IMD World Competitiveness Booklet 2023

Canada Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Ottawa

9.880 2022 1,302 2022

8

Exchange rate (per $)

13

14

14

15

Population - market size (millions) 38,50 2022 20 Gross Domestic Product (GDP) (US$ billions) 2.142,8 2022 08 GDP (PPP) per capita (US$) 58.192 2022 20 Real GDP growth (%) 3,4 2022 37 Consumer price inflation (%) 6,80 2022 22 Unemployment rate (%) 5,30 2022 34 Labor force (millions) 20,79 2022 20 Current account balance (% of GDP) -0,39 2022 29 Direct investment stocks inward ($bn) 1.437,8 2021 07 Direct investment flows inward (% of GDP) 3,10 2021 25

CHALLENGES IN 2023

• Persisting inflation and the beginning of a recession. • Continuing geopolitical tensions, coupled with a global energy crisis that puts pressure on net-zero goals. • A tight labor market in high-touch sectors following years of contraction; tightness is coupled with changing skill needs for key jobs. • Continuing extreme weather events (floods, fires, etc.) that threaten biodiversity and negatively impact human well being and the economy.

PROVIDED BY: Information and Communications Technology Council (ICTC)

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

5

9

11 10

12 16 15

14

18 22 14 18 18

18

22

22

24 20

25

50

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

1

1

2

2

2

2

2

3

3

3

64 Competitiveness Country Profiles