Canada recorded a government debt equivalent to 89.70 percent of the country's Gross Domestic Product in 2018/2019 fiscal year. source: IMF

Government Debt to GDP in Canada averaged 78.23 percent from 1980 until 2018, reaching an all time high of 100.20 percent in 1996 and a record low of 44.90 percent in 1980. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Gross Debt to GDP - values, historical data and charts - was last updated on February of 2021.

Government Debt to GDP in Canada is expected to reach 97.00 percent by the end of 2020, 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 95.00 percent in 2021 and 90.00 percent in 2022, according to our econometric models.

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Canada Government Gross Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
88.60 89.70 100.20 44.90 1980 - 2019 percent Yearly

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 88.60 89.70 100.20 44.90 percent [+]
Government Budget -1.50 -0.60 5.10 -8.10 percent of GDP [+]
Government Budget Value -15400.00 -18506.00 5770.00 -43932.00 CAD Million [+]
Government Spending 425273.00 412017.00 427348.00 91244.00 CAD Million [+]
Government Revenues 25214.00 24067.00 32159.00 3384.00 CAD Million [+]
Fiscal Expenditure 39055.00 40997.00 59422.00 5565.00 CAD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 21352.00 21343.00 21352.00 3730.00 USD Million [+]
Government Debt 721.36 685.45 721.36 14.83 CAD Billion [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]

Canada Government Gross Debt to GDP
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.