Canada vs Sweden: Government debt
Government debt in 2025: 113.6% of GDP in Canada and 34.6% of GDP in Sweden, by IMF estimates. In 2025 the value was higher in Canada, by 79.1 percentage points, or 3.29 times that in Sweden.
CanadaSweden
Watch it change on the mapChange since 1993, percentage points · IMF
Latest figures
% of GDP · IMF
| Country | Latest | 10 years before | Rank in 2025 | Projected |
|---|---|---|---|---|
| Canada | 113.6 2025 | 92.3 | 8 of 149 | 107 2031 |
| Sweden | 34.6 2025 | 44.8 | 118 of 149 | 30.7 2031 |
What the numbers say
- Canada has been higher in every year both have figures for since 1993.
- In 2025, Canada ranked 8 and Sweden ranked 118 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Canada at 107% of GDP and Sweden at 30.7% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Canada | Sweden |
|---|---|---|
| 2025 | 113.6 | 34.6 |
| 2024 | 110 | 33.9 |
| 2023 | 105.1 | 32.2 |
| 2022 | 103.5 | 34.4 |
| 2021 | 112.6 | 37.2 |
| 2020 | 118.1 | 40.5 |
| 2019 | 90.1 | 36 |
| 2018 | 90.8 | 40.2 |
| 2017 | 91 | 41.9 |
| 2016 | 92.5 | 43.2 |
| 2015 | 92.3 | 44.8 |
| 2014 | 85.8 | 46.1 |
| 2013 | 87.7 | 41.2 |
| 2012 | 87 | 38.1 |
| 2011 | 84.3 | 37.8 |
| 2010 | 84 | 38.7 |
| 2009 | 81.8 | 41.3 |
| 2008 | 70.4 | 38 |
| 2007 | 67.2 | 39.3 |
| 2006 | 69.9 | 43.9 |
| 2005 | 70.6 | 49 |
| 2004 | 71.9 | 48.7 |
| 2003 | 75.9 | 49.5 |
| 2002 | 79.6 | 49.9 |
| 2001 | 81.5 | 52 |
| 2000 | 80.4 | 50.4 |
| 1999 | 89 | 60.3 |
| 1998 | 93.3 | 65.4 |
| 1997 | 95.3 | 67.7 |
| 1996 | 100.2 | 68.9 |
| 1995 | 100.1 | 68.7 |
| 1994 | 97.5 | 68.6 |
| 1993 | 94.7 | 66.1 |
| 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 | Sweden |
|---|---|---|
| 2026 | 115.6 | 35.1 |
| 2027 | 113.4 | 35.5 |
| 2028 | 111.8 | 34.8 |
| 2029 | 110.4 | 33.6 |
| 2030 | 108.8 | 32.3 |
| 2031 | 107 | 30.7 |
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