Balance of Payments: Current account balance (credit less debit) for Canada
CANBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.90
Year-over-Year Change
-62.05%
Date Range
1/1/1980 - 1/1/2030
Summary
The 'Balance of Payments: Current account balance (credit less debit) for Canada' measures Canada's net trade and investment flows with the rest of the world. It is an important economic indicator used to assess the country's external accounts and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance represents the net value of Canada's imports and exports of goods, services, and investment income. A surplus indicates Canada is a net lender to the global economy, while a deficit signals it is a net borrower and relies on foreign capital inflows.
Methodology
The data is collected and calculated by Statistics Canada from various public and private sources.
Historical Context
The current account balance is closely monitored by policymakers, investors, and analysts to gauge Canada's economic health and external position.
Key Facts
- Canada's current account balance was $7.4 billion in Q4 2022.
- The current account has been in deficit for most of the past two decades.
- Volatile energy prices and global trade flows impact the Canadian current account.
FAQs
Q: What does this economic trend measure?
A: The 'Balance of Payments: Current account balance (credit less debit) for Canada' measures the net value of Canada's imports and exports of goods, services, and investment income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is an important indicator of Canada's external economic position and competitiveness, and is closely monitored by policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada from various public and private sources.
Q: How is this trend used in economic policy?
A: The current account balance is used by policymakers to assess Canada's economic health and external position, and to inform decisions on trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The current account balance data is released quarterly with a delay of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Leading Indicators OECD: Leading Indicators: Composite Leading Indicator: Amplitude Adjusted for Canada
CANLOLITOAASTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Canada
CANCP050000GYQ
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Canada
CANCP040100GPM
Sales: Retail trade: Total retail trade: Volume for Canada
CANSLRTTO01MLM
Outstanding Domestic Public Debt Securities to GDP for Canada
DDDM04CAA156NWDB
Leading Indicators OECD: Component Series: Business Tendencies Survey: Business Situation: Normalised for Canada
CANLOCOBSNOSTSAM
Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Canada (CANBCAGDPBP6), retrieved from FRED.