Canada has been ranked as the seventh-best country in the world – above Switzerland but below Australia and the United States – and its willingness to welcome people from everywhere else through immigration is one of its strengths.
“Canada is one of the best countries in the world,” proclaims Insider Monkey.
“As of 2024, it boasts a Gross Domestic Product (GDP) of $2.47 trillion. In 2021, the Human Development Index (HDI) of the country was 0.936. It spent 1.7 per cent of its GDP on research and development in 2021. In 2020, Canada had eight million foreign-born people.”
The United Nations Development Programme (UNDP) defines the HDI as a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living.
“The health dimension is assessed by life expectancy at birth, the education dimension is measured by mean of years of schooling for adults aged 25 years and more and expected years of schooling for children of school entering age,” notes the UNDP.
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“The standard of living dimension is measured by gross national income per capita.”
Topping Insider Monkey’s list of the top 10 best countries in the world was the United States.
“In 2021, the country had an HDI of 0.921,” notes Insider Monkey.
“The country boasts a GDP of $27.9 trillion, as of 2024. The number of foreign-born people in the country was 50.6 million in 2020. The country spent a total of 2.46 per cent of its GDP on research and development in 2021.”
The entire list of top 10 best countries is:
- United States
- Germany
- United Kingdom
- Japan
- France
- Australia
- Canada
- South Korea
- Switzerland
- Netherlands
With its openness to foreign nationals from throughout the world and extensive immigration programs, Canada is often ranked high in lists of the best countries in the world.
Last year, the US News & World Report survey revealed that Canada is considered to be the second-best country in the world.
US News & World Report Ranks Canada As Second-Best Country
“Canada is a high-tech industrial society with a high standard of living,” noted the media outlet.
“Trade agreements in the 1980s and 1990s dramatically bolstered trade with the U.S., and now the two counties are each other’s largest trading partner. While the service sector is Canada’s biggest economic driver, the country is a significant exporter of energy, food and minerals. Canada ranks third in the world in proven oil reserves and is the world’s fourth-largest oil producer.
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“Canada is a member of the United Nations, through which it has participated in many peacekeeping missions. It is also a member of NATO and the Commonwealth of Nations.”
In 2021, the US News & World Report placed Canada at the top of that list.
“The North American country ranked first in both the quality of life and social purpose sub rankings, meaning that it is seen as a stable and safe society in which individuals can develop and prosper, and is open, fair and equitable,” the media outlet reported.
