Government Debt in Canada increased to 1223.62 CAD Billion in 2024 from 1173.01 CAD Billion in 2023. This dataset provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the gross domestic product (GDP) in Canada was about -2.15 percent in 2024. Between 1980 and 2024, the budget balance rose by approximately 1.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance will steadily rise by around 1.36 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Key information about Canada National Government Debt

• Canada National Government Debt reached 1,517.7 USD bn in Mar 2025, compared with 1,519.8 USD bn in the previous year.
• Canada National Government Debt data is updated yearly, available from Mar 1962 to Mar 2025.
• The data reached an all-time high of 1,519.8 USD bn in Mar 2024 and a record low of 20.5 USD bn in Mar 1962.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. CEIC converts annual Government Debt into USD. The Department of Finance Canada provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt is in annual frequency, ending in March of each year.


Related information about Canada National Government Debt

• In the latest reports, Canada Consolidated Fiscal Balance recorded a deficit equal to 1.3 % of its Nominal GDP in Sep 2025.
• The country's Government debt accounted for 69.3 % of its Nominal GDP in Mar 2025.
• Canada Nominal GDP reached 590.9 USD bn in Sep 2025.

Canada recorded a Government Budget deficit equal to 1.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - Canada Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The national debt of Canada was ************* U.S. dollars in 2024. Between 1980 and 2024, the national debt rose by ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by ************** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Canada recorded a Government Debt to GDP of 110.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for General government gross debt for Canada (GGGDTACAA188N) from 1980 to 2024 about Canada, debt, gross, and government.

Key information about Canada Government Debt: % of GDP

• Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
• Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Canada Government Debt: % of GDP

• In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
• The country's Nominal GDP reached 520.3 USD bn in Mar 2023.

The ratio of national debt to gross domestic product (GDP) of Canada was 111.3 percent in 2024. Between 1980 and 2024, the ratio rose by 66.71 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by 3.41 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Graph and download economic data for Central government debt, total (% of GDP) for Canada (DEBTTLCAA188A) from 1990 to 2024 about Canada, debt, government, and GDP.

Actual value and historical data chart for Canada Central Government Debt Total Percent Of GDP

Key information about Canada External Debt

• Canada External Debt reached 3,163.2 USD bn in Dec 2024, compared with 3,172.8 USD bn in the previous quarter.
• Canada External Debt: USD mn data is updated quarterly, available from Mar 1990 to Dec 2024.
• The data reached an all-time high of 3,172.8 USD bn in Sep 2024 and a record low of 303.1 USD bn in Mar 1990.

CEIC converts quarterly External Debt into USD. Statistics Canada provides External Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Canada External Debt

• In the latest reports of Canada, Current Account recorded a deficit of 4.6 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 20.0 USD bn in Dec 2024.
• Canada Direct Investment Abroad expanded by 28.5 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 35.6 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 520.3 USD bn in Mar 2023.

Canada Government Budgetary Surplus or Deficit: as % of GDP data was reported at -2.100 % in 2024. This records a decrease from the previous number of -1.200 % for 2023. Canada Government Budgetary Surplus or Deficit: as % of GDP data is updated yearly, averaging -1.700 % from Mar 1967 (Median) to 2024, with 58 observations. The data reached an all-time high of 1.800 % in 2001 and a record low of -14.800 % in 2021. Canada Government Budgetary Surplus or Deficit: as % of GDP data remains active status in CEIC and is reported by Department of Finance Canada. The data is categorized under Global Database’s Canada – Table CA.F002: Government Revenue and Expenditure: Annual.

Forecast: Social Security Government Debt in Canada 2024 - 2028 Discover more data with ReportLinker!

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.

The outstanding value of Canada's general government debt securities has shown an upward trend from 2000 to the first quarter of 2024, rising from *** billion U.S. dollars to over *** trillion U.S. dollars. The largest increase occurred between 2019 and 2020, when it went from *** trillion to *** trillion U.S. dollars.

General government gross domestic and foreign debt, and financial liabilities by category, quarterly.

Ability of the business or organization to take on more debt, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, first quarter of 2024.

Canada CA: Gross Public Debt: % of GDP: General Government: External Creditors data was reported at 28.005 % in Dec 2024. This records an increase from the previous number of 26.618 % for Sep 2024. Canada CA: Gross Public Debt: % of GDP: General Government: External Creditors data is updated quarterly, averaging 20.131 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 30.963 % in Mar 1995 and a record low of 9.329 % in Dec 2007. Canada CA: Gross Public Debt: % of GDP: General Government: External Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

This table contains 13 series, with data for years 1867 - 31-MAR-08 not all combinations necessarily have data for all years), and was last released on 2009-08-28. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Government debt (13 items: Gross federal government debt;Marketable bonds;Treasury bills;Unmatured debt ...).