Canada: Trade openness

* indicates monthly or quarterly data series
 Canada

Trade openness: exports plus imports as percent of GDP

 Latest value 66.71
 Year 2022
 Measure percent
 Data availability 1961 - 2022
 Average 56.26
 Min - Max 35.42 - 82.77
 Source The World Bank
For that indicator, we provide data for Canada from 1961 to 2022. The average value for Canada during that period was 56.26 percent with a minimum of 35.42 percent in 1963 and a maximum of 82.77 percent in 2000. The latest value from 2022 is 66.71 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Canada - Trade openness - Recent values chart

Historical chart
Canada - Trade openness - historical chart - 1961-2022




Definition: Exports plus imports as percent of GDP.

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 Related indicators Latest value Reference Measure
 Terms of trade 111.00 2021 percent
 Trade openness 66.71 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 33.85 2022 percent
 Exports, billion dollars 722.51 2022 billion U.S. dollars
 Growth of exports 3.20 2022 percent
 Imports, percent of GDP 33.71 2022 percent
 Imports, billion dollars 719.33 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.31 2022 percent
 Foreign Direct Investment, billion dollars 53.71 2022 billion U.S. dollars
 Portfolio investment inflows, equities -9,196.90 2022 million dollars (current)
 Current account, percent of GDP -0.61 2023 percent
 Current account, in dollars -6.65 2022 billion U.S. dollars
 Trade balance, percent of GDP 0.13 2022 percent
 Trade balance, in dollars 3.08 2022 billion U.S. dollars
 Reserves 106.95 2022 billion U.S. dollars
 Remittances, percent of GDP 0.04 2022 percent
 Remittances 861.83 2022 million U.S. dollars
 Net errors and omissions 1,162.76 2022 million USD
 Foreign exchange reserves 112.45 9/2023 billion
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