Government debt
Canadian government finance statistics from 2007 onward for federal and provincial liabilities, net financial worth, and interest. A separate historical federal net-debt series runs from Confederation to 2008.
Last update 3 Nov 2026.
The latest reading, the reading before it, the same month a year earlier, and the first reading in this 10-year window.
| Country | Dec 2024 | Dec 2023 | Change | Dec 2023 | Dec 2016 | Since Dec 2016 |
|---|---|---|---|---|---|---|
| Canada | $1.86 trillion | $1.71 trillion | Up $159.1 billion | $1.71 trillion | $1.03 trillion | Up $831.1 billion |
| Newfoundland and Labrador | $27.7 billion | $24.7 billion | Up $3.1 billion | $24.7 billion | $19.1 billion | Up $8.6 billion |
| Prince Edward Island | $4.7 billion | $4.2 billion | Up $0.4 billion | $4.2 billion | $3.3 billion | Up $1.3 billion |
| Nova Scotia | $22.8 billion | $22.1 billion | Up $0.8 billion | $22.1 billion | $23.0 billion | Down $0.1 billion |
| New Brunswick | $29.1 billion | $26.7 billion | Up $2.4 billion | $26.7 billion | $28.7 billion | Up $0.4 billion |
| Quebec | $495.5 billion | $470.7 billion | Up $24.8 billion | $470.7 billion | $359.6 billion | Up $135.9 billion |
| Ontario | $492.0 billion | $460.2 billion | Up $31.8 billion | $460.2 billion | $393.0 billion | Up $99.1 billion |
| Manitoba | $74.9 billion | $69.3 billion | Up $5.7 billion | $69.3 billion | $54.3 billion | Up $20.7 billion |
| Saskatchewan | $46.5 billion | $41.9 billion | Up $4.6 billion | $41.9 billion | $33.1 billion | Up $13.4 billion |
| Alberta | $120.6 billion | $114.0 billion | Up $6.6 billion | $114.0 billion | $76.7 billion | Up $43.8 billion |
| British Columbia | $144.6 billion | $116.1 billion | Up $28.4 billion | $116.1 billion | $78.5 billion | Up $66.0 billion |
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| Date | Canada | Newfoundland and Labrador | Prince Edward Island | Nova Scotia | New Brunswick | Quebec | Ontario | Manitoba | Saskatchewan | Alberta | British Columbia |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | $1.86 trillion | $27.7 billion | $4.7 billion | $22.8 billion | $29.1 billion | $495.5 billion | $492.0 billion | $74.9 billion | $46.5 billion | $120.6 billion | $144.6 billion |
| 31 Dec 2023 | $1.71 trillion | $24.7 billion | $4.2 billion | $22.1 billion | $26.7 billion | $470.7 billion | $460.2 billion | $69.3 billion | $41.9 billion | $114.0 billion | $116.1 billion |
| 31 Dec 2022 | $1.58 trillion | $23.5 billion | $4.2 billion | $21.6 billion | $27.1 billion | $443.9 billion | $449.4 billion | $67.1 billion | $41.9 billion | $111.6 billion | $103.0 billion |
| 31 Dec 2021 | $1.59 trillion | $24.6 billion | $4.2 billion | $22.4 billion | $28.6 billion | $425.9 billion | $466.4 billion | $67.7 billion | $43.6 billion | $132.7 billion | $101.0 billion |
| 31 Dec 2020 | $1.48 trillion | $25.0 billion | $4.1 billion | $24.1 billion | $30.5 billion | $425.7 billion | $482.4 billion | $70.3 billion | $43.4 billion | $142.3 billion | $100.3 billion |
| 31 Dec 2019 | $1.15 trillion | $24.8 billion | $3.8 billion | $23.2 billion | $31.3 billion | $405.0 billion | $450.6 billion | $66.9 billion | $42.2 billion | $124.5 billion | $86.5 billion |
| 31 Dec 2018 | $1.08 trillion | $21.8 billion | $3.4 billion | $23.8 billion | $30.5 billion | $382.4 billion | $422.4 billion | $64.0 billion | $40.2 billion | $108.6 billion | $80.3 billion |
| 31 Dec 2017 | $1.06 trillion | $20.4 billion | $3.4 billion | $23.6 billion | $29.2 billion | $380.3 billion | $410.5 billion | $57.6 billion | $36.3 billion | $93.9 billion | $78.1 billion |
| 31 Dec 2016 | $1.03 trillion | $19.1 billion | $3.3 billion | $23.0 billion | $28.7 billion | $359.6 billion | $393.0 billion | $54.3 billion | $33.1 billion | $76.7 billion | $78.5 billion |
Sources: Statistics Canada , Statistics Canada