Collin Hansinger

Overall Score: 79.1 World Rank: 6

Canada quick facts/ United States

Population: 35.1 million/316.4 milion

GDP: 1.5621 trillion/16.8 trillion

GDP growth: 2%/1.9%

GDP per capita: 43,472/53,101

Unemployment: 7.1%/7.5%

Inflation: 1%/1.5%

FDI inflow: 62.3 billion/187.5 billion

7 Major Sources of Economic Progress

Legal system

The legal system in Canada is good and the courts are not corrupted.

Competitive Markets

Trade freedom gives people the right to trade and sell things freely and makes markets competitive.