National Debt (% of GDP): Canada
Canada's national debt (% of gdp) is currently 113.0% as of 2026. # Canada National Debt (% of GDP) Canada's national debt stands at 113% of GDP in 2026, reflecting a substantial fiscal burden that has grown 153.
Current (2026)
113.0%
-0.8% y/y
Peak (2020)
118.1%
Low (1980)
44.6%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
National Debt (% of GDP) — Canada
1980 — 2026
National Debt (% of GDP) — Canada
Analysis# Canada National Debt (% of GDP)
Canada's national debt stands at 113% of GDP in 2026, reflecting a substantial fiscal burden that has grown 153.4% since 1980, when it reached a low of 44.6%. The current level remains well below the all-time peak of 118.1% recorded in 2020 during the pandemic, yet significantly elevated compared to pre-crisis levels around 90% in the late 2010s.
The most striking inflection point occurred between 2019 and 2020, when debt spiked 27.9 percentage points as pandemic-related spending surged. Since that peak, Canada has gradually reduced its debt ratio, declining from 118.1% to 113% over six years. Projections suggest stabilization near current levels through 2026, indicating that while debt remains elevated by historical standards, the trajectory has shifted from crisis-driven expansion toward relative stability.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 107.9% | -1.64% |
| 2029 | 109.7% | -0.90% |
| 2028 | 110.7% | -0.98% |
| 2027 | 111.8% | -1.06% |
| 2026 | 113.0% | -0.79% |
| 2025 | 113.9% | +2.34% |
| 2024 | 111.3% | +3.34% |
| 2023 | 107.7% | +3.36% |
| 2022 | 104.2% | -7.46% |
| 2021 | 112.6% | -4.66% |
| 2020 | 118.1% | +30.93% |
| 2019 | 90.2% | -0.66% |
| 2018 | 90.8% | -0.11% |
| 2017 | 90.9% | -1.62% |
| 2016 | 92.4% | +0.43% |
| 2015 | 92.0% | +7.60% |
| 2014 | 85.5% | -2.40% |
| 2013 | 87.6% | +0.46% |
| 2012 | 87.2% | +3.44% |
| 2011 | 84.3% | +0.36% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 84.0% | +2.69% |
| 2009 | 81.8% | +16.19% |
| 2008 | 70.4% | +4.76% |
| 2007 | 67.2% | -3.86% |
| 2006 | 69.9% | -0.99% |
| 2005 | 70.6% | -1.81% |
| 2004 | 71.9% | -5.27% |
| 2003 | 75.9% | -4.65% |
| 2002 | 79.6% | -2.33% |
| 2001 | 81.5% | +1.37% |
| 2000 | 80.4% | -9.66% |
| 1999 | 89.0% | -4.61% |
| 1998 | 93.3% | -2.10% |
| 1997 | 95.3% | -4.89% |
| 1996 | 100.2% | +0.10% |
| 1995 | 100.1% | +2.67% |
| 1994 | 97.5% | +2.96% |
| 1993 | 94.7% | +7.37% |
| 1992 | 88.2% | +7.96% |
| 1991 | 81.7% | +10.85% |
| 1990 | 73.7% | +3.80% |
| 1989 | 71.0% | +1.87% |
| 1988 | 69.7% | -0.14% |
| 1987 | 69.8% | +0.72% |
| 1986 | 69.3% | +6.29% |
| 1985 | 65.2% | +8.31% |
| 1984 | 60.2% | +5.24% |
| 1983 | 57.2% | +10.64% |
| 1982 | 51.7% | +12.15% |
| 1981 | 46.1% | +3.36% |
| 1980 | 44.6% | — |
Related Data
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