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The economies of Canada and the United States are similar because both are developed countries. While both countries feature in the top ten economies in the world in 2022, the U.S. is the largest economy in the world, with US$24.8 trillion, with Canada ranking ninth at US$2.2 trillion. [citation needed]
The Global Liveability rank Ranking is a yearly assessment published by the Economist Intelligence Unit (EIU), ranking 172 global cities (previously 140) for their urban quality of life based on assessments of stability, healthcare, culture and environment, education and infrastructure. Austria's capital, Vienna, was ranked the most liveable ...
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power ...
Average household income can be used as an indicator for the monetary well-being of a country's citizens. Mean or median net household income, after taxes and mandatory contributions, are taken as indicators of standard of living, because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at least some of their living costs.
By comparing the cost of living in different cities and regions, you can better understand how far your salary can go in different parts of the country.
The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then ...
Economy of Canada. All values, unless otherwise stated, are in US dollars. The economy of Canada is a highly developed mixed economy, [36] [37] [38] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy ...
^ Statistics Canada (March 29, 2023). "Household total income group by household characteristics: Canada, provinces and territories, census metropolitan areas and census agglomerations with parts". www12.statcan.gc.ca. Retrieved May 1, 2023.