Canada current account to gdp

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Canada current account to gdp: -0.6 (50%)
Last Update: December 31, 2023

Canada current account to gdp closed down -0.6 as of December 31, 2023 from -0.4 from the previous month and -2.8 from last year.


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Canada current account to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Canada current account to gdp

Date Values
2023-12-31 -0.6
2022-12-31 -0.4
2021-12-31 -0.3
2020-12-31 -1.9
2019-12-31 -2.1
2018-12-31 -2.5
2017-12-31 -2.8
2016-12-31 -3.1
2015-12-31 -3.5
2014-12-31 -2.4
2013-12-31 -3.2
2012-12-31 -3.6
2011-12-31 -2.8
2010-12-31 -3.5
2009-12-31 -2.9
2008-12-31 0.4
2007-12-31 0.8
2006-12-31 1.4
2005-12-31 1.9
2004-12-31 2.3
2003-12-31 1.2
2002-12-31 1.7
2001-12-31 2.3
2000-12-31 2.7

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Canada current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp ca.currentaccountgdp -0.6 -0.4 50 -79 UP UP 0 2023-12-31

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Canada current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Canada current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Canada current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Canada current account to gdp

The current account to GDP ratio in Canada measures the country's trade balance in relation to its overall economic output. A positive current account to GDP ratio indicates that Canada is exporting more goods and services than it is importing, resulting in a surplus. This surplus can be beneficial for the economy as it indicates that Canada is earning more foreign currency than it is spending, which can help boost economic growth and stability. On the other hand, a negative current account to GDP ratio suggests that Canada is importing more goods and services than it is exporting, leading to a deficit. This deficit can put pressure on the economy and potentially lead to a decrease in the value of the Canadian dollar. Overall, monitoring the current account to GDP ratio is important for assessing the health of Canada's international trade relationships and overall economic performance.

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