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

Canada - Primary Balance (% of GDP) 1.7

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

Latest value

1.7 (2025)

Global rank

##2 of 102 economies

Share of global total

-21.6%

Growth since 2017

0.6×

Ranking Race — Primary Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#17#33#49#65#81201720222025#19#22022 overtook Samoa2025 overtook Norway
CanadaTürkiyeNew ZealandUnited StatesMauritius

Real annual global ranks, 2017 - 2025. Canada climbed from #19 to #2 (overtook Samoa). Gaps in a lane = missing data that year.

Key events for Canada ↓

Key Events — Canada

Auto-detected from rank data + curated milestones

2020
Fell 70 places in global rank auto
2020
COVID-19 recession curated

Sharpest contraction in decades despite fiscal support.

2021
Climbed 59 places in global rank auto
2022
Overtook Samoa in global rank auto
2022
Climbed 15 places in global rank auto
2025
Overtook Norway in global rank auto
2025
Climbed 21 places in global rank auto

Primary Balance (% of GDP), 2017-2025

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
201720222025-7.9-4.13-0.373.4

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Related indicators

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

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