Canada Government Debt: % of GDP
1962 - 2024 | Yearly | % | CEIC Data
Key information about Canada Government Debt: % of GDP
- Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
- Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
- The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.
CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.
Related information about Canada Government Debt: % of GDP
- In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
- The country's Nominal GDP reached 520.3 USD bn in Mar 2023.
View Canada's Government Debt: % of GDP from 1962 to 2024 in the chart:
What was Canada's Government Debt: % of GDP in 2024?
Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 69.4 2024 | 66.9 2023 | 33.1 1977 | 83.6 1996 | % | yearly | 1962 - 2024 |
Government Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 52.6 Sep 2024 | quarterly | Sep 2010 - Sep 2024 |
| Algeria (%) | 48.9 2023 | yearly | 1997 - 2023 |
| Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
| Armenia (%) | 48.9 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Australia (%) | 38.0 2023 | yearly | 1999 - 2023 |
| Austria (%) | 83.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 |
| Bahrain (%) | 90.7 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Bangladesh (%) | 26.6 2024 | yearly | 2010 - 2024 |
| Belarus (%) | 35.9 Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
| Belgium (%) | 106.5 Mar 2024 | quarterly | Dec 1980 - Mar 2024 |
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 19.1 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 17.3 Jun 2023 | quarterly | Jun 2014 - Jun 2023 |
| Brazil (%) | 76.1 Dec 2024 | quarterly | Dec 2006 - Dec 2024 |
| Bulgaria (%) | 22.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Cambodia (%) | 25.3 2022 | yearly | 2013 - 2022 |
| Canada (%) | 69.4 2024 | yearly | 1962 - 2024 |
| Chile (%) | 44.0 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| China (%) | 25.1 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
| Colombia (%) | 62.2 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Croatia (%) | 59.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Cyprus (%) | 69.7 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Czech Republic (%) | 43.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Denmark (%) | 33.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Ecuador (%) | 67.4 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
| Estonia (%) | 24.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| European Union (%) | 81.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Finland (%) | 81.5 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| France (%) | 110.6 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Georgia (%) | 37.2 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Germany (%) | 62.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Ghana (%) | 72.3 2023 | yearly | 2006 - 2023 |
| Greece (%) | 158.2 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Hong Kong SAR, China (%) | 49.1 2024 | yearly | 2003 - 2024 |
| Hungary (%) | 73.6 Dec 2024 | quarterly | Dec 1990 - Dec 2024 |
| Iceland (%) | 64.2 2023 | yearly | 1998 - 2023 |
| India (%) | 58.3 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Indonesia (%) | 38.9 Sep 2024 | quarterly | Jun 2015 - Sep 2024 |
| Iran (%) | 7.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Ireland (%) | 42.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Israel (%) | 60.3 2023 | yearly | 1995 - 2023 |
| Italy (%) | 138.3 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 216.3 Dec 2024 | quarterly | Dec 1994 - Dec 2024 |
| Jordan (%) | 91.2 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Kazakhstan (%) | 21.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Kenya (%) | 67.6 Sep 2024 | quarterly | Dec 2009 - Sep 2024 |
| South Korea (%) | 45.7 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 |
| Kuwait (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kyrgyzstan (%) | 41.7 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Latvia (%) | 46.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 38.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Luxembourg (%) | 26.6 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| North Macedonia (%) | 50.4 Sep 2024 | quarterly | Dec 2009 - Sep 2024 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 64.6 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Malta (%) | 45.3 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Mauritius (%) | 77.0 Dec 2024 | quarterly | Jun 2003 - Dec 2024 |
| Mexico (%) | 47.7 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Moldova (%) | 34.7 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
| Montenegro (%) | 59.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Morocco (%) | 71.5 2022 | yearly | 1994 - 2022 |
| Nepal (%) | 39.9 2021 | yearly | 1990 - 2021 |
| Netherlands (%) | 43.2 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| New Zealand (%) | 44.3 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Nigeria (%) | 53.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Norway (%) | 44.5 2023 | yearly | 1995 - 2023 |
| Oman (%) | 37.5 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 65.2 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 116.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Panama (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Paraguay (%) | 36.6 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
| Peru (%) | 32.6 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Philippines (%) | 60.7 Dec 2024 | quarterly | Mar 1993 - Dec 2024 |
| Poland (%) | 52.3 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
| Portugal (%) | 95.3 Dec 2024 | quarterly | Dec 1995 - Dec 2024 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 53.1 Sep 2024 | quarterly | Dec 2011 - Sep 2024 |
| Russia (%) | 14.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
| Saudi Arabia (%) | 28.5 Sep 2024 | quarterly | Dec 2016 - Sep 2024 |
| Serbia (%) | 47.4 Sep 2024 | quarterly | Sep 2004 - Sep 2024 |
| Singapore (%) | 173.1 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Slovakia (%) | 60.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Slovenia (%) | 66.7 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| South Africa (%) | 75.1 Sep 2024 | quarterly | Dec 1960 - Sep 2024 |
| Spain (%) | 104.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Sri Lanka (%) | 96.9 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
| Sweden (%) | 32.0 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Switzerland (%) | 23.3 2028 | yearly | 1990 - 2028 |
| Taiwan (%) | 29.0 2023 | yearly | 1996 - 2023 |
| Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 |
| Thailand (%) | 55.9 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| Tunisia (%) | 79.8 2024 | yearly | 2016 - 2024 |
| Turkey (%) | 25.6 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Ukraine (%) | 79.4 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.8 Sep 2024 | quarterly | Jun 1993 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -5,877.764 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Tax Revenue (USD mn) | 22,682.316 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Tax Revenue: % of GDP (%) | 11.4 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| National Government Debt (USD mn) | 1,519,779.9 2024 | yearly | 1962 - 2024 |
| Government Debt: % of GDP (%) | 69.4 2024 | yearly | 1962 - 2024 |
| Forecast: Government Expenditure (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,523.743 2029 | yearly | 1980 - 2029 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,694.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Budgetary Expense (CAD mn) | -46,103.000 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Budgetary Revenue (CAD mn) | 37,890.000 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -8,213.000 Nov 2024 | monthly | May 1992 - Nov 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,035.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 573,800.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Expense (CAD mn) | 597,300.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Balance (CAD mn) | -18,400.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,000.000 2029 | yearly | 2000 - 2029 |
| Net Financing Activities (CAD mn) | 5,546.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,362,200.000 2029 | yearly | 1997 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 497.1 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Exports (USD mn) | 48,756.6 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Exports Growth (%) | 8.7 Dec 2024 | monthly | Jan 1989 - Dec 2024 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 48,259.5 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Imports Growth (%) | 6.4 Dec 2024 | monthly | Jan 1989 - Dec 2024 |
| Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 37,252.895 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Total Imports from USA (USD mn) | 29,291.289 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Total Exports to China (USD mn) | 1,638.099 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Total Imports from China (USD mn) | 3,771.461 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Coal Exports (kton) | 2,125.000 Nov 2024 | monthly | Jan 1977 - Nov 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,394.499 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,954.608 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 762,070.582 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Household Debt: % of GDP (%) | 99.2 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Money Supply M1 (USD mn) | 1,149,292.136 Nov 2024 | monthly | Mar 1975 - Nov 2024 |
| Money Supply M2 (USD mn) | 1,873,347.367 Nov 2024 | monthly | Jan 1968 - Nov 2024 |
| M2 Growth (%) | 5.8 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 90,209.0 Jan 2025 | monthly | Jun 1999 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.448 Sep 2024 | quarterly | Jun 1999 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Dec 2024 | monthly | Jun 1999 - Dec 2024 |
| Gold Reserves (USD mn) | 0.000 Jan 2025 | monthly | Dec 1956 - Jan 2025 |
| Total Deposits (USD mn) | 4,500,549.077 Nov 2024 | monthly | Jan 2009 - Nov 2024 |
| Total Deposits Growth (%) | 7.2 Nov 2024 | monthly | Jan 2010 - Nov 2024 |
| Domestic Credit (USD mn) | 4,647,257.0 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Domestic Credit Growth (%) | 3.6 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Debt Service Ratio: Households (%) | 14.400 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 24.500 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 2,195.348 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 4,731.480 Jun 2024 | quarterly | Mar 1954 - Jun 2024 |
| Household Debt (USD mn) | 2,161,804.6 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Total Loans (USD mn) | 3,156,997.288 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Total Loans Growth (%) | 3.36 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 212.59 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,638,532.000 Nov 2024 | monthly | Jan 1968 - Nov 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,618.000 Nov 2024 | monthly | Mar 1975 - Nov 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,614,350.000 Nov 2024 | monthly | Mar 1975 - Nov 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,791,352.000 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,777,254.000 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,625,309.000 Nov 2024 | monthly | Jan 1968 - Nov 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Jan 2025 | monthly | Dec 1994 - Jan 2025 |
| Official International Reserves (USD mn) | 117,896.000 Jan 2025 | monthly | Dec 1994 - Jan 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -18.8 Jan 2025 | monthly | Dec 2001 - Jan 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 47.100 Jan 2025 | monthly | Dec 2000 - Jan 2025 |
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