According to a recent survey by U.S. News & World Report, Canada is rated as the second-best country in the world for 2023.
It should come as no surprise that Canada has been rated second on the list of the best countries in the world, given that it has the coolest street in the entire world and the fifth-coolest neighborhood on the planet.
Is Canada the ideal place to live in the world?
The Wharton School at the University of Pennsylvania, led by Professor David Reibstein, and WPP, a global marketing and communications services company, used their proprietary BAV brand analytics tool to collaborate with U.S. News & World Report to rank nations.
They identified 73 national traits or phrases that are essential to a nation’s modern success. From March 17 to June 12, 17,000 people worldwide participated in a poll about these features. Participants rated their association of qualities with nations.
Each country scored in each of the 73 categories based on survey results. The more firmly a country is regarded as embodying a quality than the average, the higher its attribute score, and vice versa. A standard scale was created from these ratings for comparability.
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These attributes were separated into eleven thematic subrankings: adventure, agility, cultural influence, entrepreneurship, heritage, movers, openness to business, power, quality of life, and social purpose, to establish the Best Countries rankings. Each country’s subranking scores were calculated by averaging its ratings for each attribute.
The breakdown is as follows:
Connectivity, education, innovation, easy access to finance, a skilled labor force, technological know-how, open business practices, a well-developed physical infrastructure, digital infrastructure, and legal framework are all factors that support entrepreneurship (14.13%).
Quality of Life (14.12%): a robust economy, strong job market, family-friendly environment, income equality, political stability, safe environment, secure environment, appropriate public health system funding, and safe environment
Agile (14.02%): sophisticated, adaptive, and sensitive
Supports property rights, gender equality, the environment, human rights, gender equity, racial equity, animal rights, climate goals, and social justice (12.83%).
Movers (11.54%): distinctive, energetic, and diversified.
Cultural Influence (10.44%): strong consumer brand, stylish, pleasurable, powerful culture, contemporary, prestigious, and trendy.
Low manufacturing prices, a welcoming tax environment, and clumsy, dishonest, and transparent government procedures make this country business-friendly (9.43%).
Adventure (5.37%): pleasant, enjoyable, tourist-friendly, great climate, landscape, and appealing
Power (5.00%) includes leadership, financial clout, exports, political weight, international ties, and military strength.
Heritage (3.13%): a public area with a long history, famous food, and geographical and cultural monuments.
Why is Canada the best country to live in?
This study placed Canada fifth for entrepreneurship, after the US, Germany, Japan, and the UK; third for quality of life, behind Sweden and Norway; fourth for social purpose, ahead of Sweden, Norway, and Finland; and second for agility, ahead of the US.
- Canada was one of the top seven nations for these reasons:
- Second-best country for a career start
- 4th-top education nation
- The seventh-best country for studying abroad
- 7th-greatest nation for families
- Second-most racially equal nation
- 6th-best country for women
- Country for easy sixth-place retirement
- The 6th most transparent nation
- Second-best corporate HQ country
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