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.


Canada current account to gdp Analytics & Data




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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 Canada current account to GDP ratio is a key macroeconomic indicator that assesses the balance of international trade and financial transactions of the Canadian economy in relation to its overall economic output. This indicator measures the ratio between the current account balance - encompassing trade in goods and services, primary income, and secondary income such as remittances and grants - and the Gross Domestic Product (GDP) of Canada. A positive current account to GDP ratio indicates that Canada is a net lender to the rest of the world, while a negative ratio signifies that the country is a net borrower from the global economy. Analyzing the Canada current account to GDP ratio provides valuable insights into the country's external economic imbalances, competitiveness, and sustainability of economic growth. A