🇦🇺 Australia vs 🇨🇦 Canada

Analysis

By total government debt, Australia ranks 14th-largest and Canada ranks 9th-largest among the 137 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the national debt in Canada is roughly 1.8× that in Australia ($68,103 vs $38,662 per person).

The debt-to-GDP picture is asymmetric here: Canada sits at 114% of GDP, well above Australia's 51%, meaning Canada owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is widening: Canada's debt is growing faster in dollar terms ($5K/sec vs $4K/sec for Australia), adding roughly $17,971,200 to the difference each day.

Scale is part of the story too: Canada's population (40M) is about 1.5× Australia's (27M), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.