Canada: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Canada

Fiscal balance, percent of GDP

 Latest value -3.6
 Year 2022
 Measure percent
 Data availability 1984 - 2022
 Average -2.43
 Min - Max -14.9 - 1.8
 Source Government of Canada
For that indicator, we provide data for Canada from 1984 to 2022. The average value for Canada during that period was -2.43 percent with a minimum of -14.9 percent in 2021 and a maximum of 1.8 percent in 2001. The latest value from 2022 is -3.6 percent. For comparison, the world average in 2022 based on 148 countries is -2.67 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Canada - Fiscal balance, percent of GDP - recent values

Historical chart
Canada - Fiscal balance, percent of GDP - historical chart - 1984-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.99 2022 percent
 Government spending, in dollars 448.85 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.60 2022 percent
 Government debt 107.38 2022 percent
 Government expenditure 152.72 Q3/2023 billion
 Long-term government bond yield 3.82 9/2023 percent
 Tax revenue 12.97 2022 percent
 Commercial tax rate 24.50 2019 percent
 Tax preparation time 131 2019 hours
 Number of taxes 8 2019 taxes
 Taxes on goods and services 14.07 2022 percent
 Taxes on international trade 1.26 2022 percent
 Income and profits taxes 55.09 2022 percent
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