Interest payments in Canada
Canada: Interest payments was 8.4% in 2024. ◆ Volatile
Interest payments in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Canada recorded 8.4% for interest payments in 2024.
That represents a change of up 13.2% on the previous year and up 12.6% over ten years.
Over the whole period, interest payments in Canada peaked at 30.7% in 1990 and was at its lowest, 5.0%, in 2021.
Canada ranks 62nd of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Canada, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 30.7% | — |
| 1991 | 28.7% | -6.5% |
| 1992 | 26.8% | -6.8% |
| 1993 | 26.7% | -0.3% |
| 1994 | 26.7% | -0.1% |
| 1995 | 28.8% | +7.9% |
| 1996 | 26.8% | -6.7% |
| 1997 | 23.3% | -13.1% |
| 1998 | 22.7% | -2.8% |
| 1999 | 21.1% | -6.8% |
| 2000 | 19.7% | -6.7% |
| 2001 | 18.2% | -7.6% |
| 2002 | 16.0% | -12.0% |
| 2003 | 14.8% | -7.6% |
| 2004 | 13.5% | -8.9% |
| 2005 | 12.3% | -9.0% |
| 2006 | 11.7% | -4.7% |
| 2007 | 10.8% | -7.7% |
| 2008 | 10.5% | -3.0% |
| 2009 | 10.0% | -4.8% |
| 2010 | 10.0% | +0.6% |
| 2011 | 9.6% | -4.3% |
| 2012 | 8.8% | -8.5% |
| 2013 | 8.4% | -3.8% |
| 2014 | 7.4% | -12.0% |
| 2015 | 6.7% | -10.0% |
| 2016 | 6.2% | -7.1% |
| 2017 | 5.7% | -7.8% |
| 2018 | 5.9% | +3.7% |
| 2019 | 6.1% | +2.6% |
| 2020 | 5.5% | -9.4% |
| 2021 | 5.0% | -9.8% |
| 2022 | 5.8% | +16.4% |
| 2023 | 7.4% | +27.6% |
| 2024 | 8.4% | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.2% | 21.1% | 30.7% | 10 |
| 2000s | 13.7% | 10.0% | 19.7% | 10 |
| 2010s | 7.5% | 5.7% | 10.0% | 10 |
| 2020s | 6.4% | 5.0% | 8.4% | 5 |
Countries ranked near Canada
- 59 Congo 9.0% compare
- 60 Kazakhstan 9.0% compare
- 61 Argentina 8.5% compare
- 63 United Kingdom 8.3% compare
- 64 Ukraine 8.3% compare
- 65 Saint Vincent and the Grenadines 8.1% 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 payments in Canada?
- Interest payments in Canada was 8.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Canada?
- The highest recorded value was 30.7% in 1990.
- What is the lowest interest payments recorded in Canada?
- The lowest recorded value was 5.0% in 2021.
- How does Canada rank for interest payments?
- Canada ranks 62nd out of 155 countries with data for 2024.
- Is interest payments rising or falling in Canada?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.