Canada: Current account forecast
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Canada |
Current account balance forecast, percent of GDP |
---|---|
Latest value | -0.26 |
Year | 2028 |
Measure | percent |
Data availability | 1980 - 2028 |
Average | -1.26 |
Min - Max | -4.18 - 2.55 |
Source | International Monetary Fund |
The latest value from 2028 is -0.26 percent, a decline from 0 percent in 2027. In comparison, the world average is -0.95 percent, based on data from 182 countries. Historically, the average for Canada from 1980 to 2028 is -1.26 percent. The minimum value, -4.18 percent, was reached in 1981 while the maximum of 2.55 percent was recorded in 2000.
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Definition: The current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The series includes actual historical values for past years and forecast values for the current and the next few years.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Economic growth forecast | 1.68 | 2028 | percent |
Investment forecast | 23.55 | 2028 | percent |
Inflation forecast | 1.96 | 2028 | percent |
Unemployment rate forecast | 5.97 | 2028 | percent |
Budget balance forecast | -0.63 | 2028 | percent |
Current account forecast | -0.26 | 2028 | percent |