Public Debt in Canada
Public debt in Canada averaged 92.2% of GDP in the decade to 2023, above the average for Major Economies of 92.2% of GDP. Public debt in 2023 was 104% of GDP. For more information on public debt, visit our dedicated page
Canada Public Debt Chart
Note: This chart displays Public Debt (% of GDP) for Canada from 2023 to 2022.
Source: Macrobond.
Canada Public Debt Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 128.6 | 117.8 | 98.8 | 104.0 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Canadian public debt projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable public debt forecast available for Canadian public debt.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Canadian public debt projections.
Want to get access to the full dataset of Canadian public debt forecasts? Send an email to info@focus-economics.com.