Canada Government Debt: % of GDP
1962 - 2024 | Yearly | % | CEIC Data
Key information about Canada Government Debt: % of GDP
- Canada Government debt accounted for 69.6 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 67.8 % 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 1,501.0 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 69.6 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 67.8 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 69.6 2024 | 67.8 2023 | 33.1 1977 | 83.6 1996 | % | yearly | 1962 - 2024 |
Government Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 57.1 Dec 2023 | quarterly | Sep 2010 - Dec 2023 |
| Algeria (%) | 48.9 2023 | yearly | 1997 - 2023 |
| Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
| Armenia (%) | 48.5 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
| Australia (%) | 38.1 2023 | yearly | 1999 - 2023 |
| Austria (%) | 79.7 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 |
| Bahrain (%) | 90.8 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Bangladesh (%) | 23.6 2023 | yearly | 2010 - 2023 |
| Belarus (%) | 35.9 Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
| Belgium (%) | 108.2 Mar 2024 | quarterly | Dec 1980 - Mar 2024 |
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 19.1 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 17.2 Jun 2023 | quarterly | Jun 2014 - Jun 2023 |
| Brazil (%) | 77.8 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Bulgaria (%) | 22.6 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Cambodia (%) | 25.3 2022 | yearly | 2013 - 2022 |
| Canada (%) | 69.6 2024 | yearly | 1962 - 2024 |
| Chile (%) | 40.0 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| China (%) | 24.0 Mar 2024 | quarterly | Mar 2014 - Mar 2024 |
| Colombia (%) | 58.8 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Croatia (%) | 63.3 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Cyprus (%) | 76.1 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Czech Republic (%) | 43.3 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Denmark (%) | 34.0 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Ecuador (%) | 66.1 Mar 2024 | quarterly | Dec 2005 - Mar 2024 |
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
| Estonia (%) | 23.3 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| European Union (%) | 82.0 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Finland (%) | 77.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| France (%) | 110.6 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Georgia (%) | 38.0 Mar 2024 | quarterly | Mar 2006 - Mar 2024 |
| Germany (%) | 62.4 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Ghana (%) | 70.7 2022 | yearly | 2006 - 2022 |
| Greece (%) | 159.8 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
| Hong Kong SAR, China (%) | 50.2 2023 | yearly | 2003 - 2023 |
| Hungary (%) | 76.1 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Iceland (%) | 64.2 2023 | yearly | 1998 - 2023 |
| India (%) | 58.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Indonesia (%) | 39.4 Jun 2024 | quarterly | Jun 2015 - Jun 2024 |
| Iran (%) | 7.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Ireland (%) | 42.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Israel (%) | 60.3 2023 | yearly | 1995 - 2023 |
| Italy (%) | 139.6 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 217.2 Mar 2024 | quarterly | Dec 1994 - Mar 2024 |
| Jordan (%) | 89.1 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Kazakhstan (%) | 21.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Kenya (%) | 68.3 Mar 2023 | quarterly | Dec 2009 - Mar 2023 |
| South Korea (%) | 45.7 Mar 2024 | quarterly | Sep 2002 - Mar 2024 |
| Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 |
| Kuwait (%) | 0.4 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Kyrgyzstan (%) | 45.6 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Latvia (%) | 44.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 40.1 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Luxembourg (%) | 25.7 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| North Macedonia (%) | 54.8 Mar 2024 | quarterly | Dec 2009 - Mar 2024 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 65.4 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Malta (%) | 50.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Mauritius (%) | 69.3 Dec 2023 | quarterly | Jun 2003 - Dec 2023 |
| Mexico (%) | 48.2 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Moldova (%) | 35.1 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
| Montenegro (%) | 59.7 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Morocco (%) | 71.5 2022 | yearly | 1994 - 2022 |
| Nepal (%) | 39.9 2021 | yearly | 1990 - 2021 |
| Netherlands (%) | 43.9 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
| New Zealand (%) | 41.7 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
| Nigeria (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Norway (%) | 44.3 2023 | yearly | 1995 - 2023 |
| Oman (%) | 41.2 2022 | yearly | 1990 - 2022 |
| Pakistan (%) | 72.4 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (%) | 124.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Panama (%) | 59.2 Mar 2024 | quarterly | Dec 2007 - Mar 2024 |
| Paraguay (%) | 35.7 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
| Peru (%) | 32.7 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Philippines (%) | 60.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Poland (%) | 51.4 Mar 2024 | quarterly | Dec 2002 - Mar 2024 |
| Portugal (%) | 101.5 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 51.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
| Russia (%) | 14.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
| Saudi Arabia (%) | 27.8 Mar 2024 | quarterly | Dec 2016 - Mar 2024 |
| Serbia (%) | 51.1 Mar 2024 | quarterly | Sep 2004 - Mar 2024 |
| Singapore (%) | 174.1 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Slovakia (%) | 56.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Slovenia (%) | 70.7 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
| South Africa (%) | 74.1 Mar 2024 | quarterly | Dec 1960 - Mar 2024 |
| Spain (%) | 108.9 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Sri Lanka (%) | 104.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
| Sweden (%) | 30.2 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Switzerland (%) | 25.3 2027 | yearly | 1990 - 2027 |
| Taiwan (%) | 29.1 2023 | yearly | 1996 - 2023 |
| Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 |
| Thailand (%) | 55.8 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Tunisia (%) | 79.7 Dec 2021 | monthly | Apr 2011 - Dec 2021 |
| Turkey (%) | 28.5 Mar 2024 | quarterly | Dec 2001 - Mar 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 (%) | -1.9 Jun 2024 | quarterly | Jun 1993 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | 685.151 Jun 2024 | monthly | May 1992 - Jun 2024 |
| Tax Revenue (USD mn) | 24,008.756 Jun 2024 | monthly | Jan 1996 - Jun 2024 |
| Tax Revenue: % of GDP (%) | 13.2 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| National Government Debt (USD mn) | 1,501,047.3 2024 | yearly | 1962 - 2024 |
| Government Debt: % of GDP (%) | 69.6 2024 | yearly | 1962 - 2024 |
| Forecast: Government Expenditure (CAD bn) | 1,516.003 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,500.939 2029 | yearly | 1980 - 2029 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 939.000 Jun 2024 | monthly | May 1992 - Jun 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 32,904.000 Jun 2024 | monthly | Jan 1996 - Jun 2024 |
| Budgetary Revenue (CAD mn) | 40,826.000 Jun 2024 | monthly | May 1992 - Jun 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 5,807.000 Jun 2024 | monthly | Jan 1996 - Jun 2024 |
| Budgetary Expense (CAD mn) | -39,887.000 Jun 2024 | monthly | May 1992 - Jun 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) | 1,853.000 Jun 2024 | monthly | Jan 1996 - Jun 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 (%) | 3.047 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 465.7 Jun 2024 | monthly | Jan 1988 - Jun 2024 |
| Total Exports (USD mn) | 48,631.2 Jun 2024 | monthly | Jan 1988 - Jun 2024 |
| Total Exports Growth (%) | 10.1 Jun 2024 | monthly | Jan 1989 - Jun 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) | 48,165.4 Jun 2024 | monthly | Jan 1988 - Jun 2024 |
| Total Imports Growth (%) | 1.0 Jun 2024 | monthly | Jan 1989 - Jun 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) | 36,975.046 Jun 2024 | monthly | Jan 1988 - Jun 2024 |
| Total Imports from USA (USD mn) | 30,130.974 Jun 2024 | monthly | Jan 1997 - Jun 2024 |
| Total Exports to China (USD mn) | 1,857.935 Jun 2024 | monthly | Jan 1997 - Jun 2024 |
| Total Imports from China (USD mn) | 3,976.286 Jun 2024 | monthly | Jan 1997 - Jun 2024 |
| Coal Exports (kton) | 2,789.000 May 2024 | monthly | Jan 1977 - May 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 8,720.511 Jun 2024 | monthly | Jan 2022 - Jun 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 25,307.309 Jun 2024 | monthly | Jan 2022 - Jun 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,041,470.793 Jun 2024 | monthly | Jan 1988 - Jun 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 (%) | 0.5 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Household Debt: % of GDP (%) | 100.3 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Money Supply M1 (USD mn) | 1,135,410.699 Jun 2024 | monthly | Mar 1975 - Jun 2024 |
| Money Supply M2 (USD mn) | 1,878,935.253 Jun 2024 | monthly | Jan 1968 - Jun 2024 |
| M2 Growth (%) | 6.4 Jun 2024 | monthly | Jan 1969 - Jun 2024 |
| Foreign Exchange Reserves (USD mn) | 95,929.0 Jul 2024 | monthly | Jun 1999 - Jul 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.354 Jun 2024 | quarterly | Jun 1999 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Jun 2024 | monthly | Jun 1999 - Jun 2024 |
| Gold Reserves (USD mn) | 0.000 Jul 2024 | monthly | Dec 1956 - Jul 2024 |
| Total Deposits (USD mn) | 4,418,461.600 Jun 2024 | monthly | Jan 2009 - Jun 2024 |
| Total Deposits Growth (%) | 5.4 Jun 2024 | monthly | Jan 2010 - Jun 2024 |
| Domestic Credit (USD mn) | 4,629,829.0 Jun 2024 | monthly | Jan 1969 - Jun 2024 |
| Domestic Credit Growth (%) | 2.8 Jun 2024 | monthly | Jan 1970 - Jun 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) | 2,230.826 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 4,810.343 Dec 2023 | quarterly | Mar 1954 - Dec 2023 |
| Household Debt (USD mn) | 2,166,172.2 Jun 2024 | monthly | Jan 1969 - Jun 2024 |
| Total Loans (USD mn) | 3,127,877.083 Jun 2024 | monthly | Jan 1969 - Jun 2024 |
| Total Loans Growth (%) | 2.12 Jun 2024 | monthly | Jan 1970 - Jun 2024 |
| Private Debt: % of Nominal GDP (%) | 214.46 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,561,060.000 Jun 2024 | monthly | Mar 1975 - Jun 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,571,135.000 Jun 2024 | monthly | Jan 1968 - Jun 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,703,689.000 Jun 2024 | monthly | Jan 1970 - Jun 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,568,866.000 Jun 2024 | monthly | Jan 1968 - Jun 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,553,696.000 Jun 2024 | monthly | Mar 1975 - Jun 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,693,488.000 Jun 2024 | monthly | Jan 1970 - Jun 2024 |
| Official International Reserves (USD mn) | 124,205.000 Jul 2024 | monthly | Dec 1994 - Jul 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Jul 2024 | monthly | Dec 1994 - Jul 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 18.0 Jul 2024 | monthly | Dec 2001 - Jul 2024 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 57.600 Jul 2024 | monthly | Dec 2000 - Jul 2024 |
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