Canada Household Debt: % of GDP
Key information about Canada Household Debt: % of GDP
- Canada household debt accounted for 99.5 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 99.3 % in the previous quarter.
- Canada household debt to GDP ratio is updated quarterly, available from Mar 1969 to Dec 2025.
- The data reached an all-time high of 112.3 % 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 2,379.5 USD bn in Jan 2026.
- Money Supply M2 in Canada increased 3.8 % YoY in Jan 2026.
- Canada Foreign Exchange Reserves was measured at 98.1 USD bn in Feb 2026.
- The Foreign Exchange Reserves equaled 2.2 Months of Import in Jan 2026.
- Canada Domestic Credit reached 5,024.1 USD bn in Jan 2026, representing an increased of 4.0 % YoY.
- The country's Non Performing Loans Ratio stood at 0.7 % in Sep 2025, compared with the ratio of 0.7 % in the previous quarter.
View Canada's Household Debt: % of GDP from Mar 1969 to Dec 2025 in the chart:
What was Canada's Household Debt: % of GDP in Dec 2025?
Canada household debt accounted for 99.5 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 99.3 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 99.5 Dec 2025 | 99.3 Sep 2025 | 30.0 Mar 1969 | 112.3 Dec 2020 | % | quarterly | Mar 1969 - Dec 2025 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 14.1 Dec 2025 | quarterly | Sep 2007 - Dec 2025 |
| Argentina (%) | 6.7 Dec 2025 | quarterly | Dec 2004 - Dec 2025 |
| Armenia (%) | 32.9 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Australia (%) | 120.3 Jun 2025 | quarterly | Jun 1988 - Jun 2025 |
| Austria (%) | 42.0 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Azerbaijan (%) | 14.8 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Belarus (%) | 10.6 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Belgium (%) | 58.3 Dec 2025 | quarterly | Dec 1992 - Dec 2025 |
| Bolivia (%) | 11.4 Dec 2024 | quarterly | Sep 2010 - Dec 2024 |
| Bosnia and Herzegovina (%) | 25.6 Dec 2025 | quarterly | Dec 2008 - Dec 2025 |
| Botswana (%) | 21.3 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| Brunei (%) | 15.4 Dec 2025 | quarterly | Dec 2013 - Dec 2025 |
| Bulgaria (%) | 30.1 2024 | yearly | 1995 - 2024 |
| Cambodia (%) | 27.2 2024 | yearly | 2008 - 2024 |
| Canada (%) | 99.5 Dec 2025 | quarterly | Mar 1969 - Dec 2025 |
| Chile (%) | 37.0 Mar 2026 | quarterly | Mar 2009 - Mar 2026 |
| China (%) | 60.4 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Colombia (%) | 29.5 Sep 2025 | quarterly | Dec 2015 - Sep 2025 |
| Croatia (%) | 33.8 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Cyprus (%) | 68.2 2025 | yearly | 1995 - 2025 |
| Czech Republic (%) | 33.5 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Denmark (%) | 89.8 2024 | yearly | 1994 - 2024 |
| Ecuador (%) | 35.4 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Egypt (%) | 7.2 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| Estonia (%) | 40.6 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| European Union (%) | 50.4 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Finland (%) | 72.7 2025 | yearly | 1995 - 2025 |
| France (%) | 58.9 2025 | yearly | 1977 - 2025 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 48.7 Dec 2025 | quarterly | Dec 1991 - Dec 2025 |
| Greece (%) | 45.9 Dec 2025 | quarterly | Dec 1997 - Dec 2025 |
| Hong Kong SAR, China (%) | 87.6 Dec 2025 | quarterly | Mar 1982 - Dec 2025 |
| Hungary (%) | 21.8 Mar 2026 | quarterly | Dec 1995 - Mar 2026 |
| Iceland (%) | 70.7 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| India (%) | 17.6 2025 | yearly | 1998 - 2025 |
| Indonesia (%) | 14.8 Mar 2026 | quarterly | Dec 2010 - Mar 2026 |
| Ireland (%) | 24.6 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Israel (%) | 42.8 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Italy (%) | 47.0 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Japan (%) | 61.2 Dec 2025 | quarterly | Dec 1997 - Dec 2025 |
| Jordan (%) | 69.7 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Kazakhstan (%) | 66.7 Dec 2025 | quarterly | Dec 1997 - Dec 2025 |
| South Korea (%) | 91.2 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| Kosovo (%) | 25.4 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Kuwait (%) | 1.1 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Kyrgyzstan (%) | 12.3 Mar 2026 | quarterly | Dec 2000 - Mar 2026 |
| Latvia (%) | 23.1 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Lithuania (%) | 30.0 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Luxembourg (%) | 61.3 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Macau SAR, China (%) | 70.9 Mar 2026 | quarterly | Dec 2001 - Mar 2026 |
| North Macedonia (%) | 26.8 Mar 2026 | quarterly | Mar 2003 - Mar 2026 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.7 2025 | yearly | 2002 - 2025 |
| Malta (%) | 48.5 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 17.4 Mar 2026 | quarterly | Dec 2000 - Mar 2026 |
| Mongolia (%) | 28.5 Mar 2026 | quarterly | Mar 2004 - Mar 2026 |
| Montenegro (%) | 30.0 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Morocco (%) | 22.0 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 97.2 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| New Zealand (%) | 91.1 Dec 2025 | quarterly | Dec 1990 - Dec 2025 |
| Norway (%) | 89.5 Mar 2026 | quarterly | Dec 1995 - Mar 2026 |
| Panama (%) | 37.8 Dec 2025 | quarterly | Dec 2007 - Dec 2025 |
| Peru (%) | 14.8 Mar 2026 | quarterly | Mar 2001 - Mar 2026 |
| Philippines (%) | 13.6 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Poland (%) | 22.4 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| Portugal (%) | 56.8 Mar 2026 | quarterly | Dec 2007 - Mar 2026 |
| Romania (%) | 15.3 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Russia (%) | 18.7 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Saudi Arabia (%) | 10.6 Mar 2026 | quarterly | Dec 2003 - Mar 2026 |
| Serbia (%) | 19.1 Mar 2026 | quarterly | Dec 2003 - Mar 2026 |
| Singapore (%) | 51.7 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Slovakia (%) | 46.3 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Slovenia (%) | 28.2 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| South Africa (%) | 41.2 Dec 2025 | quarterly | Mar 1969 - Dec 2025 |
| Spain (%) | 46.6 Dec 2025 | quarterly | Dec 1989 - Dec 2025 |
| Sri Lanka (%) | 6.6 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Sweden (%) | 85.1 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Switzerland (%) | 125.1 2025 | yearly | 1999 - 2025 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan, China (%) | 94.3 2024 | yearly | 2000 - 2024 |
| Thailand (%) | 86.7 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 10.5 Dec 2025 | quarterly | Dec 2014 - Dec 2025 |
| Ukraine (%) | 4.1 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| United Arab Emirates (%) | 24.1 2024 | yearly | 2013 - 2024 |
| United Kingdom (%) | 78.0 Dec 2025 | quarterly | Mar 1987 - Dec 2025 |
| United States (%) | 60.3 Mar 2026 | quarterly | Mar 1999 - Mar 2026 |
| Uruguay (%) | 12.0 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Mar 2026 | quarterly | Jun 1993 - Mar 2026 |
| Consolidated Fiscal Balance (USD mn) | -21,666.910 Mar 2026 | monthly | May 1992 - Mar 2026 |
| Tax Revenue (USD mn) | 27,238.338 Mar 2026 | monthly | Jan 1996 - Mar 2026 |
| Tax Revenue: % of GDP (%) | 14.0 Mar 2026 | quarterly | Mar 1996 - Mar 2026 |
| National Government Debt (USD mn) | 1,517,724.5 2025 | yearly | 1962 - 2025 |
| Government Debt: % of GDP (%) | 69.2 2025 | yearly | 1962 - 2025 |
| Forecast: Government Expenditure (CAD bn) | 1,789.926 2031 | yearly | 1980 - 2031 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,726.867 2031 | yearly | 1980 - 2031 |
| Federal Government Debt: % of GDP: Accumulated Deficit (%) | 40.700 2026 | yearly | 1967 - 2026 |
| FIN Forecast: Federal Debt (CAD mn) | 1,629,400.000 2031 | yearly | 1997 - 2031 |
| Net Financing Activities (CAD mn) | 3,223.000 Mar 2026 | monthly | Jan 1996 - Mar 2026 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -29,727.000 Mar 2026 | monthly | May 1992 - Mar 2026 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,111.000 Mar 2026 | monthly | Jan 1996 - Mar 2026 |
| Budgetary Expense (CAD mn) | -76,498.000 Mar 2026 | monthly | May 1992 - Mar 2026 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 37,371.000 Mar 2026 | monthly | Jan 1996 - Mar 2026 |
| Budgetary Revenue (CAD mn) | 46,771.000 Mar 2026 | monthly | May 1992 - Mar 2026 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 613,700.000 2031 | yearly | 1996 - 2031 |
| FIN Forecast: Budgetary Expense (CAD mn) | 678,100.000 2031 | yearly | 1996 - 2031 |
| FIN Forecast: Budgetary Balance (CAD mn) | -53,200.000 2031 | yearly | 1996 - 2031 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,900.000 2031 | yearly | 2000 - 2031 |
| CA: Gross Public Debt: USD: General Government (USD mn) | 2,908,830.439 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.736 2031 | yearly | 1980 - 2031 |
| Trade Balance (USD mn) | 1,296.9 Mar 2026 | monthly | Jan 1988 - Mar 2026 |
| Total Exports (USD mn) | 53,041.8 Mar 2026 | monthly | Jan 1988 - Mar 2026 |
| Total Exports Growth (%) | 24.7 Apr 2026 | monthly | Jan 1989 - Apr 2026 |
| Aluminum: Exports (USD th) | 9,833,093.660 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 10,025,178.456 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,380,122.786 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 51,745.0 Mar 2026 | monthly | Jan 1988 - Mar 2026 |
| Total Imports Growth (%) | 7.4 Apr 2026 | monthly | Jan 1989 - Apr 2026 |
| Imports: Medicament (USD th) | 11,743,159.395 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 8,108,735.311 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 37,788.934 Apr 2026 | monthly | Jan 1988 - Apr 2026 |
| Total Imports from USA (USD mn) | 30,200.510 Mar 2026 | monthly | Jan 1997 - Mar 2026 |
| Total Exports to China (USD mn) | 2,793.078 Apr 2026 | monthly | Jan 1997 - Apr 2026 |
| Total Imports from China (USD mn) | 4,086.593 Apr 2026 | monthly | Jan 1997 - Apr 2026 |
| Coal Exports (kton) | 3,070.000 Mar 2026 | monthly | Jan 1977 - Mar 2026 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 11,491.023 Apr 2026 | monthly | Jan 2022 - Apr 2026 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 8,149.594 Apr 2026 | monthly | Jan 2022 - Apr 2026 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 906,741.111 Apr 2026 | monthly | Jan 1988 - Apr 2026 |
| Import Value Index (2015=100) | 132.600 2023 | yearly | 1995 - 2023 |
| Export Value Index (2015=100) | 138.700 2023 | yearly | 1995 - 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.7 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Household Debt: % of GDP (%) | 99.5 Dec 2025 | quarterly | Mar 1969 - Dec 2025 |
| Money Supply M1 (USD mn) | 1,269,161.471 Mar 2026 | monthly | Mar 1975 - Mar 2026 |
| Money Supply M2 (USD mn) | 2,004,141.762 Mar 2026 | monthly | Jan 1968 - Mar 2026 |
| M2 Growth (%) | 3.8 Mar 2026 | monthly | Jan 1969 - Mar 2026 |
| Foreign Exchange Reserves (USD mn) | 96,721.0 May 2026 | monthly | Jun 1999 - May 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 4.237 Dec 2025 | quarterly | Jun 1999 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Apr 2026 | monthly | Jun 1999 - Apr 2026 |
| Gold Reserves (USD mn) | 0.000 May 2026 | monthly | Dec 1956 - May 2026 |
| Total Deposits (USD mn) | 4,787,436.346 Mar 2026 | monthly | Jan 2009 - Mar 2026 |
| Total Deposits Growth (%) | 3.2 Mar 2026 | monthly | Jan 2010 - Mar 2026 |
| Domestic Credit (USD mn) | 4,920,501.0 Mar 2026 | monthly | Jan 1969 - Mar 2026 |
| Domestic Credit Growth (%) | 4.4 Mar 2026 | monthly | Jan 1970 - Mar 2026 |
| Debt Service Ratio: Households (%) | 13.900 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.300 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Credit to Households (USD bn) | 2,315.895 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 5,043.713 Sep 2025 | quarterly | Mar 1954 - Sep 2025 |
| Household Debt (USD mn) | 2,371,472.3 Feb 2026 | monthly | Jan 1969 - Feb 2026 |
| Total Loans (USD mn) | 3,447,924.736 Feb 2026 | monthly | Jan 1969 - Feb 2026 |
| Total Loans Growth (%) | 4.30 Mar 2026 | monthly | Jan 1970 - Mar 2026 |
| Private Debt: % of Nominal GDP (%) | 209.65 Dec 2025 | quarterly | Mar 1969 - Dec 2025 |
| Money Supply: M3: Gross (CAD mn) | 3,999,807.000 Mar 2026 | monthly | Jan 1970 - Mar 2026 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,770,861.000 Mar 2026 | monthly | Mar 1975 - Mar 2026 |
| Money Supply: M3: Gross: sa (CAD mn) | 4,018,012.000 Mar 2026 | monthly | Jan 1970 - Mar 2026 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,796,379.000 Mar 2026 | monthly | Jan 1968 - Mar 2026 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,787,511.000 Mar 2026 | monthly | Jan 1968 - Mar 2026 |
| Money Supply: M1+: Gross (CAD mn) | 1,745,762.000 Mar 2026 | monthly | Mar 1975 - Mar 2026 |
| Official International Reserves (USD mn) | 126,929.000 May 2026 | monthly | Dec 1994 - May 2026 |
| Official International Reserves: Gold (USD mn) | 0.000 May 2026 | monthly | Dec 1994 - May 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 18.6 May 2026 | monthly | Dec 2001 - May 2026 |
| Business Outlook Survey (BOS) Indicator (%) | -0.360 Mar 2026 | quarterly | Sep 2003 - Mar 2026 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 58.200 May 2026 | monthly | Dec 2000 - May 2026 |
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