Canada’s Government Expenditure as % of GDP (1980–2029)

by | Dec 24, 2024 | Canada, Population

Gross debt encompasses all liabilities that require the debtor to make payments of interest and/or principal to the creditor at specified future dates. This includes debt in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions, standardized guarantee schemes, and other accounts payable. In the GFSM 2001 framework, all liabilities are considered debt, except for equity, investment fund shares, financial derivatives, and employee stock options. Debt can be valued at current market value, nominal value, or face value (GFSM 2001, paragraph 7.110).

STATS

Canada’s Government Gross Debt as Percent of GDP in 2024

In 2024, the government gross debt as percent of GDP was 104.723%.

104.7%
2024 Canada’s General Government Gross Debt
107.1%
2024 Canada’s General Government Gross Debt
-2.41%
Growth in Canada’s General Government Gross Debt from 2023 to 2024

The annual growth in Canada’s Government Gross Debt from 2024 to 2029.

Data Source:

Source Name:

International Monetary Fund, World Economic Outlook Database, April 2024

Source Link:

imf.org

Published Date:

October 2024

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