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Canada: General government deficit (% of GDP)

Percent of GDP · 1870–2025 · 156 observations · forecasts to 2031 · gen_govdef_GDP

2025
−1.75%percent of GDP
Change on 2024
+0.5 pointsfrom −2.30%
Average, 2016–2025
−1.86%10 years
Record high and low
5.02% (1947)low −23.1% (1943)

General government deficit (% of GDP)

Report error
-25%-20%-15%-10%-5%0%5%10%1875190019251950197520002025CanadaCanada
ForecastPercent of GDP

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

Recent values

Percent of GDP

YearValue
2031-1.52Forecast
2030-1.73Forecast
2029-1.99Forecast
2028-2.21Forecast
2027-2.49Forecast
2026-0.735Forecast
2025-1.75
2024-2.30
2023-0.573
20220.109
2021-2.92
2020-10.9
2019-0.0173
20180.36
2017-0.112
2016-0.453

Sources

  • IMF Fiscal Policy Panel1870–2023
  • OECD Economic Outlook1970–2025
  • IMF World Economic Outlook1980–2024
  • IMF Government Finance Statistics1990–2025
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

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 deficit (% of GDP) elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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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