Canada Household Debt: % of GDP

Key information about Canada Household Debt: % of GDP

• Canada household debt accounted for 99.2 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 98.9 % in the previous quarter.
• Canada household debt to GDP ratio is updated quarterly, available from Mar 1969 to Sep 2024.
• The data reached an all-time high of 111.2 % in Dec 2020 and a record low of 30.0 % in Mar 1969.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. Statistics Canada provides Household Debt in local currency. Statistics Canada provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to Q1 1990 is sourced from the Bank of Canada.


Related information about Canada Household Debt: % of GDP

• In the latest reports, Canada Household Debt reached 2,162.0 USD bn in Oct 2024.
• Money Supply M2 in Canada increased 6.1 % YoY in Oct 2024.
• Canada Foreign Exchange Reserves was measured at 93.9 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 2.0 Months of Import in Nov 2024.
• Canada Domestic Credit reached 4,647.3 USD bn in Nov 2024, representing an increased of 3.6 % YoY.
• The country's Non Performing Loans Ratio stood at 0.5 % in Jun 2024, compared with the ratio of 0.5 % in the previous quarter.

View Canada's Household Debt: % of GDP from Mar 1969 to Sep 2024 in the chart:

What was Canada's Household Debt: % of GDP in Sep 2024?

Canada household debt accounted for 99.2 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 98.9 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
99.2 Sep 2024	98.9 Jun 2024	30.0 Mar 1969	111.2 Dec 2020	%	quarterly	Mar 1969 - Sep 2024

Household Debt: % of GDP by Country Comparison

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