Net incurrence of liabilities, Transactions in Canada

Canada: Net incurrence of liabilities, Transactions was 238.75 billion in 2025. ◆ Volatile

Latest (2025)
238.75 billion
Change on year
down 3.7%
World rank
10th
of 33 countries
All-time high
536.99 billion
in 2020
All-time low
1.84 billion
in 2000
Years of data
36
1990–2025

Net incurrence of liabilities, Transactions in Canada, 1990–2025

0200.0B400.0B600.0B1990200720251990: 45.4B1991: 73.1B1992: 66.8B1993: 87.7B1994: 60.5B1995: 70.5B1996: 43.7B1997: 13.9B1998: 11.0B1999: 29.0B2000: 1.8B2001: 38.0B2002: 21.8B2003: 28.3B2004: 19.4B2005: 49.4B2006: 27.3B2007: 27.5B2008: 141.0B2009: 141.2B2010: 119.8B2011: 97.4B2012: 114.5B2013: 79.3B2014: 30.5B2015: 87.5B2016: 48.6B2017: 100.7B2018: 77.5B2019: 64.0B2020: 537.0B2021: 213.1B2022: 121.8B2023: 119.6B2024: 247.8B2025: 238.8B

Source: International Monetary Fund.

Analysis

The most recent figure for net incurrence of liabilities, transactions in Canada is 238.75 billion, measured in 2025.

That represents a change of down 3.7% on the previous year and up 172.7% over ten years.

Over the whole period, net incurrence of liabilities, transactions in Canada peaked at 536.99 billion in 2020 and was at its lowest, 1.84 billion, in 2000.

That places Canada 10th out of 33 countries with data for 2025, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Net incurrence of liabilities, Transactions in Canada, year by year

Annual values for Net incurrence of liabilities, Transactions (Statement of operations, General government) in Canada, 1990 to 2025.
Year Value Change
1990 45.38 billion
1991 73.08 billion +61.0%
1992 66.77 billion -8.6%
1993 87.72 billion +31.4%
1994 60.51 billion -31.0%
1995 70.47 billion +16.5%
1996 43.68 billion -38.0%
1997 13.93 billion -68.1%
1998 10.96 billion -21.3%
1999 29.01 billion +164.7%
2000 1.84 billion -93.7%
2001 38.02 billion +1964.3%
2002 21.78 billion -42.7%
2003 28.28 billion +29.9%
2004 19.42 billion -31.3%
2005 49.40 billion +154.4%
2006 27.31 billion -44.7%
2007 27.50 billion +0.7%
2008 141.01 billion +412.7%
2009 141.17 billion +0.1%
2010 119.75 billion -15.2%
2011 97.37 billion -18.7%
2012 114.53 billion +17.6%
2013 79.31 billion -30.8%
2014 30.54 billion -61.5%
2015 87.55 billion +186.7%
2016 48.64 billion -44.4%
2017 100.66 billion +107.0%
2018 77.53 billion -23.0%
2019 63.99 billion -17.5%
2020 536.99 billion +739.2%
2021 213.13 billion -60.3%
2022 121.84 billion -42.8%
2023 119.63 billion -1.8%
2024 247.80 billion +107.1%
2025 238.75 billion -3.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 50.15 billion 10.96 billion 87.72 billion 10
2000s 49.57 billion 1.84 billion 141.17 billion 10
2010s 81.99 billion 30.54 billion 119.75 billion 10
2020s 246.36 billion 119.63 billion 536.99 billion 6

Countries ranked near Canada

  1. 7 Poland 344.77 billion compare
  2. 8 Norway 287.53 billion compare
  3. 9 United Kingdom 247.41 billion compare
  4. 11 Romania 186.01 billion compare
  5. 12 France 146.84 billion compare
  6. 13 Germany 131.25 billion compare

See the full ranking of 33 places →

More external debt data for Canada

All data for Canada →

Frequently asked questions

What is net incurrence of liabilities, transactions in Canada?
Net incurrence of liabilities, transactions in Canada was 238.75 billion in 2025, according to International Monetary Fund.
What is the highest net incurrence of liabilities, transactions recorded in Canada?
The highest recorded value was 536.99 billion in 2020.
What is the lowest net incurrence of liabilities, transactions recorded in Canada?
The lowest recorded value was 1.84 billion in 2000.
How does Canada rank for net incurrence of liabilities, transactions?
Canada ranks 10th out of 33 countries with data for 2025.
Is net incurrence of liabilities, transactions rising or falling in Canada?
Over the last ten years it is up 172.7%. The long-run trend across the full record is volatile.
Where does this Canada data come from?
The figures come from International Monetary Fund, published as part of Net incurrence of liabilities, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.

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Net incurrence of liabilities, Transactions in Canada. Statizoid, drawing on International Monetary Fund. Retrieved 28 August 2026, from https://debt.statizoid.com/stat/net-incurrence-of-liabilities-transactions-statement-of-operations-general-government/canada/

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About this data

Indicator
Net incurrence of liabilities, Transactions (Statement of operations, General government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
33 places, 847 data points, 1990–2025
Last refreshed

The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.