Canada Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
Canada's budget deficit stood at -2.22% in 2025, a decline of +0.21% from 2024. The IMF projects -2.22% by 2025. Canada ranked 70th globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.46% | - | - |
| 2029* IMF | -1.67% | - | - |
| 2028* IMF | -2.05% | - | - |
| 2027* IMF | -2.13% | - | - |
| 2026* IMF | -2.43% | - | - |
| 2025* IMF | -2.22% | - | - |
| 2025 | -2.22% | −0.21% | #70 |
| 2024 | -2.01% | −2.09% | #111 |
| 2023 | 0.07% | −0.48% | #152 |
| 2022 | 0.56% | +3.61% | #155 |
| 2021 | -3.06% | +7.89% | #110 |
| 2020 | -10.95% | −10.93% | #25 |
| 2019 | -0.02% | −0.38% | #135 |
| 2018 | 0.36% | +0.47% | #140 |
| 2017 | -0.11% | +0.34% | #150 |
| 2016 | -0.45% | −0.39% | #139 |
| 2015 | -0.06% | −0.24% | #163 |
| 2014 | 0.18% | +1.67% | #152 |
| 2013 | -1.50% | +1.03% | #118 |
| 2012 | -2.53% | +0.78% | #90 |
| 2011 | -3.31% | +1.43% | #76 |
Detected Pattern
Analysis
Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Canada's budget deficit was -2.22% in 2025. Ranked 70th globally. This represents a 10.2% decrease from the previous year.
Canada's budget deficit peaked at 2.64% in 2000.
The lowest budget deficit in Canada was -10.95% in 2020.
Canada ranks 70th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Canada's budget deficit is projected to reach -2.22% by 2025 based on IMF projection.
The budget deficit of Canada in 2025 was -2.22%. This ranks 70th in the world.
Cite this page
@misc{historysaid_canada_budget-deficit,
title = {Canada Budget Deficit},
url = {https://historysaid.com/canada/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}