Canada vs Mexico
Canada vs Mexico: Government debt
Government debt in 2025: 113.6% of GDP in Canada and 61.7% of GDP in Mexico, by IMF estimates. In 2025 the value was higher in Canada, by 51.9 percentage points, or 1.84 times that in Mexico.
% of GDP · IMF
What the numbers say
- Canada has been higher in every year both have figures for since 1996.
- In 2025, Canada ranked 8 and Mexico ranked 52 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Canada at 107% of GDP and Mexico at 64.5% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Canada | Mexico |
|---|---|---|
| 2025 | 113.6 | 61.7 |
| 2024 | 110 | 59 |
| 2023 | 105.1 | 52.7 |
| 2022 | 103.5 | 53.8 |
| 2021 | 112.6 | 56.7 |
| 2020 | 118.1 | 58.5 |
| 2019 | 90.1 | 51.9 |
| 2018 | 90.8 | 52.2 |
| 2017 | 91 | 52.5 |
| 2016 | 92.5 | 55 |
| 2015 | 92.3 | 51 |
| 2014 | 85.8 | 47.1 |
| 2013 | 87.7 | 44.1 |
| 2012 | 87 | 40.8 |
| 2011 | 84.3 | 41.2 |
| 2010 | 84 | 40.2 |
| 2009 | 81.8 | 41.7 |
| 2008 | 70.4 | 40.6 |
| 2007 | 67.2 | 35.5 |
| 2006 | 69.9 | 35.8 |
| 2005 | 70.6 | 36.8 |
| 2004 | 71.9 | 38.9 |
| 2003 | 75.9 | 42.1 |
| 2002 | 79.6 | 39.9 |
| 2001 | 81.5 | 37.3 |
| 2000 | 80.4 | 38.5 |
| 1999 | 89 | 41.7 |
| 1998 | 93.3 | 39.7 |
| 1997 | 95.3 | 39.1 |
| 1996 | 100.2 | 42.5 |
| 1995 | 100.1 | – |
| 1994 | 97.5 | – |
| 1993 | 94.7 | – |
| 1992 | 88.2 | – |
| 1991 | 81.7 | – |
| 1990 | 73.7 | – |
| 1989 | 71 | – |
| 1988 | 69.8 | – |
| 1987 | 69.8 | – |
| 1986 | 69.3 | – |
| 1985 | 65.2 | – |
| 1984 | 60.2 | – |
| 1983 | 57.2 | – |
| 1982 | 51.7 | – |
| 1981 | 46.1 | – |
| 1980 | 44.6 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Canada | Mexico |
|---|---|---|
| 2026 | 115.6 | 62.1 |
| 2027 | 113.4 | 62.9 |
| 2028 | 111.8 | 63.4 |
| 2029 | 110.4 | 64 |
| 2030 | 108.8 | 64.3 |
| 2031 | 107 | 64.5 |
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 Mexico
Health
- Life expectancyCanada: 82.6 years in 2023Mexico: 75.1 years in 2023
- Child mortalityCanada: 0.5 per 100 live births in 2024Mexico: 1.3 per 100 live births in 2024
- Infant mortalityCanada: 4.3 per 1,000 live births in 2023Mexico: 10.4 per 1,000 live births in 2023
- Safe drinking waterCanada: 99% in 2022Mexico: 43% in 2022
- DepressionCanada: 3.99% in 2017Mexico: 2.79% in 2017
- Suicide rateCanada: 10.9 per 100,000 people in 2017Mexico: 5.9 per 100,000 people in 2017
People
- PopulationCanada: 39.3 million people in 2023Mexico: 130 million people in 2023
- Population growthCanada: 1.22% a year in 2023Mexico: 0.88% a year in 2023
- Fertility rateCanada: 1.35 births per woman in 2023Mexico: 1.91 births per woman in 2023
- Urban populationCanada: 82.9% in 2025Mexico: 80% in 2025
- Median ageCanada: 40.3 years in 2023Mexico: 28.9 years in 2023
- People aged 65 and overCanada: 19.4% in 2023Mexico: 8% in 2023
- Net migration rateCanada: 11 per 1,000 people in 2023Mexico: -0.8 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingCanada: 1.63% of GDP in 2025Mexico: 0.74% of GDP in 2025
- Military spending in US dollarsCanada: $37.5B in 2025Mexico: $13.8B in 2025
- Military spending per personCanada: $939 in 2025Mexico: $104 in 2025
- Military share of state spendingCanada: 3.7% of government spending in 2025Mexico: 2.5% of government spending in 2025
- Armed forces personnelCanada: 72,000 people in 2020Mexico: 341,000 people in 2020
- National powerCanada: 0.81% of world capability in 2022Mexico: 1.14% of world capability in 2022
- Armed forces, share of workersCanada: 0.35% of the labour force in 2020Mexico: 0.64% of the labour force in 2020
- Arms importsCanada: 83 million TIV in 2025Mexico: 9 million TIV in 2025
- Arms exportsCanada: 312 million TIV in 2025Mexico: 1 million TIV in 2019