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household debts in Canada

Gross debt in Canada

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Canada in the period from 1998 to 2020 was between 326.4 billion and 975.4 billion USD. The highest level of the last years at 975 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 25,643 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


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Gross debt of the last 22 years in billion USD




YearCanada totalCanada per capitaEU per capita
1998372.22 bn USD12,343 USD14,079 USD
1999359.00 bn USD11,809 USD14,032 USD
2000344.01 bn USD11,211 USD11,232 USD
2001340.00 bn USD10,960 USD11,255 USD
2002326.45 bn USD10,410 USD12,258 USD
2003362.49 bn USD11,455 USD15,286 USD
2004375.46 bn USD11,755 USD17,595 USD
2005424.02 bn USD13,150 USD18,327 USD
2006444.59 bn USD13,650 USD18,877 USD
2007438.09 bn USD13,320 USD20,898 USD
2008537.70 bn USD16,173 USD24,086 USD
2009583.54 bn USD17,352 USD25,361 USD
2010696.58 bn USD20,485 USD26,496 USD
2011789.60 bn USD22,994 USD29,231 USD
2012825.59 bn USD23,782 USD28,174 USD
2013764.22 bn USD21,783 USD29,981 USD
2014716.25 bn USD20,212 USD30,648 USD
2015657.87 bn USD18,426 USD25,918 USD
2016633.28 bn USD17,538 USD26,261 USD
2017644.34 bn USD17,631 USD27,024 USD
2018623.71 bn USD16,827 USD28,448 USD
2019622.61 bn USD16,558 USD27,168 USD
2020975.38 bn USD25,643 USD30,783 USD


Comparison of gross debt per capita with the European Union in U.S. dollars



      Canada       European Union


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