Canada has the 11th largest economy in the world, based on nominal Gross Domestic Product. A member of both the Organization for Economic Cooperation and the Group of Seven, Canada’s is considered one of the most stable economies in the world. In 2015, according to the Forbes Global 2000 List, Canada is ranked 8th with a total of 52 companies on the list.
Canada’s political system is a parliamentary democracy, with its own social and political institutions. The economy is closely linked to that of the United States, but Canada has its own economic institutions. Canada also has a well-developed social safety-net to protect citizens from financial inequities.
Canada’s main industries vary from region to region, however like most developed nations it is heavily weighted in the service sector. Other important industries include oil & gas, logging, automobile and aircraft manufacturing, and fishing. Canada also relies on its tourism industry and has a developing high tech sector and film, television and entertainment industry.
Canada has entered into Free Trade Agreements with several nations, and is negotiating additional agreements. Import and export are contributing factors to the economy, and although Canada does business with many nations, the largest trading partner by far is the United States.
As of 2013 Canada is ranked in the 84th percentile for Political Stability and Absence of Violence/Terrorism and in the 97th percentile for Government Effectiveness according to The Worldwide Governance Indicators (WGI) project.