Canada General Government Structural Balance (% Potential GDP) Statistics

23, Apr 2019, EDT.

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Country or Region: Canada › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Canada indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Canadian Dollar
Currency Symbol: CAD

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Canada , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Canada in year 2015 is -1.283 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Canada No. 26 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Canada is 0.39 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Canada was -0.54 % General Government Structural Balance (% Potential GDP) for Canada in 2015 was or will be 138.92% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Canada was or will be -1.96 %, which is 52.77% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Canada, in other Years
Year %
  2021 -0.055
  2020 -0.434
  2019 -0.746
  2018 -1.122
  2017 -1.492
  2016 -1.96
2015 -1.283
  2014 -0.537
  2013 -1.415
  2012 -1.855
  2011 -2.693
  2010 -3.396
  2009 -1.809
  2008 -0.379
  2007 0.74
  2006 0.719
  2005 0.635
  2004 0.216
  2003 -0.419
  2002 -0.945
  2001 -0.177
  2000 1.189
  1999 1.207
  1998 0.692
  1997 0.993
  1996 -1.376
  1995 -4.357
  1994 -5.561
  1993 -6.084
  1992 -5.976
  1991 -6.062
  1990 -6.736
  1989 -6.903
  1988 -6.813
  1987 -6.932
  1986 -7.559
  1985 -9.035
  1984 -6.826
  1983 -4.892
  1982 -3.746
  1981 -12.714
  1980 -4.112