Canada recorded a Current Account deficit of 2.60 percent of the country’s Gross Domestic Product in 2018. Current Account to GDP in Canada averaged -1.46 percent from 1980 until 2018, reaching an all time high of 2.70 percent in 2000 and a record low of -4.20 percent in 1981. 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. This page provides – Canada Current Account to GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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