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

This table contains 29 series, with data for years 2009 - 2019 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) Central government debt (29 items: A. Federal debt (accumulated deficit), (B - E); B. Net debt, (C - D); C. Liabilities, gross debt; Accounts payable and accrued liabilities; ...).

Key information about Canada National Government Debt

• Canada National Government Debt reached 1,519.8 USD bn in Mar 2024, compared with 1,423.3 USD bn in the previous year.
• Canada National Government Debt data is updated yearly, available from Mar 1962 to Mar 2024.
• 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.

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 1.8 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 69.4 % of its Nominal GDP in Mar 2024.
• Canada Nominal GDP reached 520.3 USD bn in Mar 2023.

The ratio of national debt to gross domestic product (GDP) of Canada was approximately 110.77 percent in 2024. Between 1980 and 2024, the ratio rose by around 66.18 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 6.66 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.

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.

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

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.

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 ...).

Quarterly gross and net debt to gross domestic product for federal and other levels of general government.

Canada PBO Forecast: Federal Debt: % of GDP data was reported at 39.200 % in 2030. This records a decrease from the previous number of 40.100 % for 2029. Canada PBO Forecast: Federal Debt: % of GDP data is updated yearly, averaging 40.800 % from Mar 2016 (Median) to 2030, with 15 observations. The data reached an all-time high of 49.300 % in 2021 and a record low of 30.800 % in 2020. Canada PBO Forecast: Federal Debt: % of GDP data remains active status in CEIC and is reported by Office of the Parliamentary Budget Officer. The data is categorized under Global Database’s Canada – Table CA.F011: Federal Government Debt: Forecast: Parliamentary Budget Officer.

Central government debt, total (% of GDP) in Canada was reported at 61.34 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Canada debt to gdp ratio for 2023 was 62.23%, a 0.81% increase from 2022.

<ul style='margin-top:20px;'>

<li>Canada debt to gdp ratio for 2022 was <strong>61.42%</strong>, a <strong>9.66% decline</strong> from 2021.</li>
<li>Canada debt to gdp ratio for 2021 was <strong>71.07%</strong>, a <strong>3.48% decline</strong> from 2020.</li>
<li>Canada debt to gdp ratio for 2020 was <strong>74.55%</strong>, a <strong>21.19% increase</strong> from 2019.</li>
</ul>Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Canada FIN Forecast: Long Term: Federal Debt: % of GDP data was reported at 2.400 % in 2056. This records a decrease from the previous number of 8.900 % for 2051. Canada FIN Forecast: Long Term: Federal Debt: % of GDP data is updated yearly, averaging 24.600 % from Mar 2019 (Median) to 2056, with 12 observations. The data reached an all-time high of 30.400 % in 2022 and a record low of 2.400 % in 2056. Canada FIN Forecast: Long Term: Federal Debt: % 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.F010: Federal Government Debt: Forecast: Department of Finance.

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.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Canada (DDDM06CAA156NWDB) from 1980 to 2020 about public, Canada, debt, securities, and GDP.

Graph and download economic data for General Government Gross Debt for Canada (CANGGXWDGGDP) from 1980 to 2030 about Canada, gross, debt, and government.

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.

FIN Forecast: Federal Debt: % of GDP data was reported at 38.600 % in 2030. This records a decrease from the previous number of 39.500 % for 2029. FIN Forecast: Federal Debt: % of GDP data is updated yearly, averaging 38.600 % from Mar 1996 (Median) to 2030, with 32 observations. The data reached an all-time high of 75.100 % in 1997 and a record low of 28.500 % in 2009. FIN Forecast: Federal Debt: % 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.F010: Federal Government Debt: Forecast: Department of Finance.

Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated *** percent of its total GDP. Italy had the second highest debt rate at *** percent of its GDP, whereas Canada had the lowest at only ** percent.