🇨🇦 Canada vs 🇪🇸 Spain

Analysis

By total government debt, Canada ranks 9th-largest and Spain ranks 11th-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 1.6× that in Spain ($68,103 vs $42,368 per person).

Both countries carry debt-to-GDP ratios above the 100% mark that analysts often treat as an informal threshold for closer scrutiny — Canada at 114% and Spain at 100% — meaning each owes more than a full year's worth of national output.

The gap between them is widening: Canada's debt is growing faster in dollar terms ($5K/sec vs $4K/sec for Spain), adding roughly $6,134,400 to the difference each day.

Scale is part of the story too: Spain's population (47M) is about 1.2× Canada's (40M), 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.