Projection of General government net lending/borrowing for Canada
GGNLBPCAA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.79
Year-over-Year Change
-57.65%
Date Range
1/1/2025 - 1/1/2030
Summary
The 'Projection of General government net lending/borrowing for Canada' series tracks the Canadian government's fiscal balance, measuring the difference between total revenue and total expenditure as a percentage of GDP.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator provides insight into the sustainability of Canada's public finances, signaling whether the government is running a surplus or deficit. It is a key metric used by policymakers, economists, and investors to assess the country's fiscal health and macroeconomic outlook.
Methodology
The data is calculated and published by the Organisation for Economic Co-operation and Development (OECD) based on government budget and national accounts data.
Historical Context
The net lending/borrowing ratio is closely monitored by markets and influences assessments of Canada's sovereign credit risk and economic policy decisions.
Key Facts
- Canada's general government net lending/borrowing was -5.47% of GDP in 2020.
- The ratio reached a surplus of 0.13% of GDP in 2019 before the COVID-19 pandemic.
- Deficits are projected to gradually decline in the coming years as the economy recovers.
FAQs
Q: What does this economic trend measure?
A: The 'Projection of General government net lending/borrowing for Canada' series tracks the difference between the Canadian government's total revenue and total expenditure as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the sustainability of Canada's public finances and is a key metric used by policymakers, economists, and investors to assess the country's fiscal health and macroeconomic outlook.
Q: How is this data collected or calculated?
A: The data is calculated and published by the OECD based on government budget and national accounts data.
Q: How is this trend used in economic policy?
A: The net lending/borrowing ratio is closely monitored by markets and influences assessments of Canada's sovereign credit risk and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the OECD, but may be subject to revisions and delays due to the nature of government budget and national accounts data.
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Citation
U.S. Federal Reserve, Projection of General government net lending/borrowing for Canada (GGNLBPCAA188N), retrieved from FRED.