Loans from nonresident banks (amounts outstanding) to GDP in Canada
Canada: Loans from nonresident banks (amounts outstanding) to GDP was 56.2% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Canada, 1969–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (amounts outstanding) to gdp in Canada is 56.2%, measured in 2021.
Compared with earlier readings it is down 9.4% on the previous year and up 56.1% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Canada peaked at 62.1% in 2020 and was at its lowest, 0.1%, in 1969.
Canada ranks 23rd of 136 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Canada, year by year
| Year | % | Change |
|---|---|---|
| 1969 | 0.1% | — |
| 1970 | 0.2% | +62.1% |
| 1971 | 0.4% | +113.3% |
| 1972 | 1.6% | +295.0% |
| 1973 | 2.4% | +47.2% |
| 1974 | 3.3% | +37.5% |
| 1975 | 5.7% | +71.6% |
| 1976 | 8.9% | +57.0% |
| 1977 | 11.1% | +24.4% |
| 1978 | 13.3% | +19.5% |
| 1979 | 13.6% | +2.3% |
| 1980 | 12.8% | -5.8% |
| 1981 | 14.2% | +10.8% |
| 1982 | 16.7% | +17.7% |
| 1983 | 16.4% | -1.5% |
| 1984 | 16.7% | +1.8% |
| 1985 | 18.0% | +7.4% |
| 1986 | 21.5% | +19.5% |
| 1987 | 20.5% | -4.4% |
| 1988 | 18.6% | -9.4% |
| 1989 | 17.2% | -7.7% |
| 1990 | 17.7% | +2.8% |
| 1991 | 19.4% | +9.8% |
| 1992 | 20.8% | +7.2% |
| 1993 | 24.6% | +18.2% |
| 1994 | 27.5% | +12.1% |
| 1995 | 27.9% | +1.5% |
| 1996 | 27.4% | -1.8% |
| 1997 | 26.8% | -2.2% |
| 1998 | 31.4% | +17.0% |
| 1999 | 30.6% | -2.6% |
| 2000 | 26.3% | -14.1% |
| 2001 | 28.5% | +8.7% |
| 2002 | 30.1% | +5.5% |
| 2003 | 29.2% | -2.9% |
| 2004 | 28.0% | -4.2% |
| 2005 | 25.7% | -8.3% |
| 2006 | 25.9% | +0.8% |
| 2007 | 29.1% | +12.4% |
| 2008 | 28.5% | -2.0% |
| 2009 | 38.8% | +36.1% |
| 2010 | 37.9% | -2.5% |
| 2011 | 36.0% | -4.9% |
| 2012 | 37.6% | +4.3% |
| 2013 | 40.2% | +7.0% |
| 2014 | 41.3% | +2.7% |
| 2015 | 48.3% | +17.0% |
| 2016 | 52.7% | +9.2% |
| 2017 | 54.1% | +2.7% |
| 2018 | 53.2% | -1.8% |
| 2019 | 55.5% | +4.4% |
| 2020 | 62.1% | +11.8% |
| 2021 | 56.2% | -9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1% | 0.1% | 0.1% | 1 |
| 1970s | 6.1% | 0.2% | 13.6% | 10 |
| 1980s | 17.3% | 12.8% | 21.5% | 10 |
| 1990s | 25.4% | 17.7% | 31.4% | 10 |
| 2000s | 29.0% | 25.7% | 38.8% | 10 |
| 2010s | 45.7% | 36.0% | 55.5% | 10 |
| 2020s | 59.1% | 56.2% | 62.1% | 2 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is loans from nonresident banks (amounts outstanding) to gdp in Canada?
- Loans from nonresident banks (amounts outstanding) to gdp in Canada was 56.2% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Canada?
- The highest recorded value was 62.1% in 2020.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Canada?
- The lowest recorded value was 0.1% in 1969.
- How does Canada rank for loans from nonresident banks (amounts outstanding) to gdp?
- Canada ranks 23rd out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Canada?
- Over the last ten years it is up 56.1%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.