Canada vs Japan

Canada vs Japan: Government debt

Government debt: 113.6% of GDP in Canada in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 103.6 percentage points, or 1.94 times that in Canada.

% of GDP · IMF

Canada vs Japan: Government debtGovernment debt: 113.6% of GDP in Canada in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 103.6 percentage points, or 1.94 times that in Canada.
CanadaJapanIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher since 1998, when it overtook Canada.
  • The IMF projection (World Economic Outlook, October 2026) puts Canada at 107% of GDP and Japan at 188.9% of GDP in 2031.

Every year

% of GDP · IMF

YearCanadaJapan
2025113.6204.8
2024110213.6
2023105.1220.1
2022103.5228
2021112.6222.6
2020118.1228.8
201990.1206.3
201890.8203.7
201791203.1
201692.5202.1
201592.3200.1
201485.8203.6
201387.7201.2
201287197.1
201184.3190.6
201084178.6
200981.8172.9
200870.4153.6
200767.2150.4
200669.9152.1
200570.6153.4
200471.9148.8
200375.9140.2
200279.6134.6
200181.5126.8
200080.4118.5
199989113.5
199893.3101.6
199795.391.3
1996100.285.3
1995100.180.7
199497.573.3
199394.763.2
199288.257.9
199181.754.1
199073.754.8
19897156.9
198869.862.4
198769.865.8
198669.364.2
198565.259.2
198460.256.9
198357.255.1
198251.750.1
198146.145.8
198044.641.4
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearCanadaJapan
2026115.6199.4
2027113.4196.4
2028111.8193.8
2029110.4191.5
2030108.8190.1
2031107188.9

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 Japan

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