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24Peaks / North America / Canada / Gross Operating Balance (% of GDP)

Canada - Gross Operating Balance (% of GDP) 2.5

IMF GFS (accrual) · updated 2026-10-03 · 102 economies tracked

Latest value

2.5 (2025)

Global rank

##1 of 102 economies

Share of global total

-37.0%

Growth since 2017

0.66×

Ranking Race — Gross Operating Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#16#31#46#61#76#91201720222025#36#12022 overtook Serbia2025 overtook Naoero
CanadaTürkiyeNew ZealandUnited StatesMauritius

Real annual global ranks, 2017 - 2025. Canada climbed from #36 to #1 (overtook Serbia). Gaps in a lane = missing data that year.

Key events for Canada ↓

Key Events — Canada

Auto-detected from rank data + curated milestones

2020
Fell 41 places in global rank auto
2020
COVID-19 recession curated

Sharpest contraction in decades despite fiscal support.

2021
Climbed 44 places in global rank auto
2022
Overtook Serbia in global rank auto
2022
Climbed 18 places in global rank auto
2025
Overtook Naoero in global rank auto
2025
Climbed 37 places in global rank auto

Gross Operating Balance (% of GDP), 2017-2025

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
201720222025-6.88-3.150.584.31

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Related indicators

Primary Balance (% of GDP), Government Net Lending and Borrowing (% of GDP), Fiscal Balance (% of GDP)

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