Net incurrence of liabilities, total in Canada
Canada: Net incurrence of liabilities, total was 5.0% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Canada is 5.0%, measured in 2024.
The figure is up 75.0% on the previous year and up 679.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Canada peaked at 18.7% in 2020 and was at its lowest, -1.4%, in 2004.
That places Canada 40th out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 3.7% | — |
| 1991 | 5.7% | +52.6% |
| 1992 | 4.3% | -24.5% |
| 1993 | 6.8% | +58.8% |
| 1994 | 4.7% | -32.0% |
| 1995 | 4.3% | -7.8% |
| 1996 | 2.8% | -34.8% |
| 1997 | 0.2% | -92.1% |
| 1998 | 0.2% | -31.5% |
| 1999 | 1.2% | +710.5% |
| 2000 | -1.3% | -209.3% |
| 2001 | 1.5% | -214.6% |
| 2002 | -0.9% | -155.4% |
| 2003 | 0.2% | -126.4% |
| 2004 | -1.4% | -704.3% |
| 2005 | 1.7% | -224.7% |
| 2006 | -0.5% | -130.1% |
| 2007 | -1.1% | +123.5% |
| 2008 | 6.3% | -652.5% |
| 2009 | 5.5% | -12.8% |
| 2010 | 3.1% | -44.7% |
| 2011 | 2.5% | -19.5% |
| 2012 | 2.8% | +13.1% |
| 2013 | 1.3% | -54.1% |
| 2014 | -0.9% | -168.4% |
| 2015 | 2.9% | -432.2% |
| 2016 | -0.1% | -102.0% |
| 2017 | 2.0% | -3419.9% |
| 2018 | 0.3% | -85.4% |
| 2019 | 1.1% | +275.2% |
| 2020 | 18.7% | +1637.2% |
| 2021 | 5.0% | -73.3% |
| 2022 | 2.7% | -46.8% |
| 2023 | 2.9% | +8.9% |
| 2024 | 5.0% | +75.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.4% | 0.2% | 6.8% | 10 |
| 2000s | 1.0% | -1.4% | 6.3% | 10 |
| 2010s | 1.5% | -0.9% | 3.1% | 10 |
| 2020s | 6.8% | 2.7% | 18.7% | 5 |
Countries ranked near Canada
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 net incurrence of liabilities, total in Canada?
- Net incurrence of liabilities, total in Canada was 5.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Canada?
- The highest recorded value was 18.7% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Canada?
- The lowest recorded value was -1.4% in 2004.
- How does Canada rank for net incurrence of liabilities, total?
- Canada ranks 40th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Canada?
- Over the last ten years it is up 679.6%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.