Budget balance — all countries

Budget balance — Canada

Budget balance in Canada in 2031 — -1.5%. Ranked 67 in the world out of 188. Since 1980, the indicator has risen by 2.5 pp.

2031 -1.5% +0.2 pp vs 2030
World rank 67of 188
Period maximum 2.6%2000
Period minimum -10.9%2020

Trend over time

1980–2031 · % of GDP

Budget balance — Canada, 1980–2031-15-10-50519801986199219982004201020162022202820311980: -4%1981: -2.9%1982: -6.9%1983: -8%1984: -7.9%1985: -8.8%1986: -7.3%1987: -5.7%1988: -4.5%1989: -4.7%1990: -5.9%1991: -8.4%1992: -9.2%1993: -8.9%1994: -6.9%1995: -5.5%1996: -3.1%1997: 0%1998: 0.1%1999: 1.7%2000: 2.6%2001: 0.5%2002: -0.2%2003: -0.1%2004: 0.8%2005: 1.6%2006: 1.8%2007: 1.8%2008: 0.2%2009: -3.9%2010: -4.7%2011: -3.3%2012: -2.5%2013: -1.5%2014: 0.2%2015: -0.1%2016: -0.5%2017: -0.1%2018: 0.4%2019: 0%2020: -10.9%2021: -3.1%2022: 0.6%2023: -0.2%2024: -2.1%2025: -1.8%2026: -2.7%2027: -2.5%2028: -2.2%2029: -2%2030: -1.7%2031: -1.5%
Change over the period: +2.5 pp Annual average: 0.05 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Canada

Canada -1.5%
World computed -4.85%
High-income countries computed -4.26%
Budget balance — Canada, by year Canada All countries CSV XLSX
Year % Change, pp
2031 -1.5 +0.2 pp
2030 -1.7 +0.3 pp
2029 -2 +0.2 pp
2028 -2.2 +0.3 pp
2027 -2.5 +0.2 pp
2026 -2.7 −0.9 pp
2025 -1.8 +0.3 pp
2024 -2.1 −1.9 pp
2023 -0.2 −0.8 pp
2022 0.6 +3.7 pp
2021 -3.1 +7.8 pp
2020 -10.9 −10.9 pp
2019 0 −0.4 pp
2018 0.4 +0.5 pp
2017 -0.1 +0.4 pp
2016 -0.5 −0.4 pp
2015 -0.1 −0.3 pp
2014 0.2 +1.7 pp
2013 -1.5 +1 pp
2012 -2.5 +0.8 pp
2011 -3.3 +1.4 pp
2010 -4.7 −0.8 pp
2009 -3.9 −4.1 pp
2008 0.2 −1.6 pp
2007 1.8 +0 pp
2006 1.8 +0.2 pp
2005 1.6 +0.8 pp
2004 0.8 +0.9 pp
2003 -0.1 +0.1 pp
2002 -0.2 −0.7 pp
2001 0.5 −2.1 pp
2000 2.6 +0.9 pp
1999 1.7 +1.6 pp
1998 0.1 +0.1 pp
1997 0 +3.1 pp
1996 -3.1 +2.4 pp
1995 -5.5 +1.4 pp
1994 -6.9 +2 pp
1993 -8.9 +0.3 pp
1992 -9.2 −0.8 pp
1991 -8.4 −2.5 pp
1990 -5.9 −1.2 pp
1989 -4.7 −0.2 pp
1988 -4.5 +1.2 pp
1987 -5.7 +1.6 pp
1986 -7.3 +1.5 pp
1985 -8.8 −0.9 pp
1984 -7.9 +0.1 pp
1983 -8 −1.1 pp
1982 -6.9 −4 pp
1981 -2.9 +1.1 pp
1980 -4

Northern America, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.