Canada Total Debt: % of GDP
1990 - 2024 | Quarterly | % | CEIC Data
Key information about Canada Total Debt: % of GDP
- Canada Total Debt accounted for 946.4 % of the country's GDP in 2024, compared with the ratio of 929.6 % in the previous quarter.
- Canada Total Debt: % of GDP data is updated quarterly, available from Mar 1990 to Dec 2024.
- The data reached an all-time high of 1,078.6 % in Dec 2020 and a record low of 477.0 % in Mar 1990.
CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as the Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. Statistics Canada provides Total Debt in local currency and Nominal GDP in local currency.
View Canada's Total Debt: % of GDP from Mar 1990 to Dec 2024 in the chart:
What was Canada's Total Debt: % of GDP in Dec 2024?
Canada Total Debt accounted for 946.4 % of the country's GDP in 2024, compared with the ratio of 929.6 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 946.4 Dec 2024 | 929.6 Sep 2024 | 477.0 Mar 1990 | 1,078.6 Dec 2020 | % | quarterly | Mar 1990 - Dec 2024 |
Total Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Australia (%) | 263.7 Sep 2024 | quarterly | Jun 1988 - Sep 2024 |
| Austria (%) | 539.1 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Belgium (%) | 693.1 Sep 2024 | quarterly | Dec 1998 - Sep 2024 |
| Bulgaria (%) | 352.7 2023 | yearly | 1995 - 2023 |
| Canada (%) | 946.4 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Croatia (%) | 430.3 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Cyprus (%) | 1,391.2 2023 | yearly | 1995 - 2023 |
| Czech Republic (%) | 389.9 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Denmark (%) | 833.8 2023 | yearly | 1994 - 2023 |
| Estonia (%) | 370.3 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| European Union (%) | 719.1 2022 | yearly | 2001 - 2022 |
| Finland (%) | 648.6 2023 | yearly | 1995 - 2023 |
| France (%) | 941.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Germany (%) | 604.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Greece (%) | 534.0 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| Hungary (%) | 430.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Iceland (%) | 692.4 2022 | yearly | 2003 - 2022 |
| Ireland (%) | 963.7 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Italy (%) | 556.8 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Japan (%) | 1,279.3 Dec 2024 | quarterly | Jun 1998 - Dec 2024 |
| South Korea (%) | 703.3 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Latvia (%) | 340.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Lithuania (%) | 305.6 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Luxembourg (%) | 7,257.0 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| North Macedonia (%) | 335.8 2023 | yearly | 2013 - 2023 |
| Malta (%) | 1,377.4 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Mexico (%) | 110.9 Dec 2024 | quarterly | Dec 2000 - Dec 2024 |
| Netherlands (%) | 973.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| New Zealand (%) | 594.1 2022 | yearly | 2006 - 2022 |
| Norway (%) | 610.1 Dec 2024 | quarterly | Dec 1995 - Dec 2024 |
| Poland (%) | 290.4 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Portugal (%) | 463.3 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Romania (%) | 238.3 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Slovakia (%) | 373.4 Sep 2024 | quarterly | Dec 2012 - Sep 2024 |
| Slovenia (%) | 323.6 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Spain (%) | 567.9 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Sweden (%) | 774.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Switzerland (%) | 934.5 2023 | yearly | 1999 - 2023 |
| Taiwan (%) | 889.1 2023 | yearly | 2000 - 2023 |
| Turkey (%) | 253.0 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
| Ukraine (%) | 235.5 2021 | yearly | 2009 - 2021 |
| United Kingdom (%) | 872.5 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| United States (%) | 722.0 Sep 2024 | quarterly | Dec 1951 - Sep 2024 |
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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 Balance: Deficit or Surplus (CAD mn) | 1,002.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| 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 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 (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - 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: sa (CAD mn) | 2,638,116.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,648,681.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,817,749.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - 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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