24Peaks / North America / Canada / Sovereign Debt Rating (0-21)

Canada - Sovereign Debt Rating (0-21) 20.67

World Bank · updated 2026-10-03 · 163 economies tracked

Latest value

20.67 (2025)

Global rank

##144 of 163 economies

Share of global total

1.2%

Growth since 1990

0.98×

Ranking Race — Sovereign Debt Rating (0-21)

1 = global #1 · lower value ranks higher

#1#25#49#73#97#12119901995200020052010201520202025#26#1442021 overtook United States2023 overtook New Zealand
CanadaVenezuela, RBLebanonBelarusUkraine

Real annual global ranks, 1990 - 2025. Canada climbed from #26 to #144 (overtook United States). 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.

1997
Fell 15 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.

2020
COVID-19 recession curated

Sharpest contraction in decades despite fiscal support.

2021
Overtook United States in global rank auto
2023
Overtook New Zealand in global rank auto

Sovereign Debt Rating (0-21), 1990-2025

World Bank · 0-21 rating · linear scale · ranking in the race above
1990200020102020202519.3319.8920.4421

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