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

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 July of 2020. source: Statistics Canada

Current Account to GDP in Canada is expected to reach -2.20 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 and -1.90 percent in 2022, 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 -676.70 -4266.00 8524.80 -4953.10 CAD Million [+]
Current Account -11093.00 -9307.00 12492.00 -20035.00 CAD Million [+]
Current Account to GDP -2.10 -2.50 2.70 -4.20 percent [+]
Imports 35286.20 36713.70 52875.70 1112.00 CAD Million [+]
Exports 34609.50 32447.70 52510.40 1366.00 CAD Million [+]
External Debt 2849143.00 2752969.00 2849143.00 795408.00 CAD Million [+]
Terms of Trade 84.90 84.40 108.50 79.10 points [+]
Capital Flows -48.00 0.00 4632.00 -672.00 CAD Million [+]
Foreign Direct Investment 10352.00 13624.00 50326.00 -8640.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.20 0.00 Tonnes [+]
Crude Oil Production 4523.00 4552.00 4630.00 955.00 BBL/D/1K [+]
Terrorism Index 3.59 3.53 3.59 0.65 [+]
Tourist Arrivals 67654.00 760461.00 7006165.00 67654.00 [+]
Oil Exports 2465.00 2823.40 8592.90 295.30 CAD Million [+]
Weapons Sales 84.00 64.00 473.00 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.