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

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General Government Total Expenditure (% of GDP)

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).

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Source:

• International Monetary Fund, World Economic Outlook Database, April 2024

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