Canada is one of the best places in the world for young people to live and work.

This, according to a new index created by Silver Swan Recruitment, which looked at the best countries for opportunities.

The Working Millennial Index stated that in 2016, millennials became the group with largest share of the labour force in the USA, surpassing Gen Xers quite substantially.

And with that, the Index looked at where millennials should be heading for the best options in their careers.

“There are a number of different reasons why people leave their home country to go and work elsewhere, whether that’s for better opportunities, better weather or just a change of pace in their daily 9 to 5,” read the Index.

• See also:
  • Canada ranked as country with most positive global influence
  • Canada ranked top country in the world for higher education
  • Canada ranked 3rd best country in the world

“The biggest problem is trying to narrow down where to go from the huge list of countries all offering different things and conflicting factors: from job opportunities to salary considerations, rent prices and more.”

The new Index ranked Germany as the best place for youth, followed by New Zealand, Australia.

Canada came in at fourth place, followed by Sweden rounding up the top 5.

The Working Millennial Index/ Silver Swan Recruitment

To create our Working Millennial Index, Silver Swan looked at the following factors: unemployment rates, average salary, start-up successes, rent costs, entertainment, and millennials pick.

“Using these categories, we established an overall Working Millennial Index score by scoring each country out of 5 across the elements and totalling this together, allowing for a highest available total score of 30,” it said. “Average Salary was first assigned a ranking which was then scored out of 5, in order to balance out the differences in currencies.”

As for best countries for youth by continent, they are as below:

Best country for young workers in Europe: Germany

Best country for young workers in North America: Canada

Best country for young workers in South America: Chile

Best country for young workers in Oceania: New Zealand

Best country for young workers in Asia: Thailand

Best country for young workers in Africa: Morocco