Canada recorded a Current Account deficit of 2.10 percent of the country's Gross Domestic Product in 2019. source: Statistics Canada

Current Account to GDP in Canada averaged -1.47 percent from 1980 until 2019, reaching an all time high of 2.70 percent in 2000 and a record low of -4.20 percent in 1981. This page provides - Canada Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Canada is expected to reach -2.70 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Current Account to GDP is projected to trend around -2.20 percent in 2021, according to our econometric models.

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Canada Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -2.50 2.70 -4.20 1980 - 2019 percent Yearly

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3763.20 -3817.20 8524.80 -5575.10 CAD Million [+]
Current Account -7528.00 -6998.00 12492.00 -20035.00 CAD Million [+]
Current Account to GDP -2.10 -2.50 2.70 -4.20 percent [+]
Imports 50229.90 49301.60 52759.20 1112.00 CAD Million [+]
Exports 46466.70 45484.40 52538.90 1366.00 CAD Million [+]
External Debt 3026494.00 2884367.00 3026494.00 354800.00 CAD Million [+]
Terms of Trade 90.40 90.30 112.30 76.30 points [+]
Capital Flows 0.00 0.00 4632.00 -672.00 CAD Million [+]
Foreign Direct Investment 10338.00 11823.00 50326.00 -8640.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.20 0.00 Tonnes [+]
Crude Oil Production 3789.00 3718.00 4670.00 955.00 BBL/D/1K [+]
Terrorism Index 3.17 3.59 3.59 0.65 [+]
Tourist Arrivals 147777.00 158664.00 7006165.00 67654.00 [+]
Oil Exports 4396.10 4420.40 8592.90 295.30 CAD Million [+]
Weapons Sales 188.00 111.00 544.00 38.00 USD Million [+]


Canada Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.