In 2024, Canada’s social security government debt as a percentage of GDP stands at a forecasted 5.99%. The projected trend indicates a gradual increase, reaching 6.95% by 2028. The year-on-year percentage change reflects a steady upward trend, averaging a compound annual growth rate (CAGR) from 2024 to 2028.

Future trends to watch for include:

Impacts of demographic shifts, such as an aging population, which could increase social security spending.
Potential policy reforms aimed at ensuring the sustainability of social security programs.
The influence of economic growth and inflation rates on the ability to manage and service this debt.