Canada recorded a Government Debt to GDP of 113.50 percent of the country's Gross Domestic Product in 2025. Government Debt to GDP in Canada averaged 82.96 percent of GDP from 1980 until 2025, reaching an all time high of 118.10 percent of GDP in 2020 and a record low of 44.60 percent of GDP in 1980. source: IMF
Government Debt to GDP in Canada is expected to reach 115.00 percent of GDP by the end of 2026, 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 118.00 percent of GDP in 2027 and 120.00 percent of GDP in 2028, according to our econometric models.