Canada: Household debt to GDP
* indicates monthly or quarterly data series
The most recent value is 101.4 percent as of March 2024, a decline compared to the previous value of 102 percent. Historically, the average for Canada from March 2000 to March 2024 is 88.72 percent. The minimum of 60.5 percent was recorded in March 2001, while the maximum of 112.2 percent was reached in December 2020.
Click on the following link to see the values of: Household debt to GDP around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: The Bank for International Settlements
| Recent values | Canada: Household debt to GDP, in percent |
|---|---|
| 2024 Mar | 101.4 |
| 2023 Dec | 102 |
| 2023 Sep | 102.3 |
| 2023 Jun | 101.7 |
| 2023 Mar | 100.6 |
| 2022 Dec | 101.6 |
| 2022 Sep | 102.7 |
| 2022 Jun | 103.9 |
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Definition: The total outstanding debt of households to banks and other financial institutions as percent of GDP.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 3.9 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 1.3979 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 2,587.56 | 9/2024 | billion |
| Consumer Price Index (CPI) | 161.8000 | 10/2024 | index points |
| Inflation, monthly | 0.43 | 10/2024 | percent |
| Inflation, annual | 2.02 | 10/2024 | percent |
| Private sector credit | 6,412.10 | 9/2024 | billion |
| Business credit | 3,407.86 | 9/2024 | billion |
| Household credit | 3,004.24 | 9/2024 | billion |
| Mortgage credit | 2,219.03 | 9/2024 | billion |
| Consumer credit | 785.20 | 9/2024 | billion |
| Business credit interest rate | 6.42 | 6/2024 | percent |
| Mortgage credit interest rate | 4.85 | 6/2024 | percent |
| Policy rate | 4.25 | 9/2024 | percent |
| Household debt to GDP | 101.40 | 3/2024 | percent |
| Debt service ratios for private non-financial sector | 24.70 | Q1/2024 | percent |