Canada External Debt: % of GDP

1990 - 2025 | Yearly | % | CEIC Data

Key information about Canada External Debt: % of GDP

  • Canada External Debt accounted for 147.8 % of the country's Nominal GDP in 2025, compared with the ratio of 145.0 % in the previous year.
  • Canada External Debt: % of Nominal GDP data is updated yearly, available from Dec 1990 to Dec 2025.
  • The data reached an all-time high of 149.1 % in Dec 2020 and a record low of 56.2 % in Dec 1990.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and quarterly Nominal GDP. Statistics Canada provides External Debt in local currency and Nominal GDP in local currency.


Related information about Canada External Debt: % of GDP

  • In the latest reports of Canada, Current Account recorded a deficit of 7.0 USD bn in Sep 2025.
  • Foreign Direct Investment (FDI) increased by 18.0 USD bn in Dec 2025.
  • Canada Direct Investment Abroad expanded by 9.7 USD bn in Dec 2025.
  • Its Foreign Portfolio Investment increased by 41.8 USD bn in Dec 2025.
  • The country's External Debt reached 3,497,031.8 in Dec 2025.
  • The country's Nominal GDP was reported at 590.9 USD bn in Sep 2025.

View Canada's External Debt: % of GDP from 1990 to 2025 in the chart:

Canada External Debt: % of GDP

What was Canada's External Debt: % of GDP in 2025?

Canada External Debt accounted for 147.8 % of the country's Nominal GDP in 2025, compared with the ratio of 145.0 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
147.8 2025 145.0 2024 56.2 1990 149.1 2020 % yearly 1990 - 2025

External Debt: % of GDP by Country Comparison

country/region Last
Albania (%) 37.8 2025
Algeria (%) 1.1 2024
Argentina (%) 46.8 2025
Armenia (%) 64.7 2025
Australia (%) 107.6 2025
Austria (%) 154.5 2024
Azerbaijan (%) 14.9 Dec 2021
Bangladesh (%) 11.4 2017
Belarus (%) 40.7 Dec 2025
Belgium (%) 242.8 2025
Bolivia (%) 33.0 2024
Bosnia and Herzegovina (%) 16.4 2025
Botswana (%) 7.8 2025
Brazil (%) 29.0 2025
Bulgaria (%) 50.5 2025
Cambodia (%) 45.4 2024
Canada (%) 147.8 2025
Chile (%) 77.6 2025
China (%) 11.9 2025
Colombia (%) 48.0 2024
Croatia (%) 74.3 2022
Cyprus (%) 617.2 2025
Czech Republic (%) 66.4 2025
Denmark (%) 142.9 2025
Ecuador (%) 49.6 2025
Egypt (%) 42.4 Sep 2025
Estonia (%) 100.4 2025
European Union (%) 106.7 2025
Finland (%) 207.2 2025
France (%) 250.2 2024
Georgia (%) 70.3 2025
Germany (%) 151.3 2025
Ghana (%) 25.7 2025
Greece (%) 237.7 2025
Hong Kong SAR, China (%) 481.9 2025
Hungary (%) 118.0 2025
Iceland (%) 75.3 2025
India (%) 19.1 2025
Indonesia (%) 29.9 2025
Iran (%) 0.8 2025
Ireland (%) 507.4 2025
Israel (%) 26.9 2025
Italy (%) 120.8 2024
Ivory Coast (%) 34.4 2022
Japan (%) 109.4 2025
Jordan (%) 74.1 2025
Kazakhstan (%) 59.5 Dec 2025
Kenya (%) 31.1 2025
South Korea (%) 41.1 2025
Kosovo (%) 40.7 2024
Kuwait (%) 41.3 2024
Kyrgyzstan (%) 68.2 2024
Laos (%) 68.7 2024
Latvia (%) 99.5 Dec 2025
Lebanon (%) 21.3 2023
Lithuania (%) 93.1 2025
Luxembourg (%) 3,937.1 2025
North Macedonia (%) 72.0 2025
Malawi (%) 60.1 2021
Malaysia (%) 68.9 2025
Malta (%) 785.5 2025
Mauritius (%) 1,200.9 2025
Mexico (%) 35.1 2025
Moldova (%) 56.7 2024
Mongolia (%) 159.5 2025
Montenegro (%) 105.7 2024
Morocco (%) 50.8 2022
Mozambique (%) 49.2 2023
Myanmar (%) 18.9 2023
Nepal (%) 17.3 2016
Netherlands (%) 345.3 2025
New Zealand (%) 98.2 2025
Nigeria (%) 12.0 2025
Norway (%) 156.0 2025
Pakistan (%) 33.4 2025
Palestinian Territory (%) 13.1 2024
Panama (%) 167.4 2021
Paraguay (%) 59.8 2025
Peru (%) 33.5 2025
Philippines (%) 30.3 2025
Poland (%) 50.1 2025
Portugal (%) 145.3 2025
Qatar (%) 106.1 2018
Romania (%) 57.5 2024
Russia (%) 12.5 2025
Serbia (%) 60.5 2024
Singapore (%) 402.2 2025
Slovakia (%) 100.8 2025
Slovenia (%) 88.9 2025
South Africa (%) 46.9 2025
Spain (%) 162.9 2024
Sri Lanka (%) 75.0 2022
Sudan (%) 202.2 2021
Sweden (%) 157.5 2025
Switzerland (%) 226.4 2025
Taiwan, China (%) 26.5 2025
Tajikistan (%) 37.7 2021
Thailand (%) 35.4 Dec 2025
Tunisia (%) 73.8 2025
Turkey (%) 32.6 2025

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Canada Key Series

country/region Last
Consolidated Fiscal Balance: % of GDP (%) -1.4 Dec 2025
Consolidated Fiscal Balance (USD mn) 4,146.395 Feb 2026
Tax Revenue (USD mn) 29,539.859 Feb 2026
Tax Revenue: % of GDP (%) 12.9 Dec 2025
National Government Debt (USD mn) 1,517,724.5 2025
Government Debt: % of GDP (%) 69.2 2025
Forecast: Government Expenditure (CAD bn) 1,789.926 2031
Forecast: Government Net Debt (CAD bn) 3,127.329 2028
Forecast: Government Revenue (CAD bn) 1,726.867 2031
Federal Government Debt: % of GDP: Accumulated Deficit (%) 40.700 2025
Net Financing Activities (CAD mn) 7,880.000 Feb 2026
Budgetary Balance: Deficit or Surplus (CAD mn) 5,659.000 Feb 2026
Budgetary Revenue (CAD mn) 48,415.000 Feb 2026
Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) 5,366.000 Feb 2026
Budgetary Expense (CAD mn) -42,756.000 Feb 2026
Budgetary Revenue: Tax Revenues (TR) (CAD mn) 40,316.000 Feb 2026
FIN Forecast: Budgetary Revenue (CAD mn) 612,800.000 2030
FIN Forecast: Budgetary Expense (CAD mn) 643,700.000 2030
FIN Forecast: Budgetary Balance (CAD mn) -23,000.000 2030
FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) 84,700.000 2030
FIN Forecast: Federal Debt (CAD mn) 1,435,700.000 2030
CA: Gross Public Debt: USD: General Government (USD mn) 2,908,830.439 Dec 2025
country/region Last
Forecast: Exports of Goods Growth (%) 3.736 2031
Trade Balance (USD mn) 1,296.9 Mar 2026
Total Exports (USD mn) 53,041.8 Mar 2026
Total Exports Growth (%) 8.8 Mar 2026
Aluminum: Exports (USD th) 9,833,093.660 2024
Exports: Medicament (USD th) 10,025,178.456 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 1,380,122.786 2024
Total Imports (USD mn) 51,745.0 Mar 2026
Total Imports Growth (%) 2.5 Mar 2026
Imports: Medicament (USD th) 11,743,159.395 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 8,108,735.311 2024
Total Exports to USA (USD mn) 35,354.519 Mar 2026
Total Imports from USA (USD mn) 30,200.510 Mar 2026
Total Exports to China (USD mn) 2,404.883 Mar 2026
Total Imports from China (USD mn) 4,210.569 Mar 2026
Coal Exports (kton) 2,417.000 Feb 2026
Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) 11,579.105 Mar 2026
Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) 5,102.331 Mar 2026
Import Value (Val): HS: Iron and Steel (IS) (CAD th) 748,788.266 Mar 2026
Import Value Index (2015=100) 132.600 2023
Export Value Index (2015=100) 138.700 2023
country/region Last
Direct Investment Abroad (USD mn) 9,672.8 Dec 2025
Current Account Balance (USD mn) -7,027.7 Sep 2025
Current Account Balance: % of GDP (%) -0.1 Dec 2025
Foreign Direct Investment (USD mn) 18,019.1 Dec 2025
Foreign Direct Investment: % of GDP (%) 3.0 Dec 2025
Foreign Portfolio Investment (USD mn) 41,752.910 Dec 2025
Foreign Portfolio Investment: % of GDP (%) 7.0 Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 12,292.1 Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29,460.790 Dec 2025
External Debt (USD mn) 3,497,031.8 Dec 2025
External Debt: % of GDP (%) 147.8 2025
External Debt: Short Term (USD mn) 1,328,577.2 Dec 2025
External Debt: Short Term: % of GDP (%) 56.2 2025
Total Debt: % of GDP (%) 944.6 Dec 2025
Forecast: Current Account Balance (USD bn) -0.706 2031
Net International Investment Position (USD mn) 1,313,524.650 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Financial Assets (FA) (CAD mn) 168,345.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Portfolio Investment (PI) (CAD mn) 18,476.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows (CAD mn) 2,227.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Liabilities (Lia) (CAD mn) 166,118.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Direct Investment Abroad (CAD mn) 13,490.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Other Investment (OI) (CAD mn) 136,026.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: Foreign Direct Investment in Canada (CAD mn) 25,130.000 Dec 2025
BoP: BPM6: Financial Acct: Statistical Discrepancy (CAD mn) -1,455.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: Portfolio Investment (PI) (CAD mn) 58,230.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: PI: Canada Debt Securities (CD) (CAD mn) 41,087.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: PI: Foreign Equity & Investment Fund ... (CAD mn) 17,143.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: Other Foreign Investment (CAD mn) 82,758.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Official International Reserves (CAD mn) 353.000 Dec 2025
BoP: BPM6: Current Account: Receipts (CAD mn) 337,628.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Goods & Services: Goods (CAD mn) 200,104.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Goods & Services: Services (CAD mn) 60,910.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Primary Income (PI) (CAD mn) 71,320.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Secondary Income (CAD mn) 5,295.000 Dec 2025
BoP: BPM6: Capital Account: Receipts (CAD mn) 70.000 Dec 2025
BoP: BPM6: Current Account: Payments (CAD mn) 332,575.000 Dec 2025
BoP: BPM6: Current Account: Payments: Goods & Services: Goods (CAD mn) 200,290.000 Dec 2025
BoP: BPM6: Current Account: Payments: Goods & Services: Services (CAD mn) 57,654.000 Dec 2025
BoP: BPM6: Current Account: Payments: Primary Income (PI) (CAD mn) 68,011.000 Dec 2025
BoP: BPM6: Current Account: Payments: Secondary Income (CAD mn) 6,619.000 Dec 2025
BoP: BPM6: Capital Account: Payments (CAD mn) 1,442.000 Dec 2025
BoP: BPM6: Current Account: Balances (CAD mn) 5,053.000 Dec 2025
BoP: BPM6: Current Account: Balances: Goods & Services: Goods (CAD mn) -187.000 Dec 2025
BoP: BPM6: Current Account: Balances: Goods & Services: Services (CAD mn) 3,256.000 Dec 2025
BoP: BPM6: Current Account: Balances: Primary Income (PI) (CAD mn) 3,309.000 Dec 2025
BoP: BPM6: Current Account: Balances: Secondary Income (CAD mn) -1,325.000 Dec 2025
BoP: BPM6: Capital Account: Balances (CAD mn) -1,372.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Secondary Income (CAD mn) 6,303.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Secondary Income (CAD mn) -896.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Goods & Services: Services (CAD mn) 1,425.000 Dec 2025
Balance of Payments (BoP): BPM6: CA: Balances: sa (CAD mn) -706.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Goods & Services: Services (CAD mn) 60,876.000 Dec 2025
Balance of Payments (BoP): BPM6: Current Account (CA): Receipts: sa (CAD mn) 332,275.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Primary Income (PI) (CAD mn) 67,615.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Goods & Services: Goods (CAD mn) -4,542.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Primary Income (PI) (CAD mn) 70,923.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Goods & Services: Goods (CAD mn) 199,612.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Goods & Services: Services (CAD mn) 59,451.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Secondary Income (CAD mn) 5,407.000 Dec 2025
Balance of Payments (BoP): BPM6: CA: Payments: sa (CAD mn) 332,981.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Primary Income (PI) (CAD mn) 3,307.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Goods & Services: Goods (CAD mn) 195,069.000 Dec 2025
Gross External Debt: Long Term (CAD mn) 2,541,335.000 Dec 2025
Gross External Debt (CAD mn) 4,795,130.000 Dec 2025
Gross External Debt: Short Term (CAD mn) 1,821,745.000 Dec 2025
International Investment Position (IIP): BPM6: Liabilities (CAD mn) 9,601,488.000 Dec 2025
International Investment Position (IIP): BPM6: Net (CAD mn) 1,801,105.000 Dec 2025
International Investment Position (IIP): BPM6: Assets (CAD mn) 11,402,593.000 Dec 2025
Foreign Exchange Rate: Daily Average: European Euro (EUR/CAD) 1.609 Apr 2026
Direct Investment Abroad: Mining & Oil and Gas Extraction (MO) (CAD mn) 225,065.000 2025
Direct Investment Abroad: Management of Companies & Enterprises (CAD mn) 521,908.000 2025
Direct Investment Abroad: Information & Cultural Industries (CAD mn) 86,788.000 2025
Direct Investment Abroad: Manufacturing (Mfg) (CAD mn) 137,095.000 2025
Direct Investment Abroad: Finance & Insurance (CAD mn) 845,069.000 2025
Foreign Direct Investment: Wholesale Trade (CAD mn) 148,260.000 2025
Foreign Direct Investment: Finance & Insurance (CAD mn) 205,577.000 2025
Foreign Direct Investment: Mining & Oil and Gas Extraction (MO) (CAD mn) 183,153.000 2025
Foreign Direct Investment: Management of Companies & Enterprises (CAD mn) 524,847.000 2025
Foreign Direct Investment: Manufacturing (Mfg) (CAD mn) 258,253.000 2025
Insolvency Statistics: Bankruptcy (Unit) 3,083.000 Mar 2026
CA: BOP: Financial Account: Portfolio Investment: Net (USD mn) -58,244.343 2024
CA: BOP: Net Errors and Omissions (USD mn) -3,919.736 2024
CA: BOP: Current Account: Personal Remittances: Paid (USD mn) 15,226.924 2024
CA: BOP: Current Account: Personal Remittances: Received (USD mn) 851.438 2024
country/region Last
Non Performing Loans Ratio (%) 0.7 Dec 2025
Household Debt: % of GDP (%) 99.5 Dec 2025
Money Supply M1 (USD mn) 1,269,161.471 Mar 2026
Money Supply M2 (USD mn) 2,004,141.762 Mar 2026
M2 Growth (%) 3.8 Mar 2026
Foreign Exchange Reserves (USD mn) 96,496.0 Apr 2026
Foreign Exchange Reserves: % of GDP (%) 4.237 Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 1.8 Mar 2026
Gold Reserves (USD mn) 0.000 Apr 2026
Total Deposits (USD mn) 4,787,436.346 Mar 2026
Total Deposits Growth (%) 3.2 Mar 2026
Domestic Credit (USD mn) 4,920,501.0 Mar 2026
Domestic Credit Growth (%) 4.4 Mar 2026
Debt Service Ratio: Households (%) 13.900 Sep 2025
Debt Service Ratio: Private Non-Financial Sector (%) 25.300 Sep 2025
Credit to Households (USD bn) 2,315.895 Sep 2025
Credit to Private Non-Financial Sector (USD bn) 5,043.713 Sep 2025
Household Debt (USD mn) 2,371,472.3 Feb 2026
Total Loans (USD mn) 3,447,924.736 Feb 2026
Total Loans Growth (%) 4.30 Mar 2026
Private Debt: % of Nominal GDP (%) 209.65 Dec 2025
Money Supply: M3: Gross: sa (CAD mn) 4,018,012.000 Mar 2026
Money Supply: M2+: M2: Gross (CAD mn) 2,787,511.000 Mar 2026
Money Supply: M1+: Gross (CAD mn) 1,745,762.000 Mar 2026
Money Supply: M1+: Gross: sa (CAD mn) 1,770,861.000 Mar 2026
Money Supply: M3: Gross (CAD mn) 3,999,807.000 Mar 2026
Money Supply: M2+: M2: Gross: sa (CAD mn) 2,796,379.000 Mar 2026
Official International Reserves (USD mn) 126,725.000 Apr 2026
Official International Reserves: Gold (USD mn) 0.000 Apr 2026
country/region Last
Business Confidence Growth (% Point) 19.6 Apr 2026
Business Outlook Survey (BOS) Indicator (%) -0.360 Mar 2026
Purchasing Manager Index: Seasonally Adjusted (NA) 57.700 Apr 2026

More Indicators for Canada

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data