At present, Canada is one of the most developed countries in terms of economy. The standard of living of the local population of Canada is quite high, and in terms of its rates of development, may be inferior only to the United States of America. It is worth noting that such a high economic development is associated with many factors, first of all, with the location of the country. There is a huge amount of natural resources within her territory that the country uses competently. Also, Canada, during her formation, established a very close relationship with France and the United States of America, as well as the United Kingdom. This makes it possible to conduct active trade relations. It is in Canada that the United States of America sells a huge amount of products, which makes it possible to constantly raise the level of the country’s GDP.
However, in this situation there are also negative characteristics. Analysts believe that Canada is in great dependence on the economic and political situation of the United States of America, since it is with this state that its closest international relations are tied. The industry of Canada contributes about one third to the country’s GDP yearly. One-fourth of all able-bodied Canadians are also employed in this sphere. Thanks to good investments and state support, the country’s economy is constantly being modernized, such that at the moment it is characterized by high technical and technological level, as well as innovative developments in the processing of raw materials. Most industrial products are exported.
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