Canada Central Government Debt (% of GDP) (2024)
Canada's Central Government Debt (% of GDP): 64.1 % of GDP in 2024, +3.6pp YoY. World Bank (GC.DOD.TOTL.GD.ZS), 1990–2024.
Canada (2024)
64.1
% of GDP
+3.6pp YoY
YoY Change
+3.6pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 64.1 | +3.6pp |
| 2023 | 60.5 | +1.1pp |
| 2022 | 59.4 | -9.4pp |
| 2021 | 68.8 | -5.8pp |
| 2020 | 74.6 | +21.2pp |
| 2019 | 53.4 | +0.3pp |
| 2018 | 53.1 | -1.4pp |
| 2017 | 54.5 | -1.5pp |
| 2016 | 56 | unchanged |
| 2015 | 56 | +4.5pp |
| 2014 | 51.5 | -1.7pp |
| 2013 | 53.2 | -2.5pp |
| 2012 | 55.7 | +1.6pp |
| 2011 | 54.1 | +1pp |
| 2010 | 53.1 | -0.1pp |
| 2009 | 53.2 | +7.9pp |
| 2008 | 45.3 | +6.1pp |
| 2007 | 39.2 | -4.1pp |
| 2006 | 43.3 | -2.8pp |
| 2005 | 46.1 | -0.7pp |
About this Dataset
Canada recorded 64.1 % of GDP in 2024. The latest change was +3.6pp. Across 1990–2024 the series ranges from 39.2 in 2007 to 78 in 1996.
This page tracks central government debt as a share of GDP in Canada from 1990 to present. Government debt levels set the fiscal space for stimulus and directly price sovereign credit risk.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks central government debt as a share of GDP in Canada from 1990 to present. Government debt levels set the fiscal space for stimulus and directly price sovereign credit risk. It is published by World Bank and updated annually.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1990–2024 (35 observations).
The series peaked at 78 % of GDP in 1996 and reached its lowest recorded value of 39.2 in 2007. The latest reading of 64.1 in 2024 represents a change of +3.6pp.