Corruption Perception Index of Canada
Canada scored 77 points out of 100 on the 2020 corruption perceptions index, being the same as the previous year (2019), but slightly lower than the previous two years. Between 2010-2020, the corruption perception index of Canada decreased by 12 points.
Canada ranks among the top countries with low levels of corruption and is higher than average when compared with other nations. Canada's index score has decreased from a high of 89 in 2010 to a low of 77 in 2020.
In recent years, scandals involving money laundering in Canada have made mainstream news, damaging Canada's reputation as a law-abiding nation. The Canadian government has committed further resources to the fight against money laundering, including the creation of a new specialized financial crime authority and a publicly available corporate beneficial ownership registry by 2025.
Outlook on Corruption Perception Index
The Corruption Perceptions Index (CPI), is an index that ranks countries around the world, based on how corrupt their public sectors are perceived to be. Results are presented on a scale of 0 to 100, with 0 being highly corrupt and 100 representing extremely noncorrupt.
Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland are among the major countries with the lowest levels of corruption worldwide. Denmark and New Zealand had the highest score of 88 out of 100, followed by Finland, Switzerland, Singapore, and Sweden with a score of 85 in 2020. Countries with the highest levels of corruption worldwide include Somalia and South Sudan with a score of 12 out of 100 in 2020.
Key Factors Affecting the Corruption Perception Index
Political and Economic Environment:
The political and economic environment has a major impact on the corruption phenomena and is also affected by the monetary policy.
Level of GDP:
It has been demonstrated that nations with relatively low GDP per capita levels typically have higher levels of corruption. Other than that, early developing nations often have lower corruption ratings.
Country Size:
Due to the difficulty in policing public officials in dispersed places, countries with a low population density and large geographic areas are more susceptible to corruption.
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