Canada is one of the world’s most advanced countries, and it has been featured in the top 10 by many organizations, including US News rankings. Inside Monkey places Canada seventh on its list of the 20 top most advanced countries.
Factors making a country advanced include metrics such as sovereignty, high quality of life, a developed or mature economy, and advanced technological infrastructure. Citizens of advanced countries typically enjoy access to quality healthcare and higher education.
The International Monetary Fund defines a top-developed country as one whose economy has a high per capita income.
In 2023, Global Finance named Canada one of the most developed countries and called it “a model for sustainable development and social inclusion.” The publication said Canada has a skilled workforce and abundant energy, mineral, and agricultural resources, but it also benefits from a strong financial and banking sector, a favourable foreign investment environment, and proximity to the US market.
What puts Canada in seventh place on the list of most advanced countries in the world?
Canada is recognized as one of the most advanced countries globally, particularly within the Americas. As the seventh most advanced country globally, its status bolstered by significant research and development (R&D) investments, a high Human Development Index (HDI), and an impressive composite ranking.
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In addition to its significant R&D spending, estimated $34.07 billion in 2021, Human Development Index, and strong composite ranking, other factors have contributed to Canada being ranked as the seventh most advanced country globally.
Strong economic performance
Canada boasts a diverse and advanced economy with robust natural resources, manufacturing, technology, and finance sectors. The country is known for its economic stability and low unemployment rates. Its GDP per capita consistently ranks among the highest globally, providing a solid foundation for growth and development.
As a significant player in global trade, Canada benefits from trade agreements like the Canada-United States-Mexico Agreement (CUSMA) and its membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These agreements boost economic growth and international cooperation.
High quality of life
Canada is known for its political stability, low crime rates, and safe cities, all of which contribute to a high quality of life. As a result, Canada consistently ranks high in global quality of life indices due to its excellent healthcare system, high levels of education, low crime rates, and strong social services. Canadians enjoy a high standard of living with access to clean air, water, and abundant natural resources. The country strongly emphasizes environmental protection and sustainability, with vast natural landscapes and a commitment to reducing carbon emissions.
Technological innovation
Canada’s technology sector in cities like Toronto, Vancouver, and Montreal is growing rapidly. In May 2024, the Canadian government announced that it would allocate more than $800 million in funding to 24 science and research organizations across the country. The country is a hub for startups, artificial intelligence research, and digital innovation.
“With this investment through the Strategic Science Fund, our government is continuing its support for world-class, cutting-edge research and for those who work to inspire and train the next generation,” said François-Philippe Champagne, Minister of Innovation, Science and Industry.
High-quality education system
Canada’s education system is world-renowned. With a high literacy rate and a significant percentage of the population holding post-secondary degrees, Canadian universities are among the top-ranked globally, attracting international students and contributing to the country’s intellectual capital.
Canada is home to several globally recognized universities, such as the University of Toronto, McGill University, and the University of British Columbia. These institutions attract top talent worldwide, contributing to innovation and research.
The country’s education system is known for its inclusivity and accessibility, ensuring that students from various backgrounds have opportunities to excel.
Political stability and governance
Canada has a stable political system with strong institutions and governance. The country is known for its democratic values, respect for human rights, and transparent legal system. This stability makes Canada an attractive destination for investment and immigration.
Advanced healthcare system
Canada is known for its universal healthcare system, considered one of the best in the world. The publicly funded system provides comprehensive medical care to all citizens and residents, contributing to the country’s high life expectancy, low infant mortality, and overall well-being. The government is a leader in medical research, with advancements in biotechnology, pharmaceuticals, and public health.
Environmental sustainability
Canada is recognized for its commitment to environmental sustainability. The country has vast natural resources and is a leader in conservation efforts, renewable energy, and reducing greenhouse gas emissions.
Cultural diversity and inclusion
Canada is known for its multiculturalism, which is one of its greatest strengths. It fosters a society that values diversity and inclusion. This cultural richness attracts immigrants from around the world, which not only boosts the population but also contributes to social and economic vitality.
The country is also known for its strong human rights record and respect for individual freedoms enshrined in the Canadian Charter of Rights and Freedoms.
Canada ranks highly in social progress indicators, including gender equality, LGBTQ+ rights, and multiculturalism. The country’s inclusive policies and cultural diversity, seen as models for other nations.
Global influence
Canada has global influence and plays an active role in international organizations like the United Nations and NATO. Canada is also a member of the G7, which brings together the world’s advanced economies to influence global trends and tackle global issues and crises. Canada’s foreign policy emphasizes diplomacy, peacekeeping, and human rights, contributing to its international reputation as a progressive and responsible nation.
These factors collectively contribute to Canada’s position as the seventh most advanced country in the world. This position is a result of its economic power, high R&D spending, and superior HDI, as well as its strong education and healthcare systems, technological innovation, quality of life, cultural diversity, and robust infrastructure. These factors collectively create an environment that fosters advancement and positions Canada as a global leader.
