Canada's real GDP declined by 11 per cent in the second quarter of 2020.
Average per-person income in Canada is now roughly US$51,000 versus US$54,000 in Australia.
The Czech Republic has the highest per-capita GDP among former eastern bloc countries.
According to forecasts, Canada will be the worst-performing advanced economy from 2020 to 2030.
Canada dropped to 14th in the new Economic Freedom of the World report, down slightly from 13th the previous year.
In the second quarter of 2021, real GDP per capita fell to 2.9 per cent below fourth quarter 2019 levels.
Economic decision-making should be dispersed among individuals, not centralized.