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The International Monetary Fund's (IMF) World Economic Outlook reports that for 2021 Canada's net debt-to-GDP ratio was 32% and the gross debt-to-GDP ratio was 113%. [51] According to the IMF, for the last 15 years, Canada had the lowest net debt-to-GDP ratio, at around 33%, among G7 countries. [52]
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
Canadian government debt, also called Canada's public debt, is the liabilities of the government sector. For 2019 (the fiscal year ending 31 March 2020), total financial liabilities or gross debt was $2.434 trillion for the consolidated Canadian general government (federal, provincial, territorial, and local governments combined).
The total-debt-to-total-assets ratio is one of many financial metrics used to measure a company’s performance. In this case, the ratio shows how much of a company’s operations are funded by debt.
Freeland, speaking less than a week before she is due to present a fiscal update in the form of a mini budget, stressed Canada's debt-to-gross-domestic-product ratio was the most important ...
In 2024 the Canada's General government gross debt-to-GDP ratio was 106%, [7] compared to the United States at 121 %. [8] According to the IMF's 2018 annual Article IV Mission to Canada, compared to all the G7 countries, including the United States, Canada's "total government net debt-to-GDP ratio", is the lowest. [9]
The national debt is currently almost the same size as the entire U.S. economy, which is roughly $27.3 trillion, according to a Council on Foreign Relations report, and is on track to double ...
This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier. The decline placed Canada's economic output per-capita below that of Alabama , representing a substantial drop from its previous economic position comparable to ...