Canada Government Debt Over Time (1980–2026)

Global Statistics and Country Indicators

Government Gross Debt (% of GDP)

Global rank: 14 / 184

Data table

1980	44.6%	1992	88.2%	2004	71.9%	2016	92.5%
1981	46.1%	1993	94.7%	2005	70.6%	2017	91%
1982	51.7%	1994	97.5%	2006	69.9%	2018	90.8%
1983	57.2%	1995	100.1%	2007	67.2%	2019	90.1%
1984	60.2%	1996	100.2%	2008	70.4%	2020	118.1%
1985	65.2%	1997	95.3%	2009	81.8%	2021	112.6%
1986	69.3%	1998	93.3%	2010	84%	2022	103.5%
1987	69.8%	1999	89%	2011	84.3%	2023	105.1%
1988	69.7%	2000	80.4%	2012	87%	2024	110%
1989	71%	2001	81.5%	2013	87.7%	2025	113.5%
1990	73.7%	2002	79.6%	2014	85.8%	2026	110.7%
1991	81.7%	2003	75.9%	2015	92.3%

Government Gross Debt (Local currency - CAD)

Data table

1980	143.9B	1992	633.9B	2004	960.2B	2016	1.87T
1981	169.7B	1993	707.7B	2005	1T	2017	1.95T
1982	200.7B	1994	772B	2006	1.05T	2018	2.03T
1983	241B	1995	832.3B	2007	1.06T	2019	2.08T
1984	278.2B	1996	861.9B	2008	1.17T	2020	2.62T
1985	325.8B	1997	864.1B	2009	1.29T	2021	2.86T
1986	365.1B	1998	877.4B	2010	1.4T	2022	2.97T
1987	400.7B	1999	896.7B	2011	1.5T	2023	3.12T
1988	437.2B	2000	889.7B	2012	1.59T	2024	3.42T
1989	476.7B	2001	932.4B	2013	1.67T	2025	3.68T
1990	512.9B	2002	950.2B	2014	1.71T	2026	3.79T
1991	573.1B	2003	952.5B	2015	1.84T

Government Net Debt (% of GDP)

Global rank: 79 / 86

Data table

1980	14.5%	1992	56.7%	2004	34.6%	2016	18.2%
1981	13.6%	1993	62.1%	2005	29.3%	2017	12.8%
1982	19.2%	1994	66.2%	2006	25%	2018	11.8%
1983	25.7%	1995	66.7%	2007	22.1%	2019	8.7%
1984	29.6%	1996	65.9%	2008	22.8%	2020	16.2%
1985	35.3%	1997	61.5%	2009	26.9%	2021	14.1%
1986	39.6%	1998	57.5%	2010	28.4%	2022	13.3%
1987	39.3%	1999	50.5%	2011	29%	2023	12.7%
1988	38.3%	2000	42%	2012	28.6%	2024	10.8%
1989	41.4%	2001	40.3%	2013	27%	2025	10.2%
1990	43.9%	2002	38.9%	2014	22.1%	2026	10.3%
1991	50.3%	2003	35.4%	2015	18.9%

Government Net Debt (Local currency - CAD)

Data table

1980	46.74B	1992	407.5B	2004	462.4B	2016	368.8B
1981	49.98B	1993	463.9B	2005	416.7B	2017	274.3B
1982	74.7B	1994	523.9B	2006	373.8B	2018	264.8B
1983	108.2B	1995	554.5B	2007	348.8B	2019	201.9B
1984	136.8B	1996	566.4B	2008	377.4B	2020	360.6B
1985	176.3B	1997	558B	2009	422.2B	2021	357.8B
1986	208.8B	1998	540.5B	2010	472.8B	2022	381.7B
1987	225.5B	1999	509.1B	2011	515.3B	2023	377.8B
1988	240.4B	2000	464.4B	2012	522.8B	2024	336.8B
1989	277.9B	2001	461.1B	2013	513.9B	2025	330.6B
1990	305.5B	2002	464.9B	2014	440.5B	2026	353.5B
1991	353B	2003	444.6B	2015	377.1B