Total household liabilities as of GDP rose 16.7% to 119% in Canada in 2020, according to OECD.
Historically, total household liabilities as of GDP in Canada reached an all time high of 119% in 2020 and an all time low of 55.1% in 1990. When compared to Canada's main peers, total household liabilities as of GDP in Australia amounted to 140%, 20.3% in Mexico, 97.5% in United Kingdom and 79.3% in USA in 2020.
Canada has been ranked 5th within the group of 33 countries we follow in terms of total household liabilities as of GDP, 1 place above the position seen 10 years ago.
| Total Household Liabilities (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 116% | 119% | 124% | 115% | 120% | ... | |||||||||||||||
| Belgium | % | 57.3% | 56.0% | 62.9% | 58.2% | 62.4% | ... | |||||||||||||||
| Belize | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.0% | ... | ... | ... | ... |
| Canada | % | 92.3% | 102% | 105% | 94.6% | 102% | ... | |||||||||||||||
| China | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| France | % | 55.0% | 54.4% | 62.0% | 58.6% | 62.5% | ... | |||||||||||||||
| Germany | % | 52.6% | 50.9% | 56.3% | 51.2% | 53.9% | ||||||||||||||||
| Guatemala | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Honduras | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Indonesia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.1% | ... | ... | ... | ... |
| Ireland | % | 54.8% | 50.3% | 49.4% | 40.4% | 37.7% | ||||||||||||||||
| Japan | % | 60.5% | 56.6% | 60.7% | 62.3% | 62.9% | ||||||||||||||||
| Malaysia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Mexico | % | ... | ... | ... | ... | ... | ... | ... | 16.5% | 16.9% | 18.0% | 15.6% | 16.2% | |||||||||
| New Zealand | % | 70.2% | 73.6% | 73.0% | 72.4% | 77.8% | ... | |||||||||||||||
| Papua New Guinea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| USA | % | 76.6% | 76.7% | 76.4% | 74.7% | 74.1% | ||||||||||||||||
| United Kingdom | % | 84.0% | 78.5% | 90.5% | 81.5% | 87.0% |
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