Fiatmap

MacroCanada

Government debt in Canada

How indebted is the state my taxes would go to?

Canada's government debt is 113.60 % — #116 of 125 countries on the atlas (lower is better). Period 2025.

113.60%

Checked 24 Oct 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 1.1 years' worth of the country's entire economic output.

Government debt in Canada over time

118.10 %81.35 %44.60 %118.10 % · 202044.60 % · 19801980: 44.60 %1981: 46.10 %1982: 51.70 %1983: 57.20 %1984: 60.20 %1985: 65.20 %1986: 69.30 %1987: 69.80 %1988: 69.70 %1989: 71.00 %1990: 73.70 %1991: 81.70 %1992: 88.20 %1993: 94.70 %1994: 97.50 %1995: 100.10 %1996: 100.20 %1997: 95.30 %1998: 93.30 %1999: 89.00 %2000: 80.40 %2001: 81.50 %2002: 79.60 %2003: 75.90 %2004: 71.90 %2005: 70.60 %2006: 69.90 %2007: 67.20 %2008: 70.40 %2009: 81.80 %2010: 84.00 %2011: 84.30 %2012: 87.00 %2013: 87.70 %2014: 85.80 %2015: 92.30 %2016: 92.50 %2017: 91.00 %2018: 90.80 %2019: 90.10 %2020: 118.10 %2021: 112.60 %2022: 103.50 %2023: 105.10 %2024: 110.00 %2025: 113.60 %198020032025113.60 %
46 official observations, 1980 → 2025. Every point is a published value — never interpolated.
Rank
#116 of 125
lower is better
Ranked behind
7 %
9 of 125 countries
Latest move
▲ 3.60 pp
since 2024
Below its peak
4.50 pp
peak 118.10 % in 2020
Full series
▲ 69.00 pp
since 1980

In Americas: #25 of 26vs median 54.70 %: +58.90 pp (worse)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Canada: ahead of 7 % of the 125 countries with a published government debtCanada 113.60 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Canada is ahead of 7 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Canada
114 Ukraine107.10 %−6.50 pp
115 Belgium107.90 %−5.70 pp
116 Canada113.60 %—
117 France115.50 %+1.90 pp
118 United States124.40 %+10.80 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Canada

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Canada with another country →Everything about Canada →
Did this answer your question?