Canada Tax Revenue: % of GDP
1996 - 2024 | Quarterly | % | CEIC Data
Key information about Canada Tax revenue: % of GDP
- Canada Tax revenue: % of GDP was reported at 13.0 % in Dec 2024.
- This records an increase from the previous number of 11.4 % for Sep 2024.
- Canada Tax revenue: % of GDP data is updated quarterly, averaging 12.4 % from Mar 1996 to Dec 2024, with 116 observations.
- The data reached an all-time high of 16.1 % in Jun 1998 and a record low of 9.8 % in Sep 2013.
- Canada Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
- The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.
CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Department of Finance Canada provides Tax Revenue in local currency. Statistics Canada provides Nominal GDP in local currency.
View Canada's Tax Revenue: % of GDP from Mar 1996 to Dec 2024 in the chart:
What was Canada's Tax Revenue: % of GDP in Dec 2024?
Canada Tax revenue: % of GDP was reported at 13.0 % in Dec 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 13.0 Dec 2024 | 11.4 Sep 2024 | 9.8 Sep 2013 | 16.1 Jun 1998 | % | quarterly | Mar 1996 - Dec 2024 |
Tax Revenue: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 19.2 2023 | yearly | 2008 - 2023 |
| Algeria (%) | 4.8 2023 | yearly | 1997 - 2023 |
| Argentina (%) | 16.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Armenia (%) | 25.1 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Australia (%) | 29.8 Dec 2024 | quarterly | Sep 2002 - Dec 2024 |
| Austria (%) | 28.4 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Azerbaijan (%) | 17.5 2024 | yearly | 1993 - 2024 |
| Bahrain (%) | 5.3 2023 | yearly | 1990 - 2023 |
| Bangladesh (%) | 7.4 2024 | yearly | 2006 - 2024 |
| Belarus (%) | 21.7 Sep 2021 | quarterly | Mar 2009 - Sep 2021 |
| Belgium (%) | 29.2 2023 | yearly | 1980 - 2023 |
| Bolivia (%) | 18.0 2023 | yearly | 1990 - 2023 |
| Bosnia and Herzegovina (%) | 21.6 2023 | yearly | 2005 - 2023 |
| Botswana (%) | 34.2 Jun 2023 | quarterly | Jun 2007 - Jun 2023 |
| Brazil (%) | 16.7 Dec 2024 | quarterly | Sep 1994 - Dec 2024 |
| Brunei (%) | 1.8 2023 | yearly | 2010 - 2023 |
| Bulgaria (%) | 28.7 Dec 2024 | quarterly | Mar 2003 - Dec 2024 |
| Cambodia (%) | 13.5 2022 | yearly | 2009 - 2022 |
| Canada (%) | 13.0 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| Chile (%) | 19.4 2023 | yearly | 1990 - 2023 |
| China (%) | 11.6 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Colombia (%) | 13.2 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Croatia (%) | 26.1 Dec 2019 | quarterly | Mar 2015 - Dec 2019 |
| Cyprus (%) | 28.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Czech Republic (%) | 18.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Denmark (%) | 43.0 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Ecuador (%) | 14.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Egypt (%) | 5.5 2023 | yearly | 2005 - 2023 |
| Estonia (%) | 23.3 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| European Union (%) | 25.8 2023 | yearly | 1995 - 2023 |
| Finland (%) | 31.7 Dec 2024 | quarterly | Mar 1999 - Dec 2024 |
| France (%) | 16.4 Dec 2024 | quarterly | Mar 2006 - Dec 2024 |
| Georgia (%) | 22.7 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Germany (%) | 24.3 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
| Ghana (%) | 13.9 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Greece (%) | 26.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Hong Kong SAR, China (%) | 24.1 Dec 2024 | quarterly | Sep 1979 - Dec 2024 |
| Hungary (%) | 23.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Iceland (%) | 32.1 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| India (%) | 6.8 Dec 2024 | quarterly | Jun 1997 - Dec 2024 |
| Indonesia (%) | 11.8 Dec 2024 | quarterly | Mar 2014 - Dec 2024 |
| Iran (%) | 4.2 2022 | yearly | 1996 - 2022 |
| Ireland (%) | 17.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Israel (%) | 22.7 Dec 2024 | quarterly | Mar 2001 - Dec 2024 |
| Italy (%) | 28.3 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Ivory Coast (%) | 13.1 2023 | yearly | 1960 - 2023 |
| Japan (%) | 13.3 Dec 2024 | quarterly | Jun 1983 - Dec 2024 |
| Jordan (%) | 15.2 2018 | yearly | 1999 - 2018 |
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Kenya (%) | 7.0 2023 | yearly | 2006 - 2023 |
| South Korea (%) | 12.2 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Kosovo (%) | 24.8 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Kuwait (%) | 1.1 2023 | yearly | 1986 - 2023 |
| Kyrgyzstan (%) | 17.8 Dec 2024 | quarterly | Mar 2007 - Dec 2024 |
| Laos (%) | 13.0 2023 | yearly | 2012 - 2023 |
| Latvia (%) | 23.8 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Lebanon (%) | 10.9 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 19.4 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Luxembourg (%) | 29.4 2023 | yearly | 1995 - 2023 |
| Macau SAR, China (%) | 22.8 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | 17.9 Dec 2024 | quarterly | Mar 2004 - Dec 2024 |
| Malawi (%) | 12.8 2022 | yearly | 2009 - 2022 |
| Malaysia (%) | 13.2 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Malta (%) | 24.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mauritius (%) | 21.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Mexico (%) | 13.6 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | 21.0 2023 | yearly | 2004 - 2023 |
| Mongolia (%) | 24.3 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Montenegro (%) | 24.9 Dec 2024 | quarterly | Mar 2012 - Dec 2024 |
| Morocco (%) | 21.4 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Mozambique (%) | 18.2 2016 | yearly | 1996 - 2016 |
| Myanmar (%) | 4.4 2021 | yearly | 2005 - 2021 |
| Nepal (%) | 19.1 2018 | yearly | 2001 - 2018 |
| Netherlands (%) | 26.6 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| New Zealand (%) | 30.2 2023 | yearly | 1999 - 2023 |
| Norway (%) | 31.4 Dec 2024 | quarterly | Mar 2002 - Dec 2024 |
| Oman (%) | 4.6 2023 | yearly | 1996 - 2023 |
| Pakistan (%) | 5.7 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 21.4 2020 | yearly | 2005 - 2020 |
| Panama (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Paraguay (%) | 12.1 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Peru (%) | 14.5 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Philippines (%) | 13.1 Dec 2024 | quarterly | Mar 1985 - Dec 2024 |
| Poland (%) | 14.8 Dec 2024 | quarterly | Mar 2007 - Dec 2024 |
| Portugal (%) | 21.9 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Russia (%) | 21.4 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Serbia (%) | 35.3 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Singapore (%) | 10.4 Dec 2024 | quarterly | Dec 1987 - Dec 2024 |
| Slovakia (%) | 14.9 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Slovenia (%) | 21.7 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| South Africa (%) | 21.6 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Spain (%) | 23.6 2023 | yearly | 1995 - 2023 |
| Sri Lanka (%) | 13.1 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
| Sudan (%) | 5.6 2021 | yearly | 2001 - 2021 |
| Sweden (%) | 21.2 2023 | yearly | 1995 - 2023 |
| Switzerland (%) | 26.7 2022 | yearly | 1990 - 2022 |
| Taiwan (%) | 11.8 Dec 2024 | quarterly | Mar 1975 - Dec 2024 |
| Tajikistan (%) | 20.5 2016 | yearly | 2000 - 2016 |
| Thailand (%) | 13.2 2023 | yearly | 1990 - 2023 |
| Tunisia (%) | 25.4 2023 | yearly | 1991 - 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Dec 2024 | quarterly | Jun 1993 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | 703.306 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Tax Revenue (USD mn) | 26,706.675 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 13.0 Dec 2024 | quarterly | Mar 1996 - Dec 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) | 38,049.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,472.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Revenue (CAD mn) | 44,335.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 1,002.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Expense (CAD mn) | -43,333.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 612,800.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Expense (CAD mn) | 643,700.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Balance (CAD mn) | -23,000.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 84,700.000 2030 | yearly | 2000 - 2030 |
| Net Financing Activities (CAD mn) | 18,326.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,435,700.000 2030 | yearly | 1997 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 2,760.8 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports (USD mn) | 51,751.0 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports Growth (%) | 20.3 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 8,523,307.384 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,163,157.014 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 48,990.2 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports Growth (%) | 14.1 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Imports: Medicament (USD th) | 11,834,156.934 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 7,945,480.562 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 40,444.298 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports from USA (USD mn) | 30,440.336 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Exports to China (USD mn) | 2,133.435 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Imports from China (USD mn) | 3,731.323 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| 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) | 844,825.938 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| 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 (%) | 99.0 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply M1 (USD mn) | 1,118,688.194 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply M2 (USD mn) | 1,832,025.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| M2 Growth (%) | 6.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 91,801.0 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.192 Dec 2024 | quarterly | Jun 1999 - Dec 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Jan 2025 | monthly | Jun 1999 - Jan 2025 |
| Gold Reserves (USD mn) | 0.000 Feb 2025 | monthly | Dec 1956 - Feb 2025 |
| Total Deposits (USD mn) | 4,370,496.703 Dec 2024 | monthly | Jan 2009 - Dec 2024 |
| Total Deposits Growth (%) | 6.1 Dec 2024 | monthly | Jan 2010 - Dec 2024 |
| Domestic Credit (USD mn) | 4,531,668.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Domestic Credit Growth (%) | 3.9 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Debt Service Ratio: Households (%) | 14.400 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.200 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Credit to Households (USD bn) | 2,245.143 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 4,889.449 Sep 2024 | quarterly | Mar 1954 - Sep 2024 |
| Household Debt (USD mn) | 2,110,945.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans (USD mn) | 3,076,370.833 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans Growth (%) | 3.38 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 212.62 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,911.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,648,681.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,817,749.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,638,116.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Official International Reserves (USD mn) | 119,595.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 2.8 Feb 2025 | monthly | Dec 2001 - Feb 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 55.300 Feb 2025 | monthly | Dec 2000 - Feb 2025 |
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