Canada

Government debt in Canada

Government debt in Canada: 44.6% of GDP in 1980 and 113.6% of GDP in 2025, by IMF estimates.

Latest, 2025
113.6% of GDP
Since 1980
+69 percentage points
Rank, 2025
8 of 149
counting from the highest
Projected, 2031
107% of GDP
IMF projection (World Economic Outlook, October 2026)
Watch it change on the map

% of GDP · IMF

Government debt in CanadaGovernment debt in Canada: 44.6% of GDP in 1980 and 113.6% of GDP in 2025, by IMF estimates. The IMF projection (World Economic Outlook, October 2026) puts it at 107% of GDP in 2031.
Estimates, IMFIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • The IMF projection (World Economic Outlook, October 2026) puts it at 107% of GDP in 2031.
  • The highest was 118.1% of GDP in 2020, the lowest 44.6% of GDP in 1980.

Every year

% of GDP · IMF

YearCanada
2025113.6
2024110
2023105.1
2022103.5
2021112.6
2020118.1
201990.1
201890.8
201791
201692.5
201592.3
201485.8
201387.7
201287
201184.3
201084
200981.8
200870.4
200767.2
200669.9
200570.6
200471.9
200375.9
200279.6
200181.5
200080.4
199989
199893.3
199795.3
1996100.2
1995100.1
199497.5
199394.7
199288.2
199181.7
199073.7
198971
198869.8
198769.8
198669.3
198565.2
198460.2
198357.2
198251.7
198146.1
198044.6
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearCanada
2026115.6
2027113.4
2028111.8
2029110.4
2030108.8
2031107

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

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