Canada vs Italy: Expense, Transactions

Canada
1.40 trillion
in 2025
Italy
1.13 trillion
in 2025
Canada rank
14th
Italy rank
16th

Expense, Transactions over time

  • Canada
  • Italy
250.0B500.0B750.0B1.0T1.2T1.5T199020072025

How they compare

Canada currently reports 1.40 trillion against 1.13 trillion in Italy, a difference of 267.35 billion.

That makes Canada's figure about 1.2 times Italy's.

The two have swapped places 1 time across 27 shared years of data; in 1999 it was Italy ahead.

Canada ranks 14th and Italy ranks 16th of 35 countries.

Across the 4 decades both report, Canada averaged higher in 1 and Italy in 3.

Head to head by decade

Decade Canada Italy Difference Ahead
1990s 420.35 billion 546.36 billion 126.01 billion Italy
2000s 537.21 billion 687.33 billion 150.12 billion Italy
2010s 792.90 billion 842.93 billion 50.03 billion Italy
2020s 1.24 trillion 1.07 trillion 164.45 billion Canada

Averages of every year both report within each decade.

Frequently asked questions

Which has higher expense, transactions, Canada or Italy?
Canada, at 1.40 trillion against 1.13 trillion in Italy as of 2025.
What is the difference in expense, transactions between Canada and Italy?
267.35 billion, with Canada ahead.
How many years of comparable data are there for Canada and Italy?
27 years are reported by both, from 1999 to 2025.
How do Canada and Italy rank globally for expense, transactions?
Canada ranks 14th and Italy ranks 16th of 35 countries.
Where does this data come from?
International Monetary Fund, published as Expense, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Canada vs Italy: Expense, Transactions. Statizoid, drawing on International Monetary Fund. Retrieved 25 August 2026, from https://public-sector.statizoid.com/compare/expense-transactions-statement-of-operations-general-government/canada/italy/

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About this data

Indicator
Expense, Transactions (Statement of operations, General government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
35 places, 879 data points, 1990–2025
Last refreshed

The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.