Imports of Services (BoP, USD) rose 6.8458632190963% to USD 108 bil in Canada in 2017

Imports of Services (BoP, USD) (USD bil)
Economy | Canada | May 17, 2019
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Imports of services as a part of balance of payment reached 108 USD bil in 2017 in Canada, according to the National Statistical Office. This is 6.85 % more than in the previous year.

Historically, imports of services as a part of balance of payment in Canada reached an all time high of 113 USD bil in 2013 and an all time low of 1.43 USD bil in 1962. When compared to Canada's main peers, imports of services as a part of balance of payment in Australia amounted to 68.5 USD bil, 37.5 USD bil in Mexico, 212 USD bil in United Kingdom and 542 USD bil in USA in 2017.

Canada has been ranked 16th within the group of 156 countries we follow in terms of imports of services as a part of balance of payment, 3 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Imports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia USD bil 62.4 66.8 67.8 67.8 63.7
Belgium USD bil 95.2 97.9 104 118 107
Belize USD bil 0.171 0.188 0.208 0.225 0.221
Canada USD bil 107 112 113 111 101
China USD bil 248 281 331 433 436
France USD bil 203 203 228 253 233
Germany USD bil 296 294 328 332 295
Guatemala USD bil 2.52 2.54 2.76 3.03 3.16
Honduras USD bil 1.45 1.65 1.69 1.65 1.67
Indonesia USD bil 31.7 34.2 35.0 33.5 30.9
Ireland USD bil 116 112 118 145 170
Japan USD bil 176 185 171 193 179
Malaysia USD bil 38.3 43.3 45.1 45.3 40.2
Mexico USD bil 31.4 31.3 32.2 34.5 32.6
New Zealand USD bil 12.1 12.4 12.7 13.2 11.8
Papua New Guinea USD bil 2.96 3.73 3.89 2.29 1.33
USA USD bil 436 452 461 481 492
United Kingdom USD bil 194 196 208 222 217