24Peaks / North America / Canada / Government Debt

Canada - Government Debt 110.77

IMF Global Debt Database · updated 2026-10-03 · 88 economies tracked

Latest value

110.77 (2024)

Global rank

##82 of 88 economies

Share of global total

2.2%

Growth since 1950

1.26×

Ranking Race — Government Debt

1 = global #1 · lower value ranks higher

#1#14#27#40#53#66#79195019651980199520102024#7#822017 overtook Egypt, Arab Rep.2021 overtook France
CanadaTurkmenistanKiribatiMicronesia, Fed. Sts.Marshall Islands

Real annual global ranks, 1950 - 2024. Canada climbed from #7 to #82 (overtook Egypt, Arab Rep.). 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.

2009
Global crisis recession curated

Trade collapse hits the open economy.

2015
Oil price shock curated

Crude collapse hurts energy-heavy provinces.

2017
Overtook Egypt, Arab Rep. in global rank auto
2020
COVID-19 recession curated

Sharpest contraction in decades despite fiscal support.

2021
Overtook France in global rank auto

Government Debt, 1950-2024

IMF Global Debt Database · % of GDP · linear scale · ranking in the race above
19501965198019952010202442.8467.9292.99118.07
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