Every year the U.S. News & World Report ranks the best countries depending on how global perceptions define countries regarding a number of characteristics. Those include impressions that have the potential to drive investment, travel, and trade and directly affect national economies. Recently, Canada ranked with an overall score of 9.7, the second best place to live in the world.
Canada is the second-largest country in the world. It is sparsely populated, with most of its 35.5 million residents living within 125 miles of the U.S. border. Canada’s open wilderness to the north plays a huge role in Canadian identity, as does the country’s good reputation of welcoming immigrants. Also, Canadians are proud for encouraging all their citizens to honor their own cultures and supporting multicultural tolerance. You can have a wonderful international experience in Canada.
Canada is an ultra-modern industrial society with a very high standard of living. Behind a country’s wealth and success are the policies that create potential, the history that shapes the perspective and environment, and the people that drive the effort.
Globalization has expanded a country’s presence beyond its physical borders. And that is something that the Best Countries rankings seek to understand – a nation’s worth beyond just hard metrics.
The ranking methodology takes into consideration the following factors:
- Quality of life
This factor includes a good and wide job market, income equality, affordable living cost, economic stability, family friendliness, political stability, safe environment, well-developed public health and education systems.
Beyond the key ideas of wide access to housing and food, to quality health care and education, to employment that will sustain every person, quality of life also includes intangibles such as political stability, job security, environmental quality and individual freedom. Canada got first place for the Quality of Life factor. A common Canadian consumer spends $28,572 on services and goods each year, according to the World Bank.
Canada got fourth place for this factor among all countries that have relatively generous social safety nets and offer affordable education and healthcare. Also, the country cares about human rights, gender equality, environment, religious freedom, respect for property rights. Besides, it is trustworthy and has well-distributed political power.
- Open for business
With seventh place, Canada is a bureaucratic country with cheap manufacturing costs and low corruption level. Also, it has a favorable tax environment and transparent government practices make it great for doing business in Canada.
This factor states the level of connection to the rest of the world. Also, it shows the number of educated population, skilled labor force, level entrepreneurial development, and support for innovative ideas. Besides, the entrepreneurship score shows that the country provides easy access to capital, has high technological expertise, transparent business practices, well-developed infrastructure and legal framework. Canada ranked seventh place in the world according to this factor.