Graph and download economic data for Household Debt to GDP for Canada (HDTGPDCAQ163N) from Q1 2005 to Q4 2024 about Canada, debt, households, and GDP.

Consumer Credit in Canada increased to 788638 CAD Million in May from 787087 CAD Million in April of 2025. This dataset provides - Canada Consumer Credit - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Debt service ratios, interest and obligated principal payments on debt, and related statistics for households, Canada.

Households Debt in Canada decreased to 99.58 percent of GDP in the first quarter of 2025 from 100.39 percent of GDP in the fourth quarter of 2024. This dataset provides - Canada Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Quarterly financial flows and stocks of household credit market debt, consumer credit, non-mortgage loans, and mortgage loans, on a seasonally adjusted basis.

Key information about Canada Household Debt

• Canada Household Debt reached 2,110.9 USD bn in Dec 2024, compared with the reported number of 2,161.8 USD bn in the previous month
• Canada Household Debt: USD mn data is updated monthly, available from Jan 1969 to Dec 2024
• The data reached an all-time high of 2,225.1 USD bn in Sep 2024 and a record low of 22.2 USD bn in Jan 1969

CEIC converts monthly Household Debt into USD. Statistics Canada provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to January 1990 is sourced from the Bank of Canada.


Further information about Canada Household Debt

• In the latest reports, Canada Household Debt accounted for 99.2 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in Canada increased 1,873.3 USD bn YoY in Nov 2024
• Canada Foreign Exchange Reserves was measured at 90.2 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 2.0 Months of Import in Dec 2024
• Canada Domestic Credit reached 4,647.3 USD bn in Nov 2024, representing an increased of 3.9 % YoY

Households Debt in Canada decreased to 171.10 percent of gross income in 2025 from 173.07 percent in 2024. This dataset provides - Canada Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Canada Household Debt: % of GDP

• Canada household debt accounted for 99.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 99.0 % in the previous quarter.
• Canada household debt to GDP ratio is updated quarterly, available from Mar 1969 to Dec 2024.
• The data reached an all-time high of 111.2 % in Dec 2020 and a record low of 30.0 % in Mar 1969.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. Statistics Canada provides Household Debt in local currency. Statistics Canada provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to Q1 1990 is sourced from the Bank of Canada.


Related information about Canada Household Debt: % of GDP

• In the latest reports, Canada Household Debt reached 2,110.9 USD bn in Dec 2024.
• Money Supply M2 in Canada increased 6.1 % YoY in Dec 2024.
• Canada Foreign Exchange Reserves was measured at 90.2 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 2.0 Months of Import in Dec 2024.
• Canada Domestic Credit reached 4,531.7 USD bn in Dec 2024, representing an increased of 3.9 % YoY.
• The country's Non Performing Loans Ratio stood at 0.6 % in Sep 2024, compared with the ratio of 0.5 % in the previous quarter.

Monthly credit aggregates for the household sector, by category.

Annual household disposable income, debt service ratio and other statistics, by province and territory.

Debt collection agencies in Canada endured mixed results across their core service niches, as high inflation and uneven debt growth across core markets affected their ability to collect debt. Insolvency rates fell drastically during the pandemic in 2020 as robust government stimulus and policies such as the Canada Emergency Wage Subsidy (CEWS) pushed banks and other debt lenders to defer mortgage, credit card and other payments. Economic recovery and the subsequent reopening across core sectors such as manufacturing and retail reversed insolvency trends, as clients required debt collection agencies to help secure their money. Recent spikes in interest rates, which peaked to a high of 5.0% in 2023, further complicated matters, as consumers and businesses alike endured higher credit card payments and financing for loans and mortgages, respectively. Overall, revenue grew an annualized 0.2% to an estimated $789.1 million over the past five years, including an estimated 1.1% decline in 2025 alone. The majority of agencies are small and typically serve local or regional markets. Even so, merger and acquisition activity has continued to expand as companies seek economies of scale and scope. This allows agencies to help meet client needs across the nation. With business delinquencies falling 14.7% over the past quarter in 2024, agencies have been forced to diversify their service offering to encompass a wider range of sectors and individual consumers. Technological proliferation and new automated systems have allowed larger agencies to enhance service offering via faster analysis of consumer information and collection of debts virtually, stabilizing profit. Moving forward, debt collection agencies face a mixed future. While currently elevated interest rates and the robust levels of household debt will continue to provide a need for collection services, a thriving economy will mean more consumers and businesses will pay off their debts before they default. Debt collectors will adopt cost-saving communications technology and enhanced data analytics tools to minimize volatility and lower labour costs, which make up over half of their main expenditures. Most large agencies have the financial capabilities for technological enhancements, giving them a competitive advantage; nonetheless, higher competition from in-house collection agencies across prominent commercial banks will limit the scope of agency influence. Overall, revenue is expected to grow an annualized 0.6% to an estimated $813.2 million through the end of 2030.

Canada Business Credit: Debt Securities and Equity: Commercial Paper Issued by Non Financial Corporations data was reported at 11,604.000 CAD mn in Sep 2020. This records an increase from the previous number of 10,777.000 CAD mn for Aug 2020. Canada Business Credit: Debt Securities and Equity: Commercial Paper Issued by Non Financial Corporations data is updated monthly, averaging 10,916.000 CAD mn from Jan 1969 (Median) to Sep 2020, with 621 observations. The data reached an all-time high of 27,624.000 CAD mn in Nov 2000 and a record low of 186.000 CAD mn in Jan 1969. Canada Business Credit: Debt Securities and Equity: Commercial Paper Issued by Non Financial Corporations data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.KB003: Business and Household Credit (Discontinued).

Assets and debts held by family units and by age groups, total amounts.

This report tracks aggregate household debt in Canada. The quarterly, not-seasonally-adjusted ratio of household debt to GDP for Canada is sourced from the US Federal Reserve Bank of St. Louis. These quarterly figures are then averaged into annual figures, which are subsequently multiplied by GDP to form aggregate household debt values. GDP, and therefore aggregate household debt, is measured in chained 2012 dollars, and is sourced from Statistics Canada.

Key information about Canada Private Debt: % of Nominal GDP

• Canada Private Debt accounted for 212.62 % of its Nominal GDP in Dec 2024, compared with a ratio of 212.27 % in the previous quarter
• Canada Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1969 to Dec 2024, with an average share of 129.19 %
• The data reached an all-time high of 237.84 % in Dec 2020 and a record low of 89.28 % in Sep 1976

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as a sum of Loans to Private Non-Financial Corporations and Household sectors. Statistics Canada provides Private Debt and Nominal GDP in local currency. Private Debt prior to Q1 1990 is sourced from the Bank of Canada.

Quarterly debt to gross domestic product, debt to disposable income and other indicators, for the household sector and the non-profit institutions serving households sector, by category.

Information on mortgage and consumer debt activity in Canada, the provinces and CMAs. These EXCEL tables give you insight on mortgage and consumer debt activity in Canada, the provinces and Census Metropolitan Areas (CMAs). This housing data looks at: mortgage holders and lenders average payments credit scores consumer debt mortgage insurance mortgage performance arrear and foreclosure rates

In 2024, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to *** percent of its GDP, which was the lowest figure in the ranking. What is the household debt? Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime. The cost of debt The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.

AFCC Debt Settlement Market Outlook

The AFCC Debt Settlement Market is poised for substantial growth, with a current market size of approximately $5.8 billion in 2023 and a projected market size of $11.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5%. This growth is largely attributed to the increasing financial awareness among consumers and businesses seeking alternative solutions to manage debts effectively. The mounting global debt levels and the economic uncertainties precipitated by events such as pandemics and geopolitical tensions are driving the demand for debt settlement services. Consumers are becoming more proactive about managing their debt burdens, thus propelling the market forward.

Several factors contribute to the burgeoning growth of the AFCC Debt Settlement Market. Firstly, the increasing debt burden on individuals and enterprises worldwide necessitates alternative financial solutions that are both effective and accessible. With the global economy facing periodic downturns and uncertainties, many are finding themselves unable to meet conventional loan repayments. Debt settlement offers a viable solution by negotiating directly with creditors to reduce the owed amount, thus providing a lifeline to debtors. Additionally, the proliferation of financial literacy programs has raised awareness about debt management strategies, further fueling the market's expansion.

Technological advancements play a crucial role in revolutionizing the AFCC Debt Settlement Market. The adoption of fintech solutions has made debt settlement services more efficient and user-friendly, providing personalized experiences to clients. The use of data analytics and AI in creating customized debt management plans has significantly improved the success rates of these services. Moreover, the integration of digital platforms allows for seamless and rapid negotiations with creditors, thereby enhancing customer satisfaction and retention. The convenience of accessing these services online further boosts their popularity, especially among tech-savvy consumers looking for hassle-free debt solutions.

Another significant growth factor is the regulatory environment that increasingly favors debt settlement solutions. Governments and financial regulatory bodies are implementing policies that encourage ethical debt resolution practices, providing a structured approach to debt settlement and ensuring transparent operations. This has led to increased consumer trust in these services, encouraging more individuals to opt for debt settlement as opposed to traditional bankruptcy. As a result, service providers adhering to these regulations find a stable platform for growth, with potential expansions in various regions due to favorable governmental attitudes.

Debt Management Solutions have become increasingly crucial in today's financial landscape, as individuals and businesses alike strive to navigate the complexities of managing their financial obligations. These solutions encompass a range of strategies designed to help debtors regain control over their finances, from negotiating with creditors to consolidating multiple debts into a single, more manageable payment. As economic uncertainties persist, the demand for comprehensive debt management solutions continues to rise, providing consumers with the tools they need to achieve financial stability. By offering tailored approaches that address the unique circumstances of each debtor, these solutions play a vital role in alleviating financial stress and fostering long-term financial health.

Regionally, North America is currently the dominant market for AFCC debt settlement services, with a significant share attributed to the high consumer debt levels prevalent in the United States and Canada. The presence of a mature financial services sector and a robust regulatory framework enhances the market's growth in this region. Meanwhile, Asia-Pacific is projected to exhibit the highest growth rate over the forecast period, driven by rising consumer debt and increasing financial literacy among the population. The region's expanding middle class and growing inclination towards digital financial services further contribute to this upward trend. Europe, while experiencing a steadier growth rate, benefits from the stringent regulatory environment and a growing demand for debt relief solutions amid economic uncertainties.

Service Type Analysis

The service type segment in the AFCC Debt Settleme

This dataset provides values for HOUSEHOLDS DEBT TO INCOME reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.