Gross debt, General government, Percent of GDP in Canada
Canada: Gross debt, General government, Percent of GDP was 103.53 in 2031. ▲ Rising
Gross debt, General government, Percent of GDP in Canada, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, percent of gdp in Canada is 103.53, measured in 2031.
The figure is down 1.6% on the previous year and down 8.1% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Canada peaked at 118.06 in 2020 and was at its lowest, 44.59, in 1980.
Canada ranks 5th of 36 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Gross debt, General government, Percent of GDP in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 44.59 | — |
| 1981 | 46.08 | +3.3% |
| 1982 | 51.71 | +12.2% |
| 1983 | 57.21 | +10.6% |
| 1984 | 60.21 | +5.2% |
| 1985 | 65.17 | +8.2% |
| 1986 | 69.32 | +6.4% |
| 1987 | 69.76 | +0.6% |
| 1988 | 69.74 | -0.0% |
| 1989 | 70.99 | +1.8% |
| 1990 | 73.74 | +3.9% |
| 1991 | 81.66 | +10.7% |
| 1992 | 88.23 | +8.0% |
| 1993 | 94.73 | +7.4% |
| 1994 | 97.48 | +2.9% |
| 1995 | 100.08 | +2.7% |
| 1996 | 100.24 | +0.2% |
| 1997 | 95.27 | -5.0% |
| 1998 | 93.29 | -2.1% |
| 1999 | 88.97 | -4.6% |
| 2000 | 80.44 | -9.6% |
| 2001 | 81.46 | +1.3% |
| 2002 | 79.6 | -2.3% |
| 2003 | 75.91 | -4.6% |
| 2004 | 71.89 | -5.3% |
| 2005 | 70.64 | -1.7% |
| 2006 | 69.92 | -1.0% |
| 2007 | 67.18 | -3.9% |
| 2008 | 70.36 | +4.7% |
| 2009 | 81.8 | +16.3% |
| 2010 | 83.97 | +2.7% |
| 2011 | 84.28 | +0.4% |
| 2012 | 87.01 | +3.2% |
| 2013 | 87.7 | +0.8% |
| 2014 | 85.76 | -2.2% |
| 2015 | 92.28 | +7.6% |
| 2016 | 92.48 | +0.2% |
| 2017 | 90.99 | -1.6% |
| 2018 | 90.76 | -0.3% |
| 2019 | 90.11 | -0.7% |
| 2020 | 118.06 | +31.0% |
| 2021 | 112.61 | -4.6% |
| 2022 | 103.54 | -8.1% |
| 2023 | 105.07 | +1.5% |
| 2024 | 110.02 | +4.7% |
| 2025 | 113.51 | +3.2% |
| 2026 | 110.73 | -2.4% |
| 2027 | 109.45 | -1.2% |
| 2028 | 108.09 | -1.2% |
| 2029 | 106.69 | -1.3% |
| 2030 | 105.17 | -1.4% |
| 2031 | 103.53 | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 60.48 | 44.59 | 70.99 | 10 |
| 1990s | 91.37 | 73.74 | 100.24 | 10 |
| 2000s | 74.92 | 67.18 | 81.8 | 10 |
| 2010s | 88.53 | 83.97 | 92.48 | 10 |
| 2020s | 109.78 | 103.54 | 118.06 | 10 |
| 2030s | 104.35 | 103.53 | 105.17 | 2 |
Countries ranked near Canada
- 2 Saint Vincent and the Grenadines 144.68 compare
- 3 United States of America 142.11 compare
- 4 Brazil 106.52 compare
- 6 Bolivia, Plurinational State of 102.7 compare
- 7 Trinidad and Tobago 82.07 compare
- 8 Dominica 81.58 compare
More external debt data for Canada
- Other investment, Debt instruments 1.30 trillion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 8.44 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 988.42 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 31,206 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.5603 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 0 (2008)
- Net lending (+) / net borrowing (-), General government, Percent of -1.46 (2030)
- Other investment, Debt instruments, Deposit taking corporations 7.87 % change on previous year (2025)
- Primary net lending (+) / net borrowing (-), General government -0.879 (2030)
- Other investment, Debt instruments, Deposit taking corporations 23,731 US dollar per person (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Canada?
- Gross debt, general government, percent of gdp in Canada was 103.53 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Canada?
- The highest recorded value was 118.06 in 2020.
- What is the lowest gross debt, general government, percent of gdp recorded in Canada?
- The lowest recorded value was 44.59 in 1980.
- How does Canada rank for gross debt, general government, percent of gdp?
- Canada ranks 5th out of 36 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Canada?
- Over the last ten years it is down 8.1%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.