Canada Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Canada's interest payments to revenue was 8.69% in 2025, ranked 43rd globally. This represents a 5.7% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Canada's interest payments to revenue stood at 8.69% in 2025, a rise of +0.47pp from 2024. Based on recent trends, this figure is projected to reach 8.69% by 2025. Canada ranked 43rd globally.
Canada's interest payments to revenue ratio has exhibited significant fluctuations over the past three and a half decades. The ratio peaked in 1990 at 30.71%, a level surpassed by only a few countries globally, emphasizing the substantial burden of interest payments on the Canadian government's revenue at the time. Conversely, the ratio reached its lowest point in 2021 at 4.98%, demonstrating a substantial decline in the burden of interest payments. As of 2025, Canada ranks 43rd globally with a ratio of 8.69%, still above the global average but lower than several of its peers, including Rwanda with a ratio of 8.90%. This downward trend suggests a decrease in the government's reliance on debt financing, but a continued focus on fiscal consolidation would be necessary to sustain this trajectory. A decline in interest rates or a significant reduction in government debt would likely be necessary to alter the current trend.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 10.23% | - | - |
| 2026* trend | 9.46% | - | - |
| 2025* trend | 8.69% | - | - |
| 2025 | 8.69% | +0.47pp | #43 |
| 2024 | 8.22% | +0.90pp | #13 |
| 2023 | 7.31% | +1.51pp | #55 |
| 2022 | 5.80% | +0.82pp | #63 |
| 2021 | 4.98% | −0.54pp | #59 |
| 2020 | 5.52% | −0.57pp | #63 |
| 2019 | 6.09% | +0.15pp | #72 |
| 2018 | 5.94% | +0.21pp | #69 |
| 2017 | 5.73% | −0.49pp | #71 |
| 2016 | 6.21% | −0.47pp | #70 |
| 2015 | 6.68% | −0.74pp | #82 |
| 2014 | 7.42% | −1.01pp | #87 |
| 2013 | 8.44% | −0.33pp | #87 |
| 2012 | 8.77% | −0.82pp | #95 |
| 2011 | 9.59% | −0.43pp | #96 |
Detected Pattern
Analysis
Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Canada's interest payments to revenue was 8.69% in 2025. Ranked 43rd globally. This represents a 5.7% increase from the previous year.
Canada's interest payments to revenue peaked at 30.71% in 1990.
The lowest interest payments to revenue in Canada was 4.98% in 2021.
Canada ranks 43rd globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Canada's interest payments to revenue is projected to reach 8.69% by 2025 based on trend extrapolation.
The interest payments to revenue of Canada in 2025 was 8.69%. This ranks 43rd in the world.
Cite this page
@misc{historysaid_canada_interest-to-revenue,
title = {Canada Interest Payments to Revenue},
url = {https://historysaid.com/canada/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}