.927 2020 | yearly | 1995 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 6,403,601.693 2020 | yearly | 1995 - 2020 |
| Total Exports to USA (USD mn) | 26,098.603 Dec 2020 | monthly | Jan 1988 - Dec 2020 |
| Total Imports from USA (USD mn) | 25,661.469 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| Total Exports to China (USD mn) | 1,955.178 Apr 2021 | monthly | Jan 1997 - Apr 2021 |
| Total Imports from China (USD mn) | 4,514.997 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 1,956.000 Apr 2021 | monthly | Jan 1977 - Apr 2021 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,089,281.469 May 2021 | monthly | Oct 2009 - May 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Household Debt: % of GDP (%) | 110.6 Mar 2021 | quarterly | Mar 1969 - Mar 2021 |
| Money Supply M1 (USD mn) | 1,220,403.547 Apr 2021 | monthly | Mar 1975 - Apr 2021 |
| Money Supply M2 (USD mn) | 1,789,709.544 Apr 2021 | monthly | Jan 1968 - Apr 2021 |
| M2 Growth (%) | 14.6 Apr 2021 | monthly | Jan 1969 - Apr 2021 |
| Foreign Exchange Reserves (USD mn) | 70,253.0 Mar 2021 | monthly | Jun 1999 - Mar 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 4.142 Mar 2021 | quarterly | Jun 1999 - Mar 2021 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Apr 2021 | monthly | Jun 1999 - Apr 2021 |
| Gold Reserves (USD mn) | 0.000 Jun 2021 | monthly | Dec 1956 - Jun 2021 |
| Total Deposits (USD mn) | 3,946,830.549 May 2021 | monthly | Jan 2009 - May 2021 |
| Total Deposits Growth (%) | 12.9 Feb 2021 | monthly | Jan 2010 - Feb 2021 |
| Domestic Credit (USD mn) | 4,329,473.6 Apr 2021 | monthly | Jan 1969 - Apr 2021 |
| Domestic Credit Growth (%) | 5.6 Apr 2021 | monthly | Jan 1970 - Apr 2021 |
| Debt Service Ratio: Households (%) | 12.400 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 23.600 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Credit to Households (USD bn) | 1,940.665 Dec 2020 | quarterly | Mar 1969 - Dec 2020 |
| Credit to Private Non-Financial Sector (USD bn) | 4,231.089 Dec 2020 | quarterly | Mar 1954 - Dec 2020 |
| Household Debt (USD mn) | 2,019,638.8 Apr 2021 | monthly | Jan 1969 - Apr 2021 |
| Total Loans (USD mn) | 2,777,369.665 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Total Loans Growth (%) | 3.52 Mar 2021 | monthly | Jan 1970 - Mar 2021 |
| Private Debt: % of Nominal GDP (%) | 239.82 Dec 2020 | quarterly | Mar 1969 - Dec 2020 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,499,998.000 Apr 2021 | monthly | Mar 1975 - Apr 2021 |
| Money Supply: M3: Gross (CAD mn) | 2,951,149.000 Apr 2021 | monthly | Jan 1970 - Apr 2021 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,199,732.000 Apr 2021 | monthly | Jan 1968 - Apr 2021 |
| Money Supply: M1+: Gross (CAD mn) | 1,491,990.000 Apr 2021 | monthly | Mar 1975 - Apr 2021 |
| Money Supply: M3: Gross: sa (CAD mn) | 2,944,239.000 Apr 2021 | monthly | Jan 1970 - Apr 2021 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,195,924.000 Apr 2021 | monthly | Jan 1968 - Apr 2021 |
| Official International Reserves (USD mn) | 89,053.000 Jun 2021 | monthly | Dec 1994 - Jun 2021 |
| Official International Reserves: Gold (USD mn) | 0.000 Jun 2021 | monthly | Dec 1994 - Jun 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 27.4 Jun 2021 | monthly | Dec 2001 - Jun 2021 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 71.900 Jun 2021 | monthly | Dec 2000 - Jun 2021 |
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Balance of Payments: Current Account: Forecast: OECD Member: Annual
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Gross External Debt