Belgium vs Canada

Belgium vs Canada: Government debt

Government debt in 2025: 107.9% of GDP in Belgium and 113.6% of GDP in Canada, by IMF estimates. In 2025 the value was higher in Canada, by 5.7 percentage points, or 1.05 times that in Belgium.

Watch it change on the map

% of GDP · IMF

Belgium vs Canada: Government debtGovernment debt in 2025: 107.9% of GDP in Belgium and 113.6% of GDP in Canada, by IMF estimates. In 2025 the value was higher in Canada, by 5.7 percentage points, or 1.05 times that in Belgium.
BelgiumCanadaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Canada has been higher since 2020, when it overtook Belgium.
  • In 2025, Belgium ranked 9 and Canada ranked 8 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Belgium at 122.1% of GDP and Canada at 107% of GDP in 2031.

Every year

% of GDP · IMF

YearBelgiumCanada
2025107.9113.6
2024103.9110
2023102.5105.1
2022103.3103.5
2021108.7112.6
2020111.4118.1
201997.790.1
2018100.190.8
2017102.591
2016105.592.5
2015105.692.3
2014106.685.8
201310587.7
2012104.387
2011102.784.3
2010100.284
200999.981.8
200893.270.4
200787.367.2
200691.569.9
200595.170.6
200497.271.9
2003101.775.9
2002105.479.6
2001108.281.5
2000109.680.4
1999115.489
1998119.293.3
1997124.395.3
1996129100.2
1995131.3100.1
1994137.197.5
1993138.994.7
1992134.788.2
1991131.881.7
1990130.373.7
1989126.471
1988129.769.8
1987129.269.8
1986124.769.3
1985119.465.2
1984114.660.2
1983110.357.2
198299.651.7
198189.746.1
198076.844.6
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearBelgiumCanada
2026109.8115.6
2027111.6113.4
2028114.1111.8
2029116.4110.4
2030119.3108.8
2031122.1107

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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