Canada recorded a Government Debt to GDP of 110.80 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Canada averaged 82.13 percent of GDP from 1980 until 2024, reaching an all time high of 118.10 percent of GDP in 2020 and a record low of 44.90 percent of GDP in 1980. source: IMF
Government Debt to GDP in Canada is expected to reach 113.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Gross Debt to GDP is projected to trend around 115.00 percent of GDP in 2026 and 118.00 percent of GDP in 2027, according to our econometric models.