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:
What was Canada's Current Account Balance: % of GDP in Sep 2020?
|-1.3 Sep 2020||-1.4 Jun 2020||-5.1 Mar 1975||3.7 Mar 2001||%||quarterly||Mar 1957 - Sep 2020|
Current Account Balance: % of GDP by Country Comparison
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|Albania (%)||-5.8 Sep 2020||quarterly||Mar 2008 - Sep 2020|
|Algeria (%)||-9.6 Jun 2019||quarterly||Mar 2007 - Jun 2019|
|Argentina (%)||1.3 Sep 2020||quarterly||Mar 2004 - Sep 2020|
|Armenia (%)||-1.9 Sep 2020||quarterly||Dec 1994 - Sep 2020|
|Australia (%)||2.1 Sep 2020||quarterly||Sep 1959 - Sep 2020|
|Austria (%)||3.5 Sep 2020||quarterly||Mar 1970 - Sep 2020|
|Azerbaijan (%)||6.1 Mar 2020||quarterly||Mar 2013 - Mar 2020|
|Bahrain (%)||3.3 2014||yearly||1997 - 2014|
|Bangladesh (%)||-1.6 2020||yearly||1998 - 2020|
|Belarus (%)||3.8 Sep 2020||quarterly||Mar 1996 - Sep 2020|
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Canada Key Series
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|Government and Public Finance||Last||Frequency||Range|
|Consolidated Fiscal Balance: % of GDP (%)||-6.4 Jun 2020||quarterly||Jun 1993 - Jun 2020|
|Consolidated Fiscal Balance (USD mn)||-16,582.508 Aug 2020||monthly||May 1992 - Aug 2020|
|Tax Revenue (USD mn)||16,287.638 Oct 2020||monthly||Jan 1996 - Oct 2020|
|Tax Revenue: % of GDP (%)||10.0 Jun 2020||quarterly||Mar 1996 - Jun 2020|
|National Government Debt (USD mn)||884,096.2 2020||yearly||1962 - 2020|
|Government Debt: % of GDP (%)||54.0 2020||yearly||1962 - 2020|
|Forecast: Government Expenditure (CAD bn)||1,102.276 2025||yearly||1980 - 2025|
|Forecast: Government Net Debt (CAD bn)||2,919.284 2025||yearly||1980 - 2025|
|Forecast: Government Revenue (CAD bn)||1,094.790 2025||yearly||1980 - 2025|
|Budgetary Revenue (CAD mn)||24,067.000 Oct 2020||monthly||May 1992 - Oct 2020|
|Budgetary Revenue: Tax Revenues (TR) (CAD mn)||21,529.000 Oct 2020||monthly||Jan 1996 - Oct 2020|
|Budgetary Expense (CAD mn)||-42,573.000 Oct 2020||monthly||May 1992 - Oct 2020|
|Budgetary Balance: Deficit or Surplus (CAD mn)||-18,506.000 Oct 2020||monthly||May 1992 - Oct 2020|
|Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn)||4,682.000 Oct 2020||monthly||Jan 1996 - Oct 2020|
|FIN Forecast: Budgetary Revenue (CAD mn)||417,300.000 2026||yearly||1996 - 2026|
|FIN Forecast: Budgetary Expense (CAD mn)||434,500.000 2026||yearly||1996 - 2026|
|FIN Forecast: Budgetary Balance (CAD mn)||-24,900.000 2026||yearly||1996 - 2026|
|FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn)||65,700.000 2026||yearly||2000 - 2026|
|Net Financing Activities (CAD mn)||28,736.000 Oct 2020||monthly||Jan 1996 - Oct 2020|
|FIN Forecast: Federal Debt (CAD mn)||1,378,300.000 2026||yearly||1997 - 2026|
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