Canada Current Account To GDPCanada Current Account To GDPCanada Current Account To GDP

Canada Current Account To GDP

−0.6% of GDPR
−0.2
% of GDP
No trades
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Key data points


Last release
Observation period
2023
Next release
Forecast
Highest
2.70% of GDP on Dec 31, 2000
Lowest
−4.20% of GDP on Dec 31, 1981

About Canada Current Account To GDP


Category
Trade
Frequency
Annual
Units
% of 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.

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