Australia vs Canada

Australia vs Canada: Government debt

Government debt in 2025: 51.9% of GDP in Australia and 113.6% of GDP in Canada, by IMF estimates. In 2025 the value was higher in Canada, by 61.7 percentage points, or 2.19 times that in Australia.

Watch it change on the map

% of GDP · IMF

Australia vs Canada: Government debtGovernment debt in 2025: 51.9% of GDP in Australia and 113.6% of GDP in Canada, by IMF estimates. In 2025 the value was higher in Canada, by 61.7 percentage points, or 2.19 times that in Australia.
AustraliaCanadaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Canada has been higher in every year both have figures for since 1989.
  • In 2025, Australia ranked 79 and Canada ranked 8 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Australia at 54.3% of GDP and Canada at 107% of GDP in 2031.

Every year

% of GDP · IMF

YearAustraliaCanada
202551.9113.6
202450.9110
202349.4105.1
202250103.5
202155.4112.6
202056.9118.1
201946.590.1
201841.690.8
20174191
201640.592.5
201537.692.3
201433.985.8
201330.387.7
201227.487
20112484.3
201020.384
200916.681.8
200811.770.4
20079.667.2
20069.969.9
200510.870.6
200411.971.9
200313.275.9
20021579.6
200117.181.5
200019.580.4
199922.589
199823.793.3
199725.995.3
199629.3100.2
199531.1100.1
199431.797.5
199330.694.7
199227.688.2
199121.681.7
199016.473.7
19891771
1988–69.8
1987–69.8
1986–69.3
1985–65.2
1984–60.2
1983–57.2
1982–51.7
1981–46.1
1980–44.6
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearAustraliaCanada
202652.6115.6
202753.2113.4
202853.7111.8
202954.1110.4
203054.3108.8
203154.3107

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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