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Explain why Canada and the United States are considered developed countries.
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Explain why Canada and the United States are considered developed countries.

User Leviand
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26 votes

Answer:

The economies of Canada and the United States are similar as both are developed countries and are each other's largest trading partners. However, large differences in population composition, geography, government policies, and productivity all lead to different economies. While the two countries are in the list of the top ten world economies in 2018, the United States is the largest economy in the world, with 20.4 trillion USD, Canada is tenth with 1.8 trillion USD.

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User Boriqua
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