Chart 3
Net debt as a percentage of gross domestic product by government subsector

% 0 10 20 30 40 50 60 70 80 90 100 110 III 1990 III 1992 III 1994 III 1996 III 1998 III 2000 III 2002 III 2004 III 2006 III 2008 III 2010 III 2012 III 2014 III 2016 III 2018 III 2020 III 2022 Canadian general governmentCanadian general government Canadian general government (excluding social security funds)Canadian general government (excluding social security funds) Federal governmentFederal government Provincial, territorial and local governmentsProvincial, territorial and local governments
Source(s):

Chart description


This is a line chart.

Net debt as a percentage of gross domestic product by government subsector, %
  Canadian general government Canadian general government (excluding social security funds) Federal government Provincial, territorial and local governments
Third quarter 1990 62.5 70.3 52.9 17.3
Fourth quarter 1990 64.2 72.2 53.8 18.4
First quarter 1991 67.7 75.8 55.9 19.9
Second quarter 1991 68.5 76.8 56.9 19.9
Third quarter 1991 71.5 79.7 58.2 21.5
Fourth quarter 1991 74.0 82.2 58.9 23.3
First quarter 1992 73.7 81.9 60.0 21.9
Second quarter 1992 76.2 84.5 60.8 23.7
Third quarter 1992 78.1 86.3 61.9 24.4
Fourth quarter 1992 79.5 87.6 62.8 24.8
First quarter 1993 84.8 92.6 65.4 27.2
Second quarter 1993 87.5 95.5 66.1 29.5
Third quarter 1993 89.0 96.9 66.7 30.2
Fourth quarter 1993 90.7 98.5 67.1 31.4
First quarter 1994 89.6 97.3 68.7 28.6
Second quarter 1994 89.3 96.9 68.7 28.2
Third quarter 1994 88.6 95.9 68.3 27.6
Fourth quarter 1994 90.6 97.5 68.2 29.3
First quarter 1995 93.0 99.7 69.1 30.6
Second quarter 1995 94.0 100.8 69.0 31.8
Third quarter 1995 93.2 99.8 68.7 31.1
Fourth quarter 1995 92.0 98.7 70.0 28.7
First quarter 1996 95.9 102.2 70.8 31.4
Second quarter 1996 95.2 101.9 71.2 30.7
Third quarter 1996 96.4 103.0 70.8 32.2
Fourth quarter 1996 96.3 102.7 70.3 32.4
First quarter 1997 94.8 100.9 70.2 30.7
Second quarter 1997 92.1 98.1 68.9 29.2
Third quarter 1997 90.1 96.0 68.0 27.9
Fourth quarter 1997 90.2 96.1 67.2 28.9
First quarter 1998 89.6 95.2 66.7 28.5
Second quarter 1998 89.5 95.3 65.7 29.6
Third quarter 1998 88.9 94.8 64.4 30.5
Fourth quarter 1998 88.7 94.3 64.3 30.0
First quarter 1999 85.4 91.0 63.0 28.0
Second quarter 1999 81.7 87.5 61.2 26.3
Third quarter 1999 79.0 84.6 59.1 25.5
Fourth quarter 1999 75.4 80.9 57.4 23.6
First quarter 2000 71.9 77.9 55.0 23.0
Second quarter 2000 69.4 75.3 53.3 22.1
Third quarter 2000 66.9 72.8 51.5 21.3
Fourth quarter 2000 66.5 72.1 50.1 21.9
First quarter 2001 65.7 71.4 48.9 22.5
Second quarter 2001 62.6 68.6 46.8 21.8
Third quarter 2001 63.6 69.6 46.3 23.3
Fourth quarter 2001 64.0 69.9 46.8 23.1
First quarter 2002 63.7 69.8 46.7 23.1
Second quarter 2002 64.1 70.2 46.1 24.0
Third quarter 2002 65.2 70.9 45.3 25.6
Fourth quarter 2002 64.1 69.8 44.2 25.6
First quarter 2003 62.7 68.7 43.5 25.2
Second quarter 2003 63.0 69.4 44.2 25.2
Third quarter 2003 60.2 66.8 42.6 24.2
Fourth quarter 2003 59.1 65.8 42.0 23.8
First quarter 2004 59.5 66.8 42.6 24.2
Second quarter 2004 57.0 64.4 40.9 23.5
Third quarter 2004 55.8 63.2 40.0 23.2
Fourth quarter 2004 54.7 62.3 39.1 23.2
First quarter 2005 53.2 61.2 39.0 22.2
Second quarter 2005 52.9 61.4 38.9 22.4
Third quarter 2005 50.5 59.3 38.2 21.1
Fourth quarter 2005 49.0 57.5 37.1 20.4
First quarter 2006 47.4 56.5 36.7 19.7
Second quarter 2006 46.1 55.0 35.6 19.4
Third quarter 2006 45.1 54.3 35.2 19.1
Fourth quarter 2006 43.9 53.6 34.6 18.9
First quarter 2007 42.6 52.9 33.8 19.1
Second quarter 2007 40.1 50.6 32.6 17.9
Third quarter 2007 39.5 49.9 32.0 17.9
Fourth quarter 2007 40.0 50.0 31.6 18.4
First quarter 2008 40.7 50.8 31.6 19.2
Second quarter 2008 38.3 48.6 30.8 17.8
Third quarter 2008 38.2 47.5 30.0 17.5
Fourth quarter 2008 42.0 50.3 30.5 19.8
First quarter 2009 45.0 53.2 32.1 21.1
Second quarter 2009 45.8 55.0 32.8 22.2
Third quarter 2009 47.8 57.4 33.2 24.1
Fourth quarter 2009 49.4 59.3 33.7 25.6
First quarter 2010 50.3 60.5 34.1 26.4
Second quarter 2010 50.7 60.8 34.1 26.7
Third quarter 2010 51.8 62.3 34.4 27.9
Fourth quarter 2010 51.7 62.3 34.0 28.2
First quarter 2011 50.3 61.3 34.0 27.3
Second quarter 2011 52.3 63.4 34.3 29.1
Third quarter 2011 54.4 65.1 34.7 30.4
Fourth quarter 2011 55.7 66.5 35.1 31.4
First quarter 2012 54.8 66.1 35.3 30.8
Second quarter 2012 56.0 67.4 35.6 31.8
Third quarter 2012 55.0 66.4 35.3 31.1
Fourth quarter 2012 55.2 66.9 35.1 31.7
First quarter 2013 53.9 66.3 35.1 31.2
Second quarter 2013 50.6 63.2 33.7 29.5
Third quarter 2013 47.8 60.5 32.8 27.8
Fourth quarter 2013 46.8 59.8 32.4 27.5
First quarter 2014 44.6 58.6 31.2 27.4
Second quarter 2014 44.2 58.4 30.4 28.0
Third quarter 2014 42.7 57.2 29.8 27.4
Fourth quarter 2014 44.7 59.4 30.9 28.5
First quarter 2015 44.6 60.9 32.3 28.7
Second quarter 2015 42.1 58.2 30.6 27.7
Third quarter 2015 40.6 57.2 30.7 26.5
Fourth quarter 2015 40.9 58.1 31.2 26.9
First quarter 2016 43.1 60.1 31.9 28.2
Second quarter 2016 43.6 61.1 32.8 28.2
Third quarter 2016 43.5 61.6 33.4 28.2
Fourth quarter 2016 40.9 58.8 31.8 27.1
First quarter 2017 38.5 57.2 31.9 25.3
Second quarter 2017 37.3 56.2 31.2 25.0
Third quarter 2017 33.2 52.0 29.3 22.7
Fourth quarter 2017 33.4 52.6 29.3 23.3
First quarter 2018 32.4 52.3 29.2 23.1
Second quarter 2018 30.8 51.0 28.7 22.3
Third quarter 2018 28.9 48.9 27.5 21.4
Fourth quarter 2018 30.6 50.5 28.0 22.4
First quarter 2019 31.5 52.4 28.5 23.9
Second quarter 2019 31.7 52.9 29.2 23.7
Third quarter 2019 31.7 53.2 29.2 24.0
Fourth quarter 2019 30.2 52.0 28.6 23.3
First quarter 2020 34.8 55.8 30.8 25.0
Second quarter 2020 41.5 64.7 36.1 28.6
Third quarter 2020 42.7 67.2 39.1 28.2
Fourth quarter 2020 42.9 68.7 39.7 28.9
First quarter 2021 39.9 66.3 39.3 27.0
Second quarter 2021 38.3 64.6 39.0 25.6
Third quarter 2021 36.1 62.6 39.2 23.4
Fourth quarter 2021 34.4 60.7 38.8 22.0
First quarter 2022 30.1 55.3 35.9 19.4
Second quarter 2022 24.4 48.2 33.2 15.0
Third quarter 2022 22.2 45.6 32.2 13.4
Source(s):
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