Loans from nonresident banks (net) to GDP in Canada
Canada: Loans from nonresident banks (net) to GDP was 2.6% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Canada, 1969–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Canada recorded 2.6% for loans from nonresident banks (net) to gdp in 2021. That is the highest value across all 52 years on record.
That represents a change of up 527.9% on the previous year and up 332.0% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Canada peaked at 2.6% in 2021 and was at its lowest, -0.8%, in 2008.
That places Canada 9th out of 98 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (net) to GDP in Canada, year by year
| Year | % | Change |
|---|---|---|
| 1969 | 0.1% | — |
| 1971 | 0.1% | +37.1% |
| 1972 | 0.4% | +409.4% |
| 1973 | 0.4% | -0.8% |
| 1974 | 0.3% | -22.7% |
| 1975 | 1.2% | +257.6% |
| 1976 | 1.0% | -14.4% |
| 1977 | 0.4% | -59.7% |
| 1978 | 0.4% | -0.4% |
| 1979 | 0.2% | -57.8% |
| 1980 | 0.3% | +59.9% |
| 1981 | 1.2% | +317.4% |
| 1982 | 0.5% | -60.8% |
| 1983 | 0.3% | -37.6% |
| 1984 | 0.3% | +18.4% |
| 1985 | 0.3% | -24.1% |
| 1986 | 0.6% | +134.7% |
| 1987 | 0.2% | -66.2% |
| 1988 | 0.3% | +70.6% |
| 1989 | 0.1% | -71.2% |
| 1990 | 0.2% | +128.3% |
| 1991 | 0.7% | +194.4% |
| 1992 | 0.4% | -38.5% |
| 1993 | 0.1% | -74.4% |
| 1994 | -0.1% | -177.9% |
| 1995 | -0.1% | +70.8% |
| 1996 | 0.5% | -488.2% |
| 1997 | -0.2% | -135.8% |
| 1998 | 0.8% | -511.3% |
| 1999 | 0.1% | -87.9% |
| 2000 | -0.0% | -134.3% |
| 2001 | 1.1% | -3320.6% |
| 2002 | 0.4% | -65.0% |
| 2003 | 0.6% | +60.4% |
| 2004 | 0.7% | +15.0% |
| 2005 | 0.8% | +17.5% |
| 2006 | 1.2% | +41.2% |
| 2007 | 1.1% | -3.7% |
| 2008 | -0.8% | -169.9% |
| 2009 | 1.7% | -321.1% |
| 2010 | 1.2% | -31.4% |
| 2011 | 0.6% | -49.4% |
| 2012 | 0.1% | -88.2% |
| 2013 | 1.5% | +2066.9% |
| 2014 | 0.0% | -97.8% |
| 2015 | -0.3% | -884.4% |
| 2016 | -0.1% | -68.3% |
| 2017 | 1.3% | -1655.7% |
| 2018 | -0.3% | -120.6% |
| 2019 | 0.3% | -207.5% |
| 2020 | -0.6% | -306.0% |
| 2021 | 2.6% | -527.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1% | 0.1% | 0.1% | 1 |
| 1970s | 0.5% | 0.1% | 1.2% | 9 |
| 1980s | 0.4% | 0.1% | 1.2% | 10 |
| 1990s | 0.2% | -0.2% | 0.8% | 10 |
| 2000s | 0.7% | -0.8% | 1.7% | 10 |
| 2010s | 0.4% | -0.3% | 1.5% | 10 |
| 2020s | 1.0% | -0.6% | 2.6% | 2 |
Countries ranked near Canada
More financial sector data for Canada
- 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)
- Total reserves (gold at market value) (SDR), annual growth rate -0.1235 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,202 SDR per person (2025)
- 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)
Frequently asked questions
- What is loans from nonresident banks (net) to gdp in Canada?
- Loans from nonresident banks (net) to gdp in Canada was 2.6% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Canada?
- The highest recorded value was 2.6% in 2021.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Canada?
- The lowest recorded value was -0.8% in 2008.
- How does Canada rank for loans from nonresident banks (net) to gdp?
- Canada ranks 9th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Canada?
- Over the last ten years it is up 332.0%. 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 (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.