Debt to GDP

[wheatking16]

From ChatGPT:

As of 2023, Canada's gross government debt stands at approximately 107.5% of its Gross Domestic Product (GDP), while the United States' gross federal debt is about 121.6% of its GDP.

Trading Economics ([url]https://tradingeconomics.com/canada/government-debt-to-gdp?utm_source=chatgpt.com[/url])

Federal Reserve Bank of St. Louis ([url]https://fred.stlouisfed.org/series/gfdegdq188S?utm_source=chatgpt.com[/url])

Historically, both nations have experienced fluctuations in their debt-to-GDP ratios. Canada's ratio peaked at 118.2% in 2020, primarily due to increased borrowing during the COVID-19 pandemic, but has since declined.

Trading Economics ([url]https://tradingeconomics.com/canada/government-debt-to-gdp?utm_source=chatgpt.com[/url])

Similarly, the U.S. ratio reached a high of 132.96% in April 2020 and has gradually decreased.

Trading Economics ([url]https://tradingeconomics.com/united-states/federal-debt-total-public-debt-as-percent-of-gross-domestic-product-fed-data.html?utm_source=chatgpt.com[/url])

These figures indicate that both countries have substantial debt relative to their economic output, with the U.S. maintaining a higher debt-to-GDP ratio compared to Canada.

[TASFarms]

What is the dept to gdp today?

[wheatking16]

As of 2024, Canada's gross government debt is approximately 107.5% of its Gross Domestic Product (GDP), while the United States' gross federal debt stands at about 122.3% of its GDP.

Trading Economics ([url]https://tradingeconomics.com/canada/government-debt-to-gdp?utm_source=chatgpt.com[/url])

CEIC Data ([url]https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp?utm_source=chatgpt.com[/url])

Historically, both countries have experienced fluctuations in their debt-to-GDP ratios. Canada's ratio peaked at 118.2% in 2020 due to increased borrowing during the COVID-19 pandemic but has since declined. Similarly, the U.S. ratio reached a high of 126.3% in 2020 and has gradually decreased.

Trading Economics ([url]https://tradingeconomics.com/canada/government-debt-to-gdp?utm_source=chatgpt.com[/url])

CEIC Data ([url]https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp?utm_source=chatgpt.com[/url])

These figures indicate that both nations have substantial debt relative to their economic output, with the U.S. maintaining a higher debt-to-GDP ratio compared to Canada.

[wheatking16]

From Perplexity:

??????Canada's government debt-to-GDP ratio is expected to reach 106.80% by the end of 2024[1]. This represents a slight decrease from the 107.50% recorded in 2023[1].

## Key Metrics
**Gross Debt vs Net Debt**
The difference between these measurements is significant for Canada:
- **Gross Debt**: Currently around 105% of GDP[2]
- **Net Debt**: Approximately 13.3% of GDP[5]

## Historical Context
Canada's government debt-to-GDP ratio has fluctuated significantly over time:
- **Historical Average**: 81.57% (1980-2023)
- **Highest Point**: 118.20% (2020)
- **Lowest Point**: 44.90% (1980)[1]

## Future Projections
The debt-to-GDP ratio is projected to follow a gradual declining trend:
- 106.80% by end of 2024
- 106.00% in 2025
- 104.00% in 2026[1]

## Financial Impact
By the end of the 2024-25 fiscal year, Canada's total market debt is expected to exceed $1.4 trillion, with daily debt growth of over $100 million[3]. The country pays more than $1,200 in interest every second[3].

Citations:
[1] [url]https://tradingeconomics.com/canada/government-debt-to-gdp[/url]
[2] [url]https://www.worldeconomics.com/Debt/Canada.aspx[/url]
[3] [url]https://theconversation.com/national-debt-explained-what-you-should-know-about-canadas-deficit-236841[/url]
[4] [url]https://www.imf.org/external/datamapper/profile/CAN[/url]
[5] [url]https://www.fraserinstitute.org/sites/default/files/caution-required-when-comparing-canadas-debt-to-other-countries-2024.pdf?[/url]

[wrongway]

now do per capita gdp growth comparisons if yo really want to get depressed

[AlbertaFarmer5]

One country has the worlds reserve currency, one doesn't.
As long as that status is maintained, debt to GDP between the two cannot be compared.

[shtferbrains]

Ability to repay is the most important thing with debt.
There is a wide spread in levels and intensity of taxation.
Canada has about run out of things to tax.
Seem to see great opportunities in taxing the weather

[biglentil]

In our current debt based fiat monetary system it's impossible for the debt to be repaid. Dollars only come into existance as debt with interest owing, mousclick money from Canada's Central bank. Canada's Central Bank is what is deemed a special rights Crown Corp, meaning it is actually controlled by undisclosed private shareholders. This change occurred under Pierre Elliot Trudeau as well as the sell off of Canada's gold reserves at $400 and ounce.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" Mayer Amschel Rothschild

[wrongway]

Ability to repay is the most important thing with debt.
There is a wide spread in levels and intensity of taxation.
Canada has about run out of things to tax.
Seem to see great opportunities in taxing the weather

If only that were true.
1. Britain has implemented an inheritance tax on farmland.
2. digital service taxes coming very soon to a country near you
3. toronto proposing a rain tax on property owners
4.carbon tax nowhere near done...would like to think Poilievre will fix it but...
5. corporate taxes are always on the radar...especially the small business exemption.
6.RM's now have a declaration for section 293 tax exemption...now that they are counting houses you can bet they'll be taxing them. Also have the fed underused housing rules.
7. Recall the beneficial ownership filing requirement that was dropped at the last minute this april. another count it then tax it.

these are just off the top of my head and within the last year or so.