Services, Debit/Expenditure in Canada

Canada: Services, Debit/Expenditure was 160.06 billion in 2024. β–² Rising

Latest (2024)
160.06 billion
Change on year
up 4.9%
World rank
15th
of 198 countries
All-time high
160.06 billion
in 2024
All-time low
65.19 billion
in 2005
Years of data
20
2005–2024

Services, Debit/Expenditure in Canada, 2005–2024

050.0B100.0B150.0B2005201420242005: 65.2B2006: 72.9B2007: 82.6B2008: 89.9B2009: 83.2B2010: 98.4B2011: 107.4B2012: 114.0B2013: 115.6B2014: 114.2B2015: 105.0B2016: 104.5B2017: 111.9B2018: 122.2B2019: 126.6B2020: 104.8B2021: 122.1B2022: 145.2B2023: 152.5B2024: 160.1B

Source: International Monetary Fund.

Analysis

The most recent figure for services, debit/expenditure in Canada is 160.06 billion, measured in 2024. That is the highest value across all 20 years on record.

Compared with earlier readings it is up 4.9% on the previous year and up 40.1% over ten years.

Over the whole period, services, debit/expenditure in Canada peaked at 160.06 billion in 2024 and was at its lowest, 65.19 billion, in 2005.

Canada ranks 15th of 198 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 20 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 78.78 billion 65.19 billion 89.93 billion 5
2010s 112.00 billion 98.44 billion 126.63 billion 10
2020s 136.92 billion 104.75 billion 160.06 billion 5

Countries ranked near Canada

  1. 12 Belgium 164.25 billion compare
  2. 13 Korea, Republic of 162.65 billion compare
  3. 14 Italy 160.17 billion compare
  4. 16 Sweden 126.12 billion compare
  5. 17 Denmark 125.46 billion compare
  6. 18 Luxembourg 116.58 billion compare

See the full ranking of 207 places β†’

More trade data for Canada

All data for Canada β†’

Frequently asked questions

What is services, debit/expenditure in Canada?
Services, debit/expenditure in Canada was 160.06 billion in 2024, according to International Monetary Fund.
What is the highest services, debit/expenditure recorded in Canada?
The highest recorded value was 160.06 billion in 2024.
What is the lowest services, debit/expenditure recorded in Canada?
The lowest recorded value was 65.19 billion in 2005.
How does Canada rank for services, debit/expenditure?
Canada ranks 15th out of 198 countries with data for 2024.
Is services, debit/expenditure rising or falling in Canada?
Over the last ten years it is up 40.1%. The long-run trend across the full record is rising.
Where does this Canada data come from?
The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.

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Services, Debit/Expenditure in Canada. Statizoid, drawing on International Monetary Fund. Retrieved 18 August 2026, from https://trade.statizoid.com/stat/services-debit-expenditure-us-dollar/canada/

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About this data

Indicator
Services, Debit/Expenditure (US dollar)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
207 places, 3,864 data points, 2005–2024
Last refreshed

The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.