Canada Government Debt (% of GDP)
Everything federal, provincial and local governments owe combined, compared with the size of the economy.
113.6%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Canada economy16 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.Government Debt (% of GDP)
1980 to 2025
Source: IMF World Economic Outlook (GGXWDG_NGDP) · general government, % of GDP, annual, actual years only.
Canada Government Debt (% of GDP) in context
Worked out from the published series shown above.
In Canada, the government debt rose by 3.6pp in 2025, from 110.0% in 2024.
It is the highest reading since 2020.
Over the past five years it has ranged from 103.5% in 2022 to 118.1% in 2020.
Its average since 1980 is 83.0%, and the latest reading is above that.
Canada is 7th of 62 countries in our Government Debt to GDP by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- IMF
- Series
- World
- Frequency
- Annual
- Unit
- %
- Seasonal adjustment
- Not applicable, annual data
- Latest observation
- 2025
- Revision status
- Latest published estimate, subject to revision
Data refreshed 2026-10-28. Figures are the latest published observations and can be revised.
More Canada indicators
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