IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL CANADA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Ottawa

2017 2018 2019 2020 2021

9,880 2020 1.341 2020 37.74 2020 1,720.4 2020 49,019 2020 -5.2 2020 0.72 2020 8.50 2020 19.90 2020 -1.85 2020 1,037.1 2019

8

Exchange Rate (per $)

10

12

13

14

23

Population - market size (millions)

CHALLENGES IN 2021 Shortage of skilled talent in high-growth sectors: technology, cleantech, digital health, advanced manufacturing, fintech etc. • Shortage of skilled talent in high-growth sectors: technology, cleantech, digital health, advanced manufacturing, fintech etc. • Challenges scaling up SMEs to develop IP, commercialize and export. • Lack of visibility and regulatory clarity to draw high-quality FDI in key areas: AI, digital health, fintech etc. • Digital divide: uneven access to digital infrastructure (in suburban and rural communities) and very high cost (challenge exacerbated by the pandemic). • Challenges building local supply chains and leveraging trade agreements to build international supply chains. Pr vided by: Information and Communications Technology Council (ICTC) Information and Communications Technology Council (ICTC)

9

Gross Domestic Product (GDP) (US$ billions)

20

GDP (PPP) per capita (US$)

35

Real GDP growth (%)

30

Consumer price inflation (%)

48

Unemployment rate (%)

21

Labor force (millions)

51

Current account balance (% of GDP)

9

Direct investment stocks inward ($bn)

2.55 2019

27

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

4

8

9

10 9

12

12

13

15

16 16

16

16

19

19

22

23

28

44

47

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

1

1

2

2

2

2

2

2

2

3

59

IMD WORLD COMPETITIVENESS BOOKLET 2021