Canada vs Spain

Canada vs Spain: Government debt

Government debt in 2025: 113.6% of GDP in Canada and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in Canada, by 13.1 percentage points, or 1.13 times that in Spain.

Watch it change on the map

% of GDP · IMF

Canada vs Spain: Government debtGovernment debt in 2025: 113.6% of GDP in Canada and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in Canada, by 13.1 percentage points, or 1.13 times that in Spain.
CanadaSpainIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Canada has been higher since 2024, when it overtook Spain.
  • In 2025, Canada ranked 8 and Spain ranked 14 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Canada at 107% of GDP and Spain at 89.4% of GDP in 2031.

Every year

% of GDP · IMF

YearCanadaSpain
2025113.6100.5
2024110101.4
2023105.1105.2
2022103.5109.2
2021112.6115.6
2020118.1119.2
201990.197.6
201890.899.7
201791101.1
201692.5102
201592.3102.4
201485.8104.4
201387.7100
20128789.6
201184.369.5
20108460.3
200981.853.1
200870.439.6
200767.235.7
200669.939
200570.642.4
200471.945.3
200375.947.7
200279.651.2
200181.554.1
200080.457.8
19998960.9
199893.362.4
199795.364.3
1996100.265.4
1995100.161.6
199497.557
199394.754.6
199288.244.1
199181.741.9
199073.741.3
19897139.9
198869.838.5
198769.841.9
198669.342.1
198565.240.9
198460.236
198357.229.5
198251.724.4
198146.119.5
198044.616.1
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearCanadaSpain
2026115.697.6
2027113.495.2
2028111.893.2
2029110.492
2030108.890.7
203110789.4

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 Spain

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