🇨🇦 Canada vs 🇮🇹 Italy

Live side-by-side comparison of government debt. Italy currently owes about 1.3× as much as Canada — a gap of $849.3 billion. Updated every second from each country's baseline figure; sources below.

Among the 135 governments tracked here, Canada ranks 14th by debt-to-GDP and Italy 8th. Measured per person, Canada is 5th and Italy 6th.

Analysis

By total government debt, Canada ranks 9th and Italy 6th among the 135 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 government debt in Canada is roughly 1.1× that in Italy ($68,337 vs $62,512 per person).

Both countries carry debt above 100% of GDP — Canada at 114% and Italy at 137% — meaning each owes more than a full year's worth of national output. What that means for each depends on who holds the debt, in what currency and at what interest rate.

The gap between them is narrowing: Canada's debt is growing faster in dollar terms ($8K/sec vs $7K/sec for Italy), closing the difference by roughly $35,769,600 per day. At that pace — and holding both growth rates constant, a simplification, since real-world rates shift with fiscal policy — the two would reach a similar total in roughly 65 years.

Scale is part of the story too: Italy's population (59M) is about 1.4× Canada's (41M), 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.

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