Central government debt, total (% of GDP) for Canada
DEBTTLCAA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.34
Year-over-Year Change
13.35%
Date Range
1/1/1995 - 1/1/2023
Summary
This economic trend measures the total debt of the Canadian federal government as a percentage of its gross domestic product (GDP). It is a key indicator of a government's fiscal health and ability to service its debt obligations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The central government debt-to-GDP ratio represents the total outstanding debt owed by the Canadian federal government divided by the country's annual economic output. This metric is widely used by economists, policymakers, and investors to assess a government's fiscal sustainability and creditworthiness.
Methodology
The data is collected and calculated by Statistics Canada based on official government budget and GDP figures.
Historical Context
The debt-to-GDP ratio is closely monitored by the Bank of Canada and international financial institutions to gauge Canada's economic and fiscal policy direction.
Key Facts
- Canada's debt-to-GDP ratio was 90.4% in 2021.
- The ratio has risen from around 66% in 2007 due to increased pandemic-related spending.
- Canada has one of the highest debt-to-GDP ratios among major advanced economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt of the Canadian federal government as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The debt-to-GDP ratio is a key indicator of a government's fiscal health and ability to service its debt obligations, making it highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on official government budget and GDP figures.
Q: How is this trend used in economic policy?
A: The debt-to-GDP ratio is closely monitored by the Bank of Canada and international financial institutions to gauge Canada's economic and fiscal policy direction.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Canada (DEBTTLCAA188A), retrieved from FRED.