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.
BelgiumCanada
Watch it change on the mapLatest figures
% of GDP · IMF
| Country | Latest | 10 years before | Rank in 2025 | Projected |
|---|---|---|---|---|
| Belgium | 107.9 2025 | 105.6 | 9 of 149 | 122.1 2031 |
| Canada | 113.6 2025 | 92.3 | 8 of 149 | 107 2031 |
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
| Year | Belgium | Canada |
|---|---|---|
| 2025 | 107.9 | 113.6 |
| 2024 | 103.9 | 110 |
| 2023 | 102.5 | 105.1 |
| 2022 | 103.3 | 103.5 |
| 2021 | 108.7 | 112.6 |
| 2020 | 111.4 | 118.1 |
| 2019 | 97.7 | 90.1 |
| 2018 | 100.1 | 90.8 |
| 2017 | 102.5 | 91 |
| 2016 | 105.5 | 92.5 |
| 2015 | 105.6 | 92.3 |
| 2014 | 106.6 | 85.8 |
| 2013 | 105 | 87.7 |
| 2012 | 104.3 | 87 |
| 2011 | 102.7 | 84.3 |
| 2010 | 100.2 | 84 |
| 2009 | 99.9 | 81.8 |
| 2008 | 93.2 | 70.4 |
| 2007 | 87.3 | 67.2 |
| 2006 | 91.5 | 69.9 |
| 2005 | 95.1 | 70.6 |
| 2004 | 97.2 | 71.9 |
| 2003 | 101.7 | 75.9 |
| 2002 | 105.4 | 79.6 |
| 2001 | 108.2 | 81.5 |
| 2000 | 109.6 | 80.4 |
| 1999 | 115.4 | 89 |
| 1998 | 119.2 | 93.3 |
| 1997 | 124.3 | 95.3 |
| 1996 | 129 | 100.2 |
| 1995 | 131.3 | 100.1 |
| 1994 | 137.1 | 97.5 |
| 1993 | 138.9 | 94.7 |
| 1992 | 134.7 | 88.2 |
| 1991 | 131.8 | 81.7 |
| 1990 | 130.3 | 73.7 |
| 1989 | 126.4 | 71 |
| 1988 | 129.7 | 69.8 |
| 1987 | 129.2 | 69.8 |
| 1986 | 124.7 | 69.3 |
| 1985 | 119.4 | 65.2 |
| 1984 | 114.6 | 60.2 |
| 1983 | 110.3 | 57.2 |
| 1982 | 99.6 | 51.7 |
| 1981 | 89.7 | 46.1 |
| 1980 | 76.8 | 44.6 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Belgium | Canada |
|---|---|---|
| 2026 | 109.8 | 115.6 |
| 2027 | 111.6 | 113.4 |
| 2028 | 114.1 | 111.8 |
| 2029 | 116.4 | 110.4 |
| 2030 | 119.3 | 108.8 |
| 2031 | 122.1 | 107 |
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