Canada recorded a Current Account deficit of 1 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Canada averaged -1.42 percent of GDP from 1980 until 2024, reaching an all time high of 2.60 percent of GDP in 2000 and a record low of -4.20 percent of GDP in 1981. source: Statistics Canada
Current Account to GDP in Canada is expected to reach -1.20 percent of GDP by the end of 2025, 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 -1.40 percent of GDP in 2026 and -1.70 percent of GDP in 2027, according to our econometric models.