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Canada: Government debt (% of GDP)

Percent of GDP · 1867–2024 · 158 observations · forecasts to 2031 · 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)

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 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

This series is derived from other GMD variables.

Canada documentation (PDF)

More for Canada

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

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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