Canada - Interest payments (current LCU)

The value for Interest payments (current LCU) in Canada was 25,818,000,000 as of 2019. As the graph below shows, over the past 29 years this indicator reached a maximum value of 46,579,000,000 in 1995 and a minimum value of 22,130,000,000 in 2017.

Definition: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1990 42,144,000,000
1991 41,311,000,000
1992 39,796,000,000
1993 39,489,000,000
1994 40,425,000,000
1995 46,579,000,000
1996 45,667,000,000
1997 43,735,000,000
1998 44,250,000,000
1999 44,028,000,000
2000 45,626,000,000
2001 42,172,000,000
2002 37,108,000,000
2003 35,527,000,000
2004 33,808,000,000
2005 32,467,000,000
2006 32,529,000,000
2007 31,932,000,000
2008 30,645,000,000
2009 27,703,000,000
2010 28,280,000,000
2011 28,870,000,000
2012 27,334,000,000
2013 27,290,000,000
2014 25,214,000,000
2015 23,812,000,000
2016 22,543,000,000
2017 22,130,000,000
2018 24,652,000,000
2019 25,818,000,000

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance