Overview
Discussions Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
2.70% on Dec 31, 2000
Lowest
−4.20% on Dec 31, 1981
About 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.