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Canada: General government debt (% of GDP)

Percent of GDP · 1870–2024 · 155 observations · forecasts to 2031 · gen_govdebt_GDP

2024
110.0%percent of GDP
Change on 2023
+4.9 pointsfrom 105.1%
Average, 2015–2024
100.6%10 years
Record high and low
154.1% (1945)low 18.2% (1912)

General government debt (% of GDP)

Report error
0%20%40%60%80%100%120%140%160%1875190019251950197520002025CanadaCanada
ForecastPercent of GDP

Compare with other countries →Definition of General government debt (% of GDP)

Recent values

Percent of GDP

YearValue
2031103.5Forecast
2030105.2Forecast
2029106.7Forecast
2028108.1Forecast
2027109.5Forecast
2026110.7Forecast
2025113.5Forecast
2024110.0
2023105.1
2022103.5
2021112.6
2020118.1
201990.1
201890.8
201791.0
201692.5
201592.3

Sources

  • IMF Historical Public Debt Database1870–2015
  • Jordà-Schularick-Taylor1870–2020
  • IMF Fiscal Policy Panel1870–2023
  • IMF Global Debt Database1950–2024
  • Bordo1971–1973
  • IMF World Economic Outlook1980–2024
  • IMF WEO (forecast)2024–2031

Compare these sources →

Canada documentation (PDF)

More for Canada

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

General government debt (% of GDP) elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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