November 7, 2020
Canada receives the top spot for quality of life for the fourth year in a row, according to the 2020
Best Countries report. Canada was also chosen as second place for overall ranking across all metrics.
Quality of Life: 1st place
Canada maintains its first-place ranking under the Quality of Life subranking. This category is evaluated based on several attributes including, how affordable the country is, if there is a strong job market, economic stability, income equality, and well-developed education and public health systems.
Citizenship: 2nd place
Canada is second place in the Citizenship subranking, with Sweden coming in first. The Citizenship subranking is based on several factors like human rights, environmental protection, gender equality, religious freedom, trustworthiness, and well-distributed political power.
Open for Business: 3rd place
The biggest change from last year for Canada is in the Open for Business subranking. Canada was ranked seventh in this category last year now ranks in third place. This subranking evaluates a country on how bureaucratic it is, how cheap manufacturing costs are, the level of corruption, if favourable tax environments exist, and how transparent the government is.
Entrepreneur: 6th place
Under the Entrepreneur subranking, Canada comes in at sixth place. This subranking is based on interconnectivity with the rest of the world, how educated the population is, easy access to capital, transparent business practices, as well as infrastructure and clearly established legal frameworks. Canada ranking highly under the Entrepreneur subranking should come as no surprise. Canada is a country of immigrants. Newcomers to Canada are notoriously entrepreneurial and fuel much of Canada’s economic prosperity.
About the 2020 Best Countries Report
2020 Best Countries Report is a partnership with the BAV Group and the Wharton School of The University of Pennsylvania.
The report surveys, 20,000 people, to evaluate their opinions on 73 countries on 75 different metrics to create nine subrankings:
Adventure Citizenship Cultural Influence Entrepreneurship Heritage Movers Open for Business Power Quality of Life