Financial soundness indicators in Canada

Canada: Financial soundness indicators was 0.8% in 2023. ▲ Rising

Latest (2023)
0.8%
Change on year
down 33.1%
World rank
133rd
of 146 countries
All-time high
1.2%
in 2006
All-time low
0.5%
in 2008
Years of data
19
2005–2023

Financial soundness indicators in Canada, 2005–2023

00.250.50.7511.22005201420232005: 0.99 %2006: 1.2 %2007: 1.1 %2008: 0.53 %2009: 0.69 %2010: 1 %2011: 1.2 %2012: 1.1 %2013: 1.1 %2014: 1.1 %2015: 1 %2016: 1 %2017: 1.1 %2018: 1.1 %2019: 1.1 %2020: 0.78 %2021: 1.1 %2022: 1.2 %2023: 0.79 %

Source: International Monetary Fund – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for financial soundness indicators in Canada is 0.8%, measured in 2023.

Compared with earlier readings it is down 33.1% on the previous year and down 27.5% over ten years.

Over the whole period, financial soundness indicators in Canada peaked at 1.2% in 2006 and was at its lowest, 0.5%, in 2008.

Canada ranks 133rd of 146 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 19 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.9% 0.5% 1.2% 5
2010s 1.1% 1.0% 1.2% 10
2020s 1.0% 0.8% 1.2% 4

Countries ranked near Canada

  1. 130 Saint Vincent and the Grenadines 0.8% compare
  2. 131 Denmark 0.8% compare
  3. 132 San Marino 0.8% compare
  4. 134 Germany 0.7% compare
  5. 135 Lebanon 0.7% compare
  6. 136 China 0.7% compare

See the full ranking of 146 places →

More reference data data for Canada

All data for Canada →

Frequently asked questions

What is financial soundness indicators in Canada?
Financial soundness indicators in Canada was 0.8% in 2023, according to International Monetary Fund – processed by Our World in Data.
What is the highest financial soundness indicators recorded in Canada?
The highest recorded value was 1.2% in 2006.
What is the lowest financial soundness indicators recorded in Canada?
The lowest recorded value was 0.5% in 2008.
How does Canada rank for financial soundness indicators?
Canada ranks 133rd out of 146 countries with data for 2023.
Is financial soundness indicators rising or falling in Canada?
Over the last ten years it is down 27.5%. The long-run trend across the full record is rising.
Where does this Canada data come from?
The figures come from International Monetary Fund – processed by Our World in Data, published as part of Financial soundness indicators. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Financial soundness indicators
Unit
%
Source
International Monetary Fund – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
146 places, 2,107 data points, 2001–2024
Last refreshed

Return on assets (%)