Canada Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Canada's current account balance was -1.41% in 2025, ranked 85th globally. This represents a 206.6% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Canada's current account balance stood at -1.41% in 2025, a decline of +0.95% from 2024. The IMF projects -1.41% by 2025. Canada ranked 85th globally.
Canada’s current‑account balance has been persistently negative over the 66‑year series, slipping to –1.41 % of GDP in 2025, which places the country at 85th position worldwide. The balance reached its highest surplus of 2.48 % of GDP in 2000, a brief reversal of a long‑standing deficit trend, before falling to an all‑time low of –4.70 % of GDP in 1975. Since the early 2000s the deficit has narrowed but never turned positive, reflecting a trade‑goods structure dominated by energy exports that are vulnerable to price swings and a sizable net income outflow to foreign investors. Canada’s 2025 deficit is similar to that of Uruguay (–1.37 %) and Türkiye (–1.44 %), underscoring a common pattern among resource‑rich economies with sizable external debt service obligations. Continued diversification of exports and modest improvements in the services surplus could gradually reduce the deficit, although a sustained rise in commodity prices would likely keep the balance in negative territory.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.25% | - | - |
| 2029* IMF | -0.88% | - | - |
| 2028* IMF | -1.04% | - | - |
| 2027* IMF | -1.16% | - | - |
| 2026* IMF | -1.30% | - | - |
| 2025* IMF | -1.41% | - | - |
| 2025 | -1.41% | −0.95% | #85 |
| 2024 | -0.46% | +0.17% | #109 |
| 2023 | -0.63% | −0.33% | #107 |
| 2022 | -0.29% | −0.27% | #126 |
| 2021 | -0.02% | +2.00% | #121 |
| 2020 | -2.01% | −0.06% | #90 |
| 2019 | -1.95% | +0.43% | #101 |
| 2018 | -2.39% | +0.42% | #104 |
| 2017 | -2.80% | +0.28% | #85 |
| 2016 | -3.09% | +0.40% | #94 |
| 2015 | -3.51% | −1.19% | #85 |
| 2014 | -2.32% | +0.82% | #104 |
| 2013 | -3.15% | +0.39% | #100 |
| 2012 | -3.53% | −0.82% | #93 |
| 2011 | -2.77% | +0.79% | #102 |
Detected Pattern
Analysis
Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Canada's current account balance was -1.41% in 2025. Ranked 85th globally. This represents a 206.6% decrease from the previous year.
Canada's current account balance peaked at 2.48% in 2000.
The lowest current account balance in Canada was -4.70% in 1975.
Canada ranks 85th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Canada's current account balance is projected to reach -1.41% by 2025 based on IMF projection.
The current account balance of Canada in 2025 was -1.41%. This ranks 85th in the world.
Cite this page
@misc{historysaid_canada_current-account,
title = {Canada Current Account Balance},
url = {https://historysaid.com/canada/current-account/},
publisher = {HistorySaid},
year = {2026}
}