A highly developed country, Canada has the seventeenth-highest nominal per-capita income globally and the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

Canada is the world's tenth-largest economy as of 2018, with a nominal GDP of approximately US$1.73 trillion. It is one of the least corrupt countries in the world, and is one of the world's top ten trading nations, with a highly globalized economy. Canada has a mixed economy ranking above the U.S.

Canada is described as a "full democracy", with a tradition of liberalism, and an egalitarian, moderate political ideology.

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