Canada recorded a Government Debt to GDP of 107 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in Canada averaged 80.83 percent of GDP from 1980 until 2022, reaching an all time high of 117.80 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 104.00 percent of GDP by the end of 2023, 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 101.00 percent of GDP in 2024 and 99.00 percent of GDP in 2025, according to our econometric models.