Canada Government Debt to GDP — 2026 Data & Trend
Canada's government debt was 113.58% in December 2025, up from 110.02% the previous year. A year earlier it stood at 110.02%.
Canada's government debt stands at 113.58% as of December 2025. The government debt currently sits at 113.58% (up from 110.02% in the prior year). Across the tracked window it has ranged between 67.18% and 118.06%, and is 3.56% higher than a year ago.
The trend
Among the 192 economies tracked on this platform, Canada ranks #15 on government debt by latest value. It rose from 110.02% in the previous year, and compares with a year-earlier 110.02%.
What's driving it
The debt ratio moves with budget deficits, growth, interest costs and the currency; faster nominal growth lowers it, while wide deficits push it up.
Recent readings
| Period | Government debt |
|---|---|
| Dec 2025 | 113.58% |
| Dec 2024 | 110.02% |
| Dec 2023 | 105.07% |
| Dec 2022 | 103.54% |
| Dec 2021 | 112.61% |
| Dec 2020 | 118.06% |
| Dec 2019 | 90.11% |
| Dec 2018 | 90.76% |
Data: Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
How Much Government Debt Does Canada Have in 2026?
Canada's government debt was 113.58% in December 2025, up from 110.02% the previous year. A year earlier it stood at 110.02%.
Is the government debt rising or falling in Canada?
It rose in the latest reading — 113.58% in December 2025 versus 110.02% a year earlier. Year on year it is higher.
What is government debt?
It measures total public debt expressed as a share of gross domestic product (debt-to-GDP).