diff --git a/src/wallet/sqlite.cpp b/src/wallet/sqlite.cpp
index 77e8a4e9c19..337236e6a09 100644
--- a/src/wallet/sqlite.cpp
+++ b/src/wallet/sqlite.cpp
@@ -34,6 +34,21 @@ static void ErrorLogCallback(void* arg, int code, const char* msg)
     LogPrintf("SQLite Error. Code: %d. Message: %s\n", code, msg);
 }
 
+static int TraceSqlCallback(unsigned code, void* context, void* param1, void* param2)
+{
+    auto* db = static_cast<SQLiteDatabase*>(context);
+    if (code == SQLITE_TRACE_STMT) {
+        auto* stmt = static_cast<sqlite3_stmt*>(param1);
+        // To be conservative and avoid leaking potentially secret information
+        // in the log file, only expand statements that query the database, not
+        // statements that update the database.
+        char* expanded{sqlite3_stmt_readonly(stmt) ? sqlite3_expanded_sql(stmt) : nullptr};
+        LogPrintf("[%s] SQLite Statement: %s\n", db->Filename(), expanded ? expanded : sqlite3_sql(stmt));
+        if (expanded) sqlite3_free(expanded);
+    }
+    return SQLITE_OK;
+}
+
 static bool BindBlobToStatement(sqlite3_stmt* stmt,
                                 int index,
                                 Span<const std::byte> blob,
@@ -235,6 +250,13 @@ void SQLiteDatabase::Open()
         if (ret != SQLITE_OK) {
             throw std::runtime_error(strprintf("SQLiteDatabase: Failed to enable extended result codes: %s\n", sqlite3_errstr(ret)));
         }
+        // Trace SQL statements if tracing is enabled with -debug=walletdb -loglevel=walletdb:trace
+        if (LogAcceptCategory(BCLog::WALLETDB, BCLog::Level::Trace)) {
+           ret = sqlite3_trace_v2(m_db, SQLITE_TRACE_STMT, TraceSqlCallback, this);
+           if (ret != SQLITE_OK) {
+               LogPrintf("Failed to enable SQL tracing for %s\n", Filename());
+           }
+        }
     }
 
     if (sqlite3_db_readonly(m_db, "main") != 0) {