Canada vs China

Canada vs China: Government debt

Government debt in 2025: 113.6% of GDP in Canada and 98.6% of GDP in China, by IMF estimates. In 2025 the value was higher in Canada, by 15 percentage points, or 1.15 times that in China.

% of GDP · IMF

Canada vs China: Government debtGovernment debt in 2025: 113.6% of GDP in Canada and 98.6% of GDP in China, by IMF estimates. In 2025 the value was higher in Canada, by 15 percentage points, or 1.15 times that in China.
CanadaChinaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Canada has been higher in every year both have figures for since 1995.
  • In 2025, Canada ranked 8 and China ranked 17 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Canada at 107% of GDP and China at 122.1% of GDP in 2031.

Every year

% of GDP · IMF

YearCanadaChina
2025113.698.6
202411090.5
2023105.184.1
2022103.577.3
2021112.672.1
2020118.170.6
201990.159.9
201890.855.7
20179153.7
201692.550
201592.340.9
201485.839.4
201387.736.6
20128733.9
201184.333
20108433.1
200981.833.9
200870.426.6
200767.228.8
200669.925.2
200570.626
200471.925.9
200375.926.4
200279.625.5
200181.524.2
200080.422.6
19998921.6
199893.320.4
199795.320.4
1996100.221.2
1995100.121.4
199497.5–
199394.7–
199288.2–
199181.7–
199073.7–
198971–
198869.8–
198769.8–
198669.3–
198565.2–
198460.2–
198357.2–
198251.7–
198146.1–
198044.6–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearCanadaChina
2026115.6104.4
2027113.4109.1
2028111.8113.2
2029110.4116.4
2030108.8119.5
2031107122.1

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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