Bank cost to income ratio in Canada
Canada: Bank cost to income ratio was 57.3% in 2021. ▼ Falling
Bank cost to income ratio in Canada, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank cost to income ratio in Canada stood at 57.3%.
Compared with earlier readings it is up 1.3% on the previous year and down 4.6% over ten years.
Over the whole period, bank cost to income ratio in Canada peaked at 75.6% in 2002 and was at its lowest, 38.7%, in 2009.
Canada ranks 70th of 169 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Bank cost to income ratio in Canada, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 64.5% | — |
| 2001 | 61.2% | -5.1% |
| 2002 | 75.6% | +23.6% |
| 2003 | 63.0% | -16.6% |
| 2004 | 64.4% | +2.2% |
| 2005 | 58.6% | -9.1% |
| 2006 | 49.6% | -15.3% |
| 2007 | 50.5% | +1.9% |
| 2008 | 48.9% | -3.2% |
| 2009 | 38.7% | -21.0% |
| 2010 | 65.7% | +69.9% |
| 2011 | 60.1% | -8.4% |
| 2012 | 59.3% | -1.3% |
| 2013 | 60.4% | +1.8% |
| 2014 | 60.6% | +0.4% |
| 2015 | 60.5% | -0.2% |
| 2016 | 59.9% | -1.1% |
| 2017 | 58.3% | -2.6% |
| 2018 | 56.8% | -2.5% |
| 2019 | 57.9% | +1.9% |
| 2020 | 56.6% | -2.2% |
| 2021 | 57.3% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 57.5% | 38.7% | 75.6% | 10 |
| 2010s | 60.0% | 56.8% | 65.7% | 10 |
| 2020s | 57.0% | 56.6% | 57.3% | 2 |
Countries ranked near Canada
More financial sector data for Canada
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.1235 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,202 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 3.66 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.1913 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.031 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,725 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.1235 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,202 SDR per person (2025)
Frequently asked questions
- What is bank cost to income ratio in Canada?
- Bank cost to income ratio in Canada was 57.3% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank cost to income ratio recorded in Canada?
- The highest recorded value was 75.6% in 2002.
- What is the lowest bank cost to income ratio recorded in Canada?
- The lowest recorded value was 38.7% in 2009.
- How does Canada rank for bank cost to income ratio?
- Canada ranks 70th out of 169 countries with data for 2021.
- Is bank cost to income ratio rising or falling in Canada?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank cost to income ratio (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2090 / (data2080 + data2085). All Numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.