Canada Ranks 11th on the Global Peace Index 2024

Top 25 Most Peaceful Countries in 2024

#1 – Iceland
#2 – Ireland
#3 – Austria
#4 – New Zealand
#5 – Singapore
#6 – Switzerland
#7 – Portugal
#8 – Denmark
#9 – Slovenia
#10 – Malaysia
#11 – Canada
#12 – Czechia
#13 – Finland
#14 – Hungary
#15 – Croatia
#16 – Belgium
#17 – Japan
#18 – Netherlands
#19 – Australia
#20 – Germany
#21 – Bhutan
#22 – Mauritius
#23 – Spain
#24 – Estonia
#25 – Kuwait

Key Findings

The average “peacefulness” of global countries dropped by 0.56 per cent in the 2024 GPI, the fifth-consecutive year that global peacefulness has deteriorated
The past year saw 65 countries see an improvement in their “peacefulness” rank, while 97 countries saw a drop. This is the most countries to see a deterioration in a single year since the index was inaugurated.
Conflicts in Ukraine and Gaza were the primary drivers of the fall in peacefulness worldwide
North America saw the largest regional deterioration in peacefulness, with Canada and the U.S. seeing the largest drops, driven by increases in violent crime and perceptions of criminality.
The Middle East and North Africa (MENA) region remains the least peaceful, as it s home to four of the ten least peaceful countries in the world
Of the GPI’s 23 indicators, eight saw an improvement, 13 recorded a deterioration, and two had no change over the past year
One hundred countries are at least partially involved in some form of external conflict over the past five years, up from 59 in 2008
The economic impact of violence on the global economy in 2023 was $19.1 trillion in purchasing power parity (PPP)

See more results and trends at the GPI 2024.

Global Peace Index: Methodology

GPI 2024 Rankings - 1-83

The GPI covers 99.7 per cent of the world's population using 23 indicators drawn from highly respected sources, which are categorized into three main areas:

1. Societal Safety and Security

Utilizes six statistical indicators to analyze the extent to which countries are involved in internal and external conflicts, as well as their role and duration of involvement in said conflicts.

2. Ongoing Domestic and International Conflict

Utilizes eleven indicators to evaluate a nation's harmony or discord level. The assertion is that low crime rates, minimal violent demonstrations and terrorist activity, harmonious relations with nearby countries, a stable political scene and a small proportion of the population being internally displaced or made refugees are equated with peacefulness.

3. Militarization

Six more indicators determine a country's militarization, reflecting a link to military build-up and access to weapons and its level of peacefulness on a domestic and international stage.

Total Scores

Scores for each indicator above are normalized on a scale of 1 to 5. Internal peace indicators are weighted at a total of 60 per cent, while external peace indicators are weighted at a respective 40 per cent. According to the GPI, greater levels of internal peace are likely to lead to lower external conflicts, and is reason why these indicators are weighted 60/40.

A total score is then formulated for all 163 nations on the GPI from these two sub weights.

Peace & Progressive Development

Canada's top 15 ranking on the GPI 2024 shows that the country is a leader on the world stage in many aspects. This provides insight into Canada's exceptional record on human rights protections, as peace and progressive development are inextricably linked ^[2].

According to the IEP, peace is a crucial component of progressive development. A healthy business environment must have favourable social, political and economic conditions to foster progressive development over time.

Global investors are always carefully observing conditions described in the IEP's Eight Pillars of Positive Peace, which include ^[3]:

Well-functioning government
Sound business environment
Equitable distribution of resources
Acceptance of the rights of others
Good relations with neighbours
Free flow of information
High levels of human capital
Low levels of corruption

These pillars correlate to attaining desirable capital-related outcomes in prosperous business environments. Today, more and more investors are looking towards criteria like the Eight Pillars to act as a 'guiding light' on where to put their money.

Peaceful, Reliable Supply Sources

GPI 2024 Rankings - 84-163

Questions remain: Where should investors put their money for the best results? Or, in other words, what are the best sources of supply for the natural resources the world needs?

Countries with a low ranking on the GPI that display low levels of social safety and security, high levels of militarization, and high risk of violent internal and external conflicts?
Countries that rank high on the GPI with high levels of social safety and security, low levels of militarization, and little risk of violent internal and external conflicts?

The world’s ensuing energy crisis is a prime example of why it matters where we get our natural resources. Western countries have learned quickly that over-reliance on unstable and unreliable autocratic regimes for oil and natural gas, for example, can create significant energy shortages with severe and unintended consequences such as deindustrialization, inflation, and other economic hardships.

It’s clear that peaceful, reliable, and democratic supply sources like Canada are the better investment choice for the natural resources the world needs today and in the future.

Canada is a "Peaceful" Resource Powerhouse

With growing global demand for everything from food to energy to minerals to wood, it only makes sense that these materials come from the most peaceful and reliable democratic sources -- from places like Canada with world-class protections for human rights and a continued commitment to advancing important social initiatives worldwide.

Canada, a bastion of global peace and democracy, is the ideal reliable supply source for all of the above. There are no ifs, ands, or buts about it.

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They’re keeping our families fed and help feed a growing global population. #CdnPoli pic.twitter.com/IytRP9aUMr
— Canada Action (@CanadaAction) August 31, 2024

SOURCES:

_{1. Institute for Economics and Peace. (2023). Global Peace Index 2023. Retrieved from https://www.visionofhumanity.org/wp-content/uploads/2023/06/GPI-2023-Web.pdf (Date Accessed: August 2023)}

_{2. Advisory Desk for Environmental, Cultural, Economic and Social Governance (ADECESG). (n.d.). The Link Between Peace and Sustainable Development. Retrieved from https://www.adecesg.com/resources/blog/the-link-between-peace-and-sustainable-development/ (Date Accessed: August 2023)}

_{3. Institute for Economics and Peace. (2017). The Eight Pillars of Positive Peace. Retrieved from https://www.visionofhumanity.org/the-eight-pillars-of-positive-peace/ (Date Accessed: August 2023)}