Canada Government Debt To GDP

Canada recorded a Government Debt to GDP of 84.60 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Canada is reported by the International Monetary Fund. From 1988 until 2012, Canada Government Debt To GDP averaged 83.4 Percent reaching an all time high of 101.7 Percent in December of 1996 and a record low of 66.5 Percent in December of 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
84.60 85.00 101.70 66.50 84.23 | 2013/12 1988 - 2012 Percent Yearly

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Canada Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 2159.00 2014-01-15 1148.00 5770.00 -9919.00 1214.23 2014-02-28 CAD Million [+]
Government Spending 350496.00 2013-11-15 349082.00 350496.00 60608.00 350690.26 2014-03-31 CAD Million [+]
Government Debt To GDP 84.60 2012-12-31 85.00 101.70 66.50 84.23 2013-12-31 Percent [+]
Government Budget -1.00 2013-06-30 -1.50 5.10 -8.30 -0.95 2013-12-31 Percent of GDP [+]
Credit Rating 98.06 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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