24Peaks / North America / Canada / General Government Gross Debt (% of GDP)

Canada - General Government Gross Debt (% of GDP) 113.51

World Bank · updated 2026-10-03 · 191 economies tracked

Latest value

113.51 (2025)

Global rank

##175 of 191 economies

Share of global total

1.0%

Growth since 1990

1.54×

Ranking Race — General Government Gross Debt (% of GDP)

1 = global #1 · lower value ranks higher

#1#30#59#88#117#146#17519901995200020052010201520202025#32#1752019 overtook Dominica2022 overtook Belgium
CanadaLiechtensteinBrunei DarussalamTuvaluTurkmenistan

Real annual global ranks, 1990 - 2025. Canada climbed from #32 to #175 (overtook Dominica). Gaps in a lane = missing data that year.

Key events for Canada ↓

Key Events — Canada

Auto-detected from rank data + curated milestones

1994
NAFTA takes effect curated

Continental free trade deepens integration with the US and Mexico.

1995
Fell 21 places in global rank auto
1997
Fell 16 places in global rank auto
2009
Global crisis recession curated

Trade collapse hits the open economy.

2015
Oil price shock curated

Crude collapse hurts energy-heavy provinces.

2019
Overtook Dominica in global rank auto
2020
COVID-19 recession curated

Sharpest contraction in decades despite fiscal support.

2022
Overtook Belgium in global rank auto

General Government Gross Debt (% of GDP), 1990-2025

World Bank · % of GDP · linear scale · ranking in the race above
1990200020102020202567.1884.14101.1118.06

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