
A picture of Toronto. (Photo by Ian Willms/Getty Images)
Global Economic Freedom
In 2022, Canada ranked 8th in economic freedom among 165 countries, with a score of 7.99 out of 10. It was four places behind New Zealand (4th), and three behind the U.S. (5th).
The authors also analyzed the relationship between economic freedom and major social indicators.
Conversely, compared to the freest places, in the 25 percent least economically free jurisdictions, infant mortality is nine times greater, extreme poverty is 30 times more likely, approximately 20 percent of girls aged 15 to 24 are illiterate, and corruption is higher.
“Where people are free to pursue their own opportunities and make their own choices, they lead more prosperous, happier and healthier lives,” Mitchell said.