Canada Debt to GDP Ratio 1960-2024

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 debt to gdp ratio for 2022 was 61.42%, a 9.66% decline from 2021.
  • Canada debt to gdp ratio for 2021 was 71.07%, a 3.48% decline from 2020.
  • Canada debt to gdp ratio for 2020 was 74.55%, a 21.19% increase from 2019.
  • Canada debt to gdp ratio for 2019 was 53.36%, a 0.21% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
United States 115.70%
Iceland 88.46%
Bahamas 83.68%
Canada 61.42%
Australia 57.97%
New Zealand 54.27%
UAE 0.00%
Bermuda 0.00%
Cayman Islands 0.00%
France 0.00%
Croatia 0.00%
St. Kitts and Nevis 0.00%
St. Martin (French part) 0.00%
Oman 0.00%
Saudi Arabia 0.00%
Turks and Caicos Islands 0.00%
Andorra 0.00%
Curacao 0.00%
Finland 0.00%
Hong Kong 0.00%
Japan 0.00%
Macao 0.00%
Qatar 0.00%
Seychelles 0.00%
Aruba 0.00%
Bahrain 0.00%
Chile 0.00%
Estonia 0.00%
Guam 0.00%
Italy 0.00%
Latvia 0.00%
Norway 0.00%
French Polynesia 0.00%
Sint Maarten (Dutch part) 0.00%
Belgium 0.00%
Channel Islands 0.00%
Spain 0.00%
Greenland 0.00%
Israel 0.00%
Luxembourg 0.00%
Netherlands 0.00%
Portugal 0.00%
Sweden 0.00%
Virgin Islands (U.S.) 0.00%
Austria 0.00%
Switzerland 0.00%
Denmark 0.00%
Greece 0.00%
Lithuania 0.00%
New Caledonia 0.00%
Puerto Rico 0.00%
Slovenia 0.00%
British Virgin Islands 0.00%
Germany 0.00%
Gibraltar 0.00%
Ireland 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Poland 0.00%
Slovak Republic 0.00%
Antigua and Barbuda 0.00%
Brunei 0.00%
Czech Republic 0.00%
United Kingdom 0.00%
Isle of Man 0.00%
Kuwait 0.00%
Malta 0.00%
Palau 0.00%
San Marino 0.00%
Uruguay 0.00%
Argentina 0.00%
Barbados 0.00%
Cyprus 0.00%
Faroe Islands 0.00%
Hungary 0.00%
South Korea 0.00%
Monaco 0.00%
Panama 0.00%
Singapore 0.00%
Trinidad and Tobago 0.00%
Canada Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2022 61.42% -9.66%
2021 71.07% -3.48%
2020 74.55% 21.19%
2019 53.36% 0.21%
2018 53.15% -1.31%
2017 54.46% -1.56%
2016 56.02% 0.03%
2015 55.99% 4.51%
2014 51.48% -1.72%
2013 53.20% -2.52%
2012 55.73% 1.61%
2011 54.12% 0.97%
2010 53.15% -0.04%
2009 53.19% 7.87%
2008 45.32% 6.16%
2007 39.16% -4.13%
2006 43.29% -2.77%
2005 46.06% -0.74%
2004 46.80% -4.47%
2003 51.27% -2.88%
2002 54.15% -3.31%
2001 57.46% -1.28%
2000 58.74% -7.51%
1999 66.25% -6.24%
1998 72.48% -2.45%
1997 74.93% -3.11%
1996 78.04% 0.73%
1995 77.31% 77.31%
1994 0.00% 0.00%
1993 0.00% 0.00%
1992 0.00% 0.00%
1991 0.00% 0.00%
1990 0.00% 0.00%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%