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G7 countries' debt-to-GDP ratios vary widely in 2025, with Japan having the highest ratio and Germany and Canada having lower ratios
Canada’s general‑government net debt was the lowest in the G7 in 2024, with IMF‑based estimates cited by the Canadian government putting net debt at roughly 11.9–14.4% of GDP depending on the product ...
Canada’s gross government debt has risen since 2014 in line with most G7 peers, but its net-debt position — which subtracts government financial assets from gross liabilities — looks materially strong...
stands out in the reporting as the country with the largest share of government debt held domestically—an established pattern repeatedly noted in recent analyses—while the available sources do not pro...