24Peaks / North America / Canada / Government Total Liabilities (% of GDP)

Canada - Government Total Liabilities (% of GDP) 127.96

IMF Government Finance Statistics · updated 2026-10-03 · 78 economies tracked

Latest value

127.96 (2025)

Global rank

##2 of 78 economies

Share of global total

35.8%

Growth since 1990

1.19×

Ranking Race — Government Total Liabilities (% of GDP)

1 = global #1 · higher value ranks higher

#1#10#19#28#37#46#5519901995200020052010201520202025#1#22022 overtook Portugal2025 overtook Greece
CanadaUnited StatesNew ZealandTürkiye

Real annual global ranks, 1990 - 2025. Canada climbed from #1 to #2 (overtook Portugal). 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.

2020
COVID-19 recession curated

Sharpest contraction in decades despite fiscal support.

2022
Overtook Portugal in global rank auto
2025
Overtook Greece in global rank auto

Government Total Liabilities (% of GDP), 1990-2025

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
1990200020102020202592.4112.92133.45153.97
Free: latest value, global rank and the ranking race. Subscribers unlock full history, multi-country comparison and export — sign up or login.