Canada's net secondary income (net current transfers from abroad) (current US$) was −US$4.56 billion in 2025, the latest year in the World Bank's World Development Indicators. That is down 39.19% from −US$3.28 billion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$4.56 billion | 2025 |
| Five years earlier | −US$4.77 billion | 2020 |
| Ten years earlier | −US$3.28 billion | 2015 |
| Highest | US$403.54 million | 2001 |
| Lowest | −US$5.92 billion | 2023 |
| Average since 2016 | −US$3.42 billion | 2016–2025 |
| First recorded | −US$138.35 million |
What the numbers say
In 2025, Canada's net secondary income (net current transfers from abroad) (current US$) fell US$2.95 billion on 2024 (from −US$1.62 billion to −US$4.56 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was −US$21.04 million and a typical year strayed about US$1.25 billion from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$4.31 billion in 2024 and the biggest yearly fall was US$2.95 billion in 2025. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 19% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Canada had the 121st highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Canada in the 2025 ranking
- Bahrain — 117th of 130: −US$2.78 billion
- Hong Kong SAR, China — 118th of 130: −US$3.01 billion
- Libya — 119th of 130: −US$4.25 billion
- Korea, Rep. — 121st of 130: −US$4.87 billion
- Denmark — 122nd of 130: −US$5.69 billion
- Russian Federation — 123rd of 130: −US$7.53 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 56 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2025 | -4,564,032,739 |
| 2024 | -1,616,813,970 |
| 2023 | -5,923,363,818 |
| 2022 | -3,492,745,821 |
| 2021 | -4,064,992,338 |
| 2020 | -4,767,540,737 |
| 2019 | -2,243,001,875 |
| 2018 | -2,538,982,930 |
| 2017 | -3,363,802,619 |
| 2016 | -1,603,783,706 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Bermuda — −US$229 million (2024)
- United States — −US$273.12 billion (2024)
More economic policy & debt data for Canada
- Trade in services (% of GDP) — 14.75% (2025)
- Communications, computer, etc. (% of service imports, BoP) — 48.08% (2025)
- Primary income payments (BoP, current US$) — US$196.83 billion (2025)
- Imports of goods and services (current US$, BoP) — US$747.73 billion (2025)
- Goods imports (current US$, BoP) — US$577.62 billion (2025)
- Service imports (current US$, BoP) — US$170.11 billion (2025)
- Imports of goods, services and primary income (current US$, BoP) — US$944.56 billion (2025)
- Transport services (% of service imports, BoP) — 16.84% (2025)
- Travel services (% of service imports, BoP) — 25.55% (2025)
Reading data like this
Questions people ask
- What is Canada's net secondary income (net current transfers from abroad) (current US$)?
- −US$4.56 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is down 3,199% from −US$138.35 million in 1970. The highest value was US$403.54 million in 2001 and the lowest −US$5.92 billion in 2023.
- How does Canada rank?
- 121st highest of 130 economies with data for 2025.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Canada?
- In 2025, Canada's net secondary income (net current transfers from abroad) (current US$) fell US$2.95 billion on 2024 (from −US$1.62 billion to −US$4.56 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was −US$21.04 million and a typical year strayed about US$1.25 billion from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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