Interest payments in Canada
Canada: Interest payments was 7.6% in 2023. ◆ Volatile
Interest payments in Canada, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in Canada is 7.6%, measured in 2023.
Compared with earlier readings it is up 26.1% on the previous year and down 9.2% over ten years.
Over the whole period, interest payments in Canada peaked at 25.1% in 1990 and was at its lowest, 3.7%, in 2020.
That places Canada 72nd out of 152 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.9% | 21.0% | 25.1% | 10 |
| 2000s | 14.7% | 9.4% | 22.0% | 10 |
| 2010s | 7.4% | 5.9% | 9.1% | 10 |
| 2020s | 5.4% | 3.7% | 7.6% | 4 |
Countries ranked near Canada
More public sector data for Canada
- Arms imports 149.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.7% (2024)
- Taxes on income, profits and capital gains 53.9% (2024)
- Taxes on goods and services 13.8% (2024)
- Net investment in nonfinancial assets 0.6% (2024)
- Net lending (+) / net borrowing (-) -1.2% (2024)
- Interest payments 8.4% (2024)
- Grants and other revenue 7.9% (2024)
- Compensation of employees 10.2% (2023)
- Goods and services expense 7.4% (2023)
Frequently asked questions
- What is interest payments in Canada?
- Interest payments in Canada was 7.6% in 2023, 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 25.1% in 1990.
- What is the lowest interest payments recorded in Canada?
- The lowest recorded value was 3.7% in 2020.
- How does Canada rank for interest payments?
- Canada ranks 72nd out of 152 countries with data for 2023.
- Is interest payments rising or falling in Canada?
- Over the last ten years it is down 9.2%. 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 expense). 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 percentage of total expenses which is any decrease in net worth resulting from a transaction.