household debts in Canada

Gross debt in Canada

General government debt of Canada refers to the debts of the state, their states and municipalities, and also of public sector institutions such as social security funds.

The government debt in the period from 2000 to 2021 was between 599.1 billion and 2.24 trillion USD. The highest level of the last years at 2.2 trillion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 58,671 USD per person. For comparison, the average debt per person in the same year in the European Union was 35,341 USD.

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Gross debt of the last 21 years in billion USD

YearCanada total% of GDPper capitaEU per capita
2000599.07 bn USD80.44%19,523 USD10,328 USD
2001601.99 bn USD81.46%19,406 USD10,404 USD
2002605.51 bn USD79.60%19,308 USD11,368 USD
2003679.82 bn USD75.91%21,483 USD14,148 USD
2004738.08 bn USD71.89%23,108 USD16,162 USD
2005828.69 bn USD70.64%25,701 USD16,918 USD
2006922.43 bn USD69.92%28,320 USD17,549 USD
2007982.08 bn USD66.86%29,860 USD19,574 USD
20081,054.26 bn USD67.89%31,710 USD22,721 USD
20091,089.70 bn USD79.27%32,404 USD23,701 USD
20101,313.58 bn USD81.22%38,629 USD25,145 USD
20111,466.55 bn USD81.78%42,708 USD28,417 USD
20121,561.52 bn USD85.41%44,982 USD27,784 USD
20131,590.75 bn USD86.15%45,343 USD30,021 USD
20141,545.69 bn USD85.60%43,617 USD30,832 USD
20151,419.86 bn USD91.22%39,769 USD26,170 USD
20161,402.04 bn USD91.76%38,827 USD26,655 USD
20171,465.42 bn USD88.85%40,099 USD27,535 USD
20181,533.00 bn USD88.85%41,360 USD29,172 USD
20191,518.30 bn USD87.16%40,379 USD27,927 USD
20201,937.57 bn USD117.76%50,939 USD32,227 USD
20212,243.92 bn USD112.85%58,671 USD35,341 USD

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

      Canada       European Union

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