Canada: Trade in services (% of GDP)

Key figures

What the numbers say

In 2025, Canada's trade in services (% of GDP) fell 0.11 percentage points on 2024 (from 14.86% to 14.75%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.19 percentage points and a typical year strayed about 0.55 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1.63 percentage points in 2023 and the biggest yearly fall was 1.59 percentage points in 2020. 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 the straight-line trend is upward, about 0.24 percentage points a year. A straight line explains 47% of the movement over 10 observed years.

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 95th highest value of the 135 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

• India — 92nd of 135: 15.54%
• Saudi Arabia — 93rd of 135: 15.51%
• New Zealand — 94th of 135: 15.07%
• Iraq — 96th of 135: 14.69%
• Viet Nam — 97th of 135: 13.76%
• Italy — 98th of 135: 13.54%

What this measures

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 66 values

Trade in services (% of GDP) in nearby economies

• Bermuda — 34.51% (2024)
• United States — 6.98% (2025)

More economic policy & debt data for Canada

• 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$944.56 billion (2025)
• Transport services (% of service imports, BoP) — 16.84% (2025)
• Travel services (% of service imports, BoP) — 25.55% (2025)
• Current account balance (current US$, BoP) — −US$22.29 billion (2025)

Reading data like this

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Questions people ask

What is Canada's trade in services (% of GDP)?

14.75% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 8.16 percentage points from 6.59% in 1960. The highest value was 14.86% in 2024 and the lowest 5.69% in 1963.

How does Canada rank?

95th highest of 135 economies with data for 2025.

Is the latest change in trade in services (% of GDP) unusual for Canada?

In 2025, Canada's trade in services (% of GDP) fell 0.11 percentage points on 2024 (from 14.86% to 14.75%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.19 percentage points and a typical year strayed about 0.55 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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