A few Numbers

 Chatting with COPILOT:

How much do Canadians spend as tourists in th USA every year?

Canadians are avid travelers to the United States, with over 20 million Canadians visiting the U.S. annually. They spend nearly $20 billion dollars during their trips. This includes expenses on accommodations, food, entertainment, shopping, and more.

It's fascinating to see how much Canadians contribute to the U.S. tourism industry! If you have any other questions or need more information, feel free to ask.

Do these expenses show up in balance of trade statistics?

Yes, the expenses of Canadian tourists in the United States do show up in balance of trade statistics. These expenses are considered part of the "travel exports" for the United States, as they represent spending by foreign visitors within the country. This spending contributes to the U.S. trade balance with Canada. For example, in 2018, Canadian tourists spent $16.4 billion in the U.S., which contributed to a $12.9 billion travel trade surplus for the United States with Canada.

Can you find more recent figures on this for me?

Sure! According to the most recent data, Canadian residents spent approximately $5.3 billion on trips to the United States in the third quarter of 2022. This was a significant increase from the $545.9 million spent in the same quarter of 2021.