Gross public sector debt as a share of gross domestic product in Canada
Canada: Gross public sector debt as a share of gross domestic product was 47.4% in 2024. ▲ Rising
Gross public sector debt as a share of gross domestic product in Canada, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, gross public sector debt as a share of gross domestic product in Canada stood at 47.4%.
The figure is up 3.0% on the previous year and up 40.8% over ten years.
Over the whole period, gross public sector debt as a share of gross domestic product in Canada peaked at 51.0% in 2020 and was at its lowest, 24.4%, in 2007.
Canada ranks 28th of 49 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross public sector debt as a share of gross domestic product in Canada, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 40.8% | — |
| 2001 | 39.1% | -4.3% |
| 2002 | 37.5% | -3.9% |
| 2003 | 35.3% | -6.0% |
| 2004 | 31.5% | -10.8% |
| 2005 | 29.2% | -7.2% |
| 2006 | 27.1% | -7.5% |
| 2007 | 24.4% | -9.7% |
| 2008 | 28.4% | +16.4% |
| 2009 | 36.2% | +27.4% |
| 2010 | 36.6% | +1.0% |
| 2011 | 36.4% | -0.6% |
| 2012 | 37.0% | +1.8% |
| 2013 | 36.5% | -1.5% |
| 2014 | 33.7% | -7.6% |
| 2015 | 35.1% | +4.2% |
| 2016 | 35.6% | +1.5% |
| 2017 | 34.7% | -2.7% |
| 2018 | 33.4% | -3.7% |
| 2019 | 33.0% | -1.4% |
| 2020 | 51.0% | +54.8% |
| 2021 | 50.0% | -1.9% |
| 2022 | 45.5% | -9.0% |
| 2023 | 46.1% | +1.2% |
| 2024 | 47.4% | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.0% | 24.4% | 40.8% | 10 |
| 2010s | 35.2% | 33.0% | 37.0% | 10 |
| 2020s | 48.0% | 45.5% | 51.0% | 5 |
Countries ranked near Canada
More economy & growth data for Canada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8812 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.66 Percent per annum (2029)
- Services, value added (constant LCU), per capita 44,154 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 2.55 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 2.6 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9375 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 52,219 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.75 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.31 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 73,008 current LCU per person (2025)
Frequently asked questions
- What is gross public sector debt as a share of gross domestic product in Canada?
- Gross public sector debt as a share of gross domestic product in Canada was 47.4% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest gross public sector debt as a share of gross domestic product recorded in Canada?
- The highest recorded value was 51.0% in 2020.
- What is the lowest gross public sector debt as a share of gross domestic product recorded in Canada?
- The lowest recorded value was 24.4% in 2007.
- How does Canada rank for gross public sector debt as a share of gross domestic product?
- Canada ranks 28th out of 49 countries with data for 2024.
- Is gross public sector debt as a share of gross domestic product rising or falling in Canada?
- Over the last ten years it is up 40.8%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Gross public sector debt as a share of gross domestic product. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).