Key information about Canada Current Account Balance: % of GDP

• Canada Current Account deficit accounted for 0.6 % of the country's Nominal GDP in Dec 2024, compared with a 0.5 % deficit in the previous quarter.
• Canada Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1957 to Dec 2024, with an average value of -2.3 %.
• 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.


Key information about Canada Current Account Balance: % of GDP

• In the latest reports of Canada, Current Account recorded a deficit of 4.6 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 20.0 USD bn in Dec 2024.
• Canada Direct Investment Abroad expanded by 28.5 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 35.6 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 520.3 USD bn in Mar 2023.

Canada CA: BOP: Financial Account: Portfolio Investment: Net data was reported at -58.617 USD bn in 2024. This records a decrease from the previous number of 15.355 USD bn for 2023. Canada CA: BOP: Financial Account: Portfolio Investment: Net data is updated yearly, averaging -5.234 USD bn from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 70.519 USD bn in 2007 and a record low of -116.726 USD bn in 2022. Canada CA: BOP: Financial Account: Portfolio Investment: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Balance of Payments: Capital and Financial Account. Portfolio investment covers transactions in equity securities and debt securities. Data are in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. In BPM6, the headings of the financial account have been changed from credits and debits to net acquisition of financial assets and net incurrence of liabilities; i.e., all changes due to credit and debit entries are recorded on a net basis separately for financial assets and liabilities. Financial account balances are calculated as the change in assets minus the change in liabilities; signs are reversed from previous editions.

Canada CA: BOP: Reserves and Related Items data was reported at 5.498 USD bn in 2024. This records a decrease from the previous number of 7.670 USD bn for 2023. Canada CA: BOP: Reserves and Related Items data is updated yearly, averaging 569.284 USD mn from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 20.509 USD bn in 2021 and a record low of -5.111 USD bn in 1978. Canada CA: BOP: Reserves and Related Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Balance of Payments: Capital and Financial Account. Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, and include holdings of monetary gold, special drawing rights (SDRs), reserve position in the International Monetary Fund (IMF), and other reserve assets. Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. Data are in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. In BPM6, the headings of the financial account have been changed from credits and debits to net acquisition of financial assets and net incurrence of liabilities; i.e., all changes due to credit and debit entries are recorded on a net basis separately for financial assets and liabilities. Financial account balances are calculated as the change in assets minus the change in liabilities; signs are reversed from previous editions.

The Department of Public Services and Procurement Canada, in its role as Receiver General for Canada, is responsible for the management and safeguarding of all federal government money. All funds paid to the Government of Canada are held in a central account at the Bank of Canada, known as the Consolidated Revenue Fund (CRF). The Receiver General uses a centralized banking system (Government Banking System or GBS) to record the inflow of funds to the CRF. Using this system, cash balances at the Bank of Canada are reviewed and approved each day by the Receiver General. This dataset entitled “Daily Cash Balances” provides details, extracted from the GBS, of the balance and amounts held at the Bank of Canada. Updates will be posted quarterly.