Makrognosis

Canada Government Debt to GDP

QuarterlyNot seasonally adjustedCode CA.GOVDEBT.Q.NSA

Latest131.3%Q2 2026
Previous132.0%Q1 2026
Year ago127.8%Q2 2025

Canada Government Debt to GDP was 131.3% in Q2 2026, down 0.7 percentage points from Q1 2026 and up 3.5 percentage points from a year earlier.

Among the 38 economies Makrognosis covers on this measure, it is the 4th highest.

Over the past ten years it has ranged from 111.9% (Q3 2018) to 143.4% (Q4 2020), averaging 123.8%.

Canada Government Debt to GDP (% of GDP), Q1 1990 – Q2 202680%100%120%140%19901995200020052010201520202025Robomacro
Canada Government Debt to GDP (% of GDP), Q1 1990 – Q2 2026. Source: Statistics Canada.

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
Q2 2026131.3%
Q1 2026132.0%
Q4 2025129.6%
Q3 2025128.9%
Q2 2025127.8%
Q1 2025128.2%
Q4 2024126.7%
Q3 2024125.6%
Q2 2024125.0%
Q1 2024126.2%
Q4 2023122.4%
Q3 2023121.8%
Q2 2023120.9%
Q1 2023121.3%
Q4 2022121.3%
Q3 2022123.7%
Q2 2022127.2%
Q1 2022132.8%
Q4 2021133.1%
Q3 2021135.8%
Q2 2021137.4%
Q1 2021141.3%
Q4 2020143.4%
Q3 2020140.0%

Last 24 observations. The full history (146 observations) is available through the API.

Get Canada Government Debt to GDP in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/CA.GOVDEBT.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/CA.GOVDEBT.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 1990
Observations146
FrequencyQuarterly
Units% of GDP
AdjustmentNot seasonally adjusted
10-year high143.4% (Q4 2020)
10-year low111.9% (Q3 2018)
10-year average123.8%
Source agencyStatistics Canada
Makrognosis codeCA.GOVDEBT.Q.NSA

Government Debt to GDP: how Canada compares

#EconomyPeriodLatest
1SingaporeQ1 2025166.1%
2GreeceQ2 2026140.8%
3ItalyQ2 2026139.9%
4CanadaQ2 2026131.3%
5United StatesQ3 2026121.7%
6FranceQ2 2026119.1%
7BelgiumQ2 2026110.2%
8SpainQ2 2026101.4%
9United KingdomQ3 2026101.1%
10PortugalQ2 202692.5%
11FinlandQ2 202690.2%
12AustriaQ2 202683.6%

Government Debt to GDP by country: all 38 economies ranked →

Other Canada indicators

Canada GDP (Gross Domestic Product)Canada Gross domestic product at market prices, expenditure-based (current prices, SA at annual rates)Canada Inflation Rate (CPI)Canada Unemployment RateCanada Credit Rating & Sovereign Risk ScoreCanada Industrial ProductionCanada Retail SalesCanada Producer Price Inflation (PPI)Canada Trade Balance: Goods & ServicesCanada Exports of goods and services (chained 2017 dollars, SA at annual rates)Canada Merchandise exports, all countries, balance of payments basis, seasonally adjustedCanada Imports of goods and services (chained 2017 dollars, SA at annual rates)Canada Merchandise imports, all countries, balance of payments basis, seasonally adjustedCanada EmploymentCanada M2 (gross) monetary aggregateCanada M2 Money Stock

FAQ

What is the current government Debt to GDP in Canada?
The latest reading is 131.3% for Q2 2026, published by Statistics Canada.
Where does this data come from?
It is collected directly from Statistics Canada and is available through the Makrognosis API under the code CA.GOVDEBT.Q.NSA.

Last updated 2026-09-12. Source: Statistics Canada. Original title: “General government gross debt, % of nominal GDP, Canada, seasonally adjusted”.