Net incurrence of liabilities, total in Canada
Canada: Net incurrence of liabilities, total was 156.98 billion current LCU 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 current LCU.
Analysis
In 2024, net incurrence of liabilities, total in Canada stood at 156.98 billion current LCU.
The figure is up 83.4% on the previous year and up 1,003.2% over ten years.
Over the whole period, net incurrence of liabilities, total in Canada peaked at 414.34 billion current LCU in 2020 and was at its lowest, -18.27 billion current LCU, in 2004.
That places Canada 51st 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.07 billion current LCU | 1.43 billion current LCU | 51.14 billion current LCU | 10 |
| 2000s | 16.73 billion current LCU | -18.27 billion current LCU | 104.91 billion current LCU | 10 |
| 2010s | 28.16 billion current LCU | -17.38 billion current LCU | 57.61 billion current LCU | 10 |
| 2020s | 171.82 billion current LCU | 75.92 billion current LCU | 414.34 billion current LCU | 5 |
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)
- Interest payments 7.6% (2023)
- Compensation of employees 10.2% (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Canada?
- Net incurrence of liabilities, total in Canada was 156.98 billion current LCU 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 414.34 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Canada?
- The lowest recorded value was -18.27 billion current LCU in 2004.
- How does Canada rank for net incurrence of liabilities, total?
- Canada ranks 51st 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 1,003.2%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.