Goal 19

Net Debt to GDP

By 2024 the Province of Nova Scotia’s net debt to GDP ratio will be 30% or less.

Updated:

Net Debt to GDP data summary graphic

CURRENT SITUATION

The latest net debt-GDP ratio was 37.5 per cent in 2015-16, down from 38.3 per cent in 2014-15. Although this represents an improvement from the previous year, it remains above the baseline. There have been revisions to the historical nominal GDP data, resulting in a higher ratio for the baseline period (to 36.9 per cent in 2012-13). Nova Scotia is not on track to meet this target now.

yearNet GDP Ratiotarget
198119.030.0
198220.630.0
198321.530.0
198423.130.0
198525.130.0
198624.930.0
198724.930.0
198824.830.0
198926.230.0
199027.530.0
199129.530.0
199238.930.0
199343.030.0
199444.230.0
199544.130.0
199645.630.0
199747.430.0
199846.930.0
199947.330.0
200047.530.0
200145.430.0
200243.630.0
200341.430.0
200439.930.0
200538.130.0
200637.830.0
200735.730.0
200834.830.0
200937.230.0
201035.030.0
201135.530.0
201236.930.0
201338.230.0
201438.330.0
201537.530.0

WHAT THIS MEANS

This data measures the dollar value of the provincial government's debt relative to the size of the province's GDP. GDP size is a common measure of the provincial tax base from which the government can draw revenue and is thus a measure of its ability to pay down debt.

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