Inflation is measured by the change in the consumer price index (CPI). The CPI is a measure of the cost of a “typical market basket” of goods and services that households consume. The typical market basket includes items such as food, clothing, transportation, homes, and recreation.
Sources: Statistics Canada CANSIM table 326-0021; OECD.Stat.
The unemployment rate is the number of unemployed people as a percentage of the labour force.
Sources: Statistics Canada CANSIM tables 282-0002, 282-0123; OECD.Stat.
Employment growth is the annual percentage change in employment.
Sources: Statistics Canada CANSIM table 282-0002; OECD.Stat.
Inward greenfield FDI performance index
The inward greenfield FDI performance index ranks countries and provinces by their greenfield foreign direct investment (FDI) inflows relative to their economic size. It is the ratio of a country’s or a province’s share of global greenfield FDI inflows to its share of global GDP. Greenfield FDI is investment that expands an existing facility or creates a new facility.
The mathematical formula is:
|gINDi = ||gFDIi ÷ gFDIw |
| ||GDPi ÷ GDPw |
gINDi = inward greenfield FDI Performance Index of the ith country or province
gFDIi = greenfield FDI inflows in the ith country or province
gFDIw = world greenfield FDI inflows
GDPi= GDP in the ith country or province
GDPw = world GDP
Therefore, if a country’s or province’s share of global greenfield FDI inflows matches its relative share of global GDP, its inward greenfield FDI performance index will be one. A score greater than one indicates a larger share of greenfield FDI relative to GDP, and a score less than one indicates a smaller share of greenfield FDI relative to GDP.
Sources: fDi Markets; Statistics Canada CANSIM table 384-0038; OECD.Stat; World Bank, World Development Indicators.