Where Data Tells the Story
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What we’re showing
GDP per capita for the US, Canada, and OECD (average).
Key takeaways
Context
One reason for Canada’s weaker performance is its lackluster R&D spending, which represented 1.7% of GDP in 2021. This is significantly lower than America’s share of 3.4%.
In fact, the OECD believes that Canada will be the worst performing advanced economy for the rest of this decade, and even possibly to 2060.