Interest, payable, Ratio of this level of government's expenditure on in Canada
Canada: Interest, payable, Ratio of this level of government's expenditure on was 0.3464 in 2020. ▼ Falling
Interest, payable, Ratio of this level of government's expenditure on in Canada, 1990–2020
Source: International Monetary Fund.
Analysis
In 2020, interest, payable, ratio of this level of government's expenditure on in Canada stood at 0.3464. That is the lowest value across all 31 years on record.
The figure is down 6.2% on the previous year and down 25.3% over ten years.
Over the whole period, interest, payable, ratio of this level of government's expenditure on in Canada peaked at 0.6496 in 1990 and was at its lowest, 0.3464, in 2020.
That places Canada 79th out of 80 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Interest, payable, Ratio of this level of government's expenditure on in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.6496 | — |
| 1991 | 0.6342 | -2.4% |
| 1992 | 0.6042 | -4.7% |
| 1993 | 0.5847 | -3.2% |
| 1994 | 0.5752 | -1.6% |
| 1995 | 0.5952 | +3.5% |
| 1996 | 0.5922 | -0.5% |
| 1997 | 0.5842 | -1.4% |
| 1998 | 0.5792 | -0.8% |
| 1999 | 0.5797 | +0.1% |
| 2000 | 0.5889 | +1.6% |
| 2001 | 0.5685 | -3.5% |
| 2002 | 0.5452 | -4.1% |
| 2003 | 0.5346 | -1.9% |
| 2004 | 0.5215 | -2.5% |
| 2005 | 0.5106 | -2.1% |
| 2006 | 0.5109 | +0.0% |
| 2007 | 0.5098 | -0.2% |
| 2008 | 0.4952 | -2.9% |
| 2009 | 0.4715 | -4.8% |
| 2010 | 0.4637 | -1.6% |
| 2011 | 0.449 | -3.2% |
| 2012 | 0.4295 | -4.3% |
| 2013 | 0.4255 | -0.9% |
| 2014 | 0.3999 | -6.0% |
| 2015 | 0.3828 | -4.3% |
| 2016 | 0.3668 | -4.2% |
| 2017 | 0.3537 | -3.6% |
| 2018 | 0.3632 | +2.7% |
| 2019 | 0.3692 | +1.7% |
| 2020 | 0.3464 | -6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5979 | 0.5752 | 0.6496 | 10 |
| 2000s | 0.5257 | 0.4715 | 0.5889 | 10 |
| 2010s | 0.4003 | 0.3537 | 0.4637 | 10 |
| 2020s | 0.3464 | 0.3464 | 0.3464 | 1 |
Countries ranked near Canada
- 76 Germany 0.4889 compare
- 77 Norway 0.4811 compare
- 78 Switzerland 0.4464 compare
- 80 United Arab Emirates 0.0062 compare
More public sector data for Canada
- Arms imports 149.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.61 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 96.05 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 149.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 711.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0129 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 7.78 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 29.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 8.65 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest, payable, ratio of this level of government's expenditure on in Canada?
- Interest, payable, ratio of this level of government's expenditure on in Canada was 0.3464 in 2020, according to International Monetary Fund.
- What is the highest interest, payable, ratio of this level of government's expenditure on recorded in Canada?
- The highest recorded value was 0.6496 in 1990.
- What is the lowest interest, payable, ratio of this level of government's expenditure on recorded in Canada?
- The lowest recorded value was 0.3464 in 2020.
- How does Canada rank for interest, payable, ratio of this level of government's expenditure on?
- Canada ranks 79th out of 80 countries with data for 2020.
- Is interest, payable, ratio of this level of government's expenditure on rising or falling in Canada?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Interest, payable, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.