Non-performing loans as a share of bank loans rose 25.1% to 0.568% in Canada in 2024, according to the National Central Bank.
Historically, non-performing loans as a share of bank loans in Canada reached an all time high of 0.596% in 2016 and an all time low of 0.334% in 2022.
Canada has been ranked 89th within the group of 91 countries we follow in terms of non-performing loans as a share of bank loans, 89 places below the position seen 10 years ago.
| Non-Performing Loans (As % of Total Loans) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Australia | % | ... | 0.902% | 0.961% | 1.11% | 0.913% | 0.722% | |||||||||||||||
| Belgium | % | ... | ... | 2.27% | 2.09% | 2.07% | 2.03% | 1.84% | ||||||||||||||
| Belize | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.48% | 5.08% | 6.54% | 3.91% | 4.89% | |||
| Canada | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.505% | 0.503% | 0.529% | 0.376% | 0.334% | ||||
| China | % | ... | ... | ... | ... | ... | ... | 1.83% | 1.86% | 1.84% | 1.73% | 1.63% | ||||||||||
| France | % | ... | ... | ... | ... | 2.75% | 2.51% | 2.38% | 2.17% | 2.08% | ||||||||||||
| Germany | % | ... | 1.24% | 1.05% | ... | ... | 1.23% | |||||||||||||||
| Guatemala | % | ... | ... | ... | ... | ... | 2.18% | 2.20% | 1.83% | 1.73% | 1.25% | |||||||||||
| Honduras | % | ... | ... | 2.28% | 2.38% | 3.22% | 2.83% | 2.38% | ||||||||||||||
| Indonesia | % | ... | 2.21% | 2.34% | 2.64% | 2.64% | 2.15% | |||||||||||||||
| Ireland | % | ... | 5.46% | 3.36% | 3.36% | 2.48% | 1.61% | |||||||||||||||
| Japan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Malaysia | % | ... | 1.47% | 1.52% | 1.57% | 1.68% | 1.72% | |||||||||||||||
| Mexico | % | ... | 2.11% | 2.20% | 2.56% | 2.05% | 2.08% | |||||||||||||||
| New Zealand | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Papua New Guinea | % | ... | ... | ... | ... | 3.73% | 3.79% | 5.33% | 6.16% | 4.78% | ... | |||||||||||
| USA | % | ... | ... | ... | ... | ... | 0.913% | 0.855% | 1.07% | 0.813% | 0.716% | ... | ||||||||||
| United Kingdom | % | ... | ... | ... | 1.10% | 1.02% | 0.983% | 0.969% | 0.947% |
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