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By 2008, Canada's poverty rate was among the highest of Organisation for Economic Co-operation and Development (OECD) member nations—the wealthiest countries in the world. [6] The number of people living below the official poverty line decreased substantially from 14.5% in 2015 to 10.1% in 2019, [7] and 6.4% in 2020. [4]
Image credits: Sea_Pop_772 Only 12% of the 3,000 respondents said they consider themselves wealthy and only 4 in 10 people who are objectively wealthy, with assets of more than $2 million, said ...
Canada's fertility rate hit a record low of 1.4 children born per woman in 2020, [30] below the population replacement level, which stands at 2.1 births per woman. In 2020, Canada also experienced the country's lowest number of births in 15 years, [30] also seeing the largest annual drop in childbirths (−3.6%) in a quarter of a century. [30]
By 2024, Canada experienced a significant economic divergence from the United States, marking a departure from decades of parallel growth. This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier.
Note: "Poverty among the elderly in Canada is at 6.7 per cent, much lower than for children or the working-age population." 2018 U.S. News & World Report Best Countries for Education [13] 4 - Measures quality of education in the 80 most developed countries 2022 State of World Liberty Project: State of World Liberty Index [14] 4 Top 5%
In the developing world, many factors can contribute to a poverty trap, including: limited access to credit and capital markets, extreme environmental degradation (which depletes agricultural production potential), corrupt governance, capital flight, poor education systems, disease ecology, lack of public health care, war and poor infrastructure.
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's second-largest country by total area, with the world's longest coastline. Its border with the United States is the world's longest international land border.
The economy of Canada is a highly developed mixed economy, [33] [34] [35] the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion. [37]