Canada vs India

Canada vs India: Government debt

Government debt: 113.6% of GDP in Canada in 2025 and 84.8% of GDP in India in 2024, by IMF estimates. In 2024 the value was higher in Canada, by 25.2 percentage points, or 1.3 times that in India.

% of GDP · IMF

Canada vs India: Government debtGovernment debt: 113.6% of GDP in Canada in 2025 and 84.8% of GDP in India in 2024, by IMF estimates. In 2024 the value was higher in Canada, by 25.2 percentage points, or 1.3 times that in India.
CanadaIndiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Canada has been higher since 2009, when it overtook India.
  • The IMF projection (World Economic Outlook, October 2026) puts Canada at 107% of GDP and India at 75.1% of GDP in 2031.

Every year

% of GDP · IMF

YearCanadaIndia
2025113.684.3
202411084.8
2023105.184.8
2022103.584.4
2021112.685.5
2020118.190.4
201990.176.5
201890.871.6
20179170.7
201692.569.8
201592.369.7
201485.867.6
201387.768
20128768.1
201184.368.7
20108467.7
200981.872.7
200870.474.3
200767.275.4
200669.977.9
200570.682.4
200471.984.9
200375.985.9
200279.684.3
200181.580.1
200080.474.9
19998971.3
199893.369.3
199795.369
1996100.267.1
1995100.170.9
199497.574.8
199394.778.3
199288.278.8
199181.776.7
199073.7–
198971–
198869.8–
198769.8–
198669.3–
198565.2–
198460.2–
198357.2–
198251.7–
198146.1–
198044.6–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearCanadaIndia
2026115.683.1
2027113.481.3
2028111.879.9
2029110.478.4
2030108.877
203110775.1

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

Canada vs India

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