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

by | Dec 24, 2024 | Canada, Population

Revenue includes taxes, social contributions, grants, and other income streams that enhance the government’s net worth—the difference between its total assets and liabilities (GFSM 2001, paragraph 4.20). It is important to note that transactions altering only the composition of the balance sheet, such as proceeds from the sale of assets or the assumption of new liabilities, do not impact net worth.

STATS

Canada’s General Government Revenue as Percent of GDP in 2024

In 2024, the general government revenue as percent of GDP was 41.1%.

41.1%
2024 Canada’s General Government Revenue as Percent of GDP
41.8%
2023 Canada’s General Government Revenue as Percent of GDP
-0.7%
Growth in Canada’s General Government Revenue from 2023 to 2024

The annual growth in Canada’s General Government Revenue 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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