Canada's subsidies and other transfers (current LCU) was 434.96 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 92.79% from 225.61 billion in 2014 (6.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 434.96 billion | 2024 |
| Five years earlier | 299.4 billion | 2019 |
| Ten years earlier | 225.61 billion | 2014 |
| Highest | 507.42 billion | 2020 |
| Lowest | 87.46 billion | 1990 |
| Average since 2015 | 347.33 billion | 2015–2024 |
| First recorded | 87.46 billion |
What the numbers say
In 2024, Canada's subsidies and other transfers (current LCU) rose 11.7% on 2023 (from 389.31 billion to 434.96 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +5.1% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 69.5% in 2020 and the biggest yearly fall was 14.9% in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 23.62 billion a year. A straight line explains 60% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Canada had the 36th highest value of the 89 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Canada in the 2024 ranking
- Uruguay — 33rd of 89: 657.42 billion
- United Kingdom — 34th of 89: 551.88 billion
- Spain — 35th of 89: 441.11 billion
- Romania — 37th of 89: 382.53 billion
- Albania — 38th of 89: 370.22 billion
- Netherlands — 39th of 89: 342.98 billion
What this measures
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: 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).
All 35 values
| Year | Subsidies and other transfers (current LCU) |
|---|---|
| 2024 | 434,964,000,000 |
| 2023 | 389,313,000,000 |
| 2022 | 369,439,000,000 |
| 2021 | 434,279,000,000 |
| 2020 | 507,418,000,000 |
| 2019 | 299,399,000,000 |
| 2018 | 278,000,000,000 |
| 2017 | 267,962,000,000 |
| 2016 | 253,190,000,000 |
| 2015 | 239,322,000,000 |
Subsidies and other transfers (current LCU) in nearby economies
- United States — 4.62 trillion (2024)
More public sector data for Canada
- Arms imports (SIPRI trend indicator values) — 83 million (2025)
- Military expenditure (current USD) — 37.49 billion (2025)
- Military expenditure (current LCU) — 52.4 billion (2025)
- Military expenditure (% of GDP) — 1.63% (2025)
- Arms exports (SIPRI trend indicator values) — 312 million (2025)
- Military expenditure (% of general government expenditure) — 3.69% (2025)
- Net acquisition of financial assets (current LCU) — 121.6 billion (2024)
- Net acquisition of financial assets (% of GDP) — 3.91% (2024)
- Central government debt, total (current LCU) — 1.99 trillion (2024)
- Central government debt, total (% of GDP)
Reading data like this
Questions people ask
- What is Canada's subsidies and other transfers (current LCU)?
- 434.96 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 397.33% from 87.46 billion in 1990 (4.83% a year on average, compounded). The highest value was 507.42 billion in 2020 and the lowest 87.46 billion in 1990.
- How does Canada rank?
- 36th highest of 89 economies with data for 2024.
- Is the latest change in subsidies and other transfers (current LCU) unusual for Canada?
- In 2024, Canada's subsidies and other transfers (current LCU) rose 11.7% on 2023 (from 389.31 billion to 434.96 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +5.1% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.TRFT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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