While there were plenty of big things happening in 2019, one that might have slipped under people's radar is the fact that Canada's economy actually showed some improvement. According to a new report, Canada has actually moved back into the top 10 economies in the world.\nThe World Economic Table League 2020, published by the Centre for Economics and Business Research, states that the northern country's ranking moved up to spot 10 in 2019 after falling to the eleventh spot in 2014.\nThe country has already moved on up, and according to projections from CEBR, it is set to climb even higher in the future, moving past both Brazil and Italy to take the number eight spot by 2029.\nCanada's economic success is driven in part by attracting skilled migrants, according to CEBR. It notes that the population there grew by 1.1% every year between 2014 and 2019.\nThe improved ranking also comes despite a drop in overall GDP growth, which is what measures how fast an economy is growing. While the GDP grew by 1.5% in 2019, that was actually a decline from the 1.9% growth it experienced in 2018.\nOne of the main factors that has been slowing Canada's economic growth is the steady unemployment rate, which has held at 5.7% and therefore affected consumer spending.\nFYI xenophobes: ‘Meanwhile, Canada’s ability to attract skilled immigrants means it will keep growing in the rankings, Cebr said in a report. It expects Canada to overtake both Italy and Brazil to have the world’s 8th-largest economy by 2029.’ #cdnpoli https://t.co/OXWQRzKCk0— Mary Fernando (@MaryFernando_) January 3, 2020\nThe report also references the recent federal election, stating the fact that it will be difficult for Justin Trudeau and the Liberals to make any major economic changes with a minority government.\nHere is the quote from the World Economic League, “Canada once again has one of the world’s 10 largest economies, according to a new report that forecasts continued economic growth powered in part by immigration over the next decade.” 🇨🇦— Chris Sigurdson (@sigurdson_chris) January 1, 2020\nHowever, CEBR is forecasting that Canada's economy will get even better.\nThey predict that GDP growth will hit an average of 1.7% between 2020 and 2034, helping to improve the country's economic ranking in the years to come.\nCanada might be at the very bottom of the top ten, but we still made it in. Plus, based on these numbers, the future is only looking brighter.\nThere are stories everywhere. If you spot a newsworthy event in your city, send us a message, photo, or video @NarcityCanada on Twitter and Instagram.