Best Countries to retire

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Best countries to retire

The Best country to retire is Norway. The Scandinavian nation tops the financial bank Natixis’s Global Retirement Index for this year. 44 nations from around the world were evaluated for the rating based on aspects like health, retirement finances, quality of life, and material well-being in old age. There are other great countries in the list so let’s dip dive on List ” Best countries to retire “.

Retirement index is point system for a country , with 100 points representing the best country to retire.

This year’s biggest fallers include Iceland. The island country will only finish third in 2022 with 79 points. Iceland received four extra points and finished first in the standings from the previous year. This infographic illustrates how despite a loss of points, Switzerland resolutely maintains its second-place ranking. Data is provided by NAtixis.

Best Countries to retire , is US in top 10 ?

With 79 Points United states doesn’t make it into top 10 countries list for retirement.

Best Countries to retire , Based on Global retirement index :

Best countries to retire is Norway, based on Global retirement index
Best countries to retire , Global retirement index 2022

With an overall GRI : Global retirement index score of 81, Norway now holds the top spot. Because of better results in the Health (1st) and Finances (8th) sub-indices, it earns a higher overall rating.
Over the previous ten years, Norway has stayed largely steady, placing first globally in 2012.

Best Countries to retire , Based on Global retirement index :

RankGRI index ( from 100 )Country
181%Norway
280%Switzerland
379%Iceland
476%Ireland
575%Australia
675%New Zealand
775%Luxembourg
875%Netherlands
974%Denmark
1073%Czech Republic
1172%Germany
1271%Finland
1371%Sweden
1471%Austria
1571%Canada
1670%Israel
1770%Korea, Rep.
1869%United States
1969%United Kingdom
2069%Belgium
2169%Slovenia
2269%Japan
2368%Malta
2466%France
2566%Estonia
Best Countries to retire , GRI , Global retirement index 2022

What is GRI : Global retirement index ?

Global retirement index includes main indexes like health index , Finances in Retirement , Quality of Life and Material well being .

Best countries to retire , Global retirement index .
Global retirement index Definition

The 4 thematic indicators cover important elements of retirement welfare, including having enough money to live comfortably in retirement, having access to high-quality financial services to help maximize income and preserve savings value, having access to high-quality health services, and having a clean and safe environment.
The sub-indices shed light on the specific traits that are causing each country’s standing to either improve or deteriorate. Consistent data collection has been done to offer a basis for comparing one year to the next.

let’s read on an see how these countries ranks for these four indicators :

Best countries to retire based on Health Care ( index ):

In the Health sub-index, Norway reclaims first place while Japan drops to third. By moving up one position from 2021, Luxembourg now occupies the second position. The performance of three indicators—life expectancy, insured health spending, and health expenditure per capita—is the foundation of the Health sub-index. Norway profited from raising its rankings for insured health care spending and life expectancy while retaining a high rating for health care spending per capita.

RankHealth index ( health care score)Country
191%Norway
291%Luxembourg
391%Japan
490%Switzerland
590%Sweden
690%France
789%Netherlands
889%Ireland
988%Australia
1088%Iceland
1187%Canada
1287%Germany
1386%Denmark
1486%Austria
1585%Belgium
1685%New Zealand
1785%United States
1885%Spain
1984%Finland
2083%Italy
2183%United Kingdom
2282%Slovenia
2382%Singapore
2482%Israel
2580%Korea, Rep.
Best countries to retire based on health benefits, index

Best countries to retire based on Material Wellbeing ( index ):

Czech Republic topped the Material Wellbeing sub-index for the first time since the GRI’s ( Global retirement index ) creation, moving up three points from 2021. Based on performance across three indicators—income equality, income per capita, and unemployment—the Material Wellbeing sub-index measures material well-being. The Czech Republic ranks in the top 5 nations in terms of unemployment and income equality, while the indicator of per capita income shows improvement in both score and position.

RankMaterial wellbeingCountry
184%Czech Republic
279%Norway
378%Netherlands
477%Slovenia
577%Iceland
676%Denmark
775%Poland
872%Malta
972%Luxembourg
1072%Japan
1171%Germany
1270%Hungary
1370%Belgium
1469%Switzerland
1569%Austria
1668%Korea, Rep.
1767%Ireland
1867%Slovak Republic
1966%Australia
2064%New Zealand
2163%Finland
2262%Cyprus
2361%United Kingdom
2460%Estonia
2560%Israel
Best countries to retire based on Material Wellbeing , Cost of buying , ease of living

Best countries to retire based on Finances in retirement ( index ):

The top slot in the Finances in Retirement sub-index is still held by Singapore, which ranks 27th overall in the GRI ( Global Retirement index ) and first since 2019. The performance of seven variables, including old-age dependency, bank nonperforming loans, inflation, interest rates, tax pressure, government indebtedness, and governance, is used to calculate the Finances in Retirement sub-index.

RankFinances in retirementCountry
176%Singapore
274%Switzerland
373%Korea, Rep.
472%Australia
572%Chile
671%New Zealand
770%Ireland
869%Norway
968%Estonia
1068%Iceland
1167%United States
1267%Canada
1366%Israel
1465%China
1564%Czech Republic
1663%Malta
1762%Colombia
1862%India
1962%Mexico
2061%Poland
2159%Luxembourg
2259%Spain
2359%Portugal
2457%Brazil
2556%Russian Federation
Best countries to retire based on Finances in retirement

Best countries to retire based on Quality of life :

Finland, which ranks 12th overall in the GRI, continues to lead the Quality of Life sub-index for the fourth year in a row. The performance of five indicators—air quality, biodiversity and habitat, environmental factors, happiness, and water and sanitation—makes up the Quality of Life sub-index.

RankQuality of life Country
189%Finland
288%Denmark
387%Sweden
487%Norway
586%Switzerland
686%Iceland
782%United Kingdom
882%Austria
981%New Zealand
1081%Luxembourg
1180%Netherlands
1280%Ireland
1380%Germany
1478%France
1577%Australia
1674%Canada
1774%Belgium
1874%Israel
1974%Spain
2072%Italy
2172%United States
2269%Slovenia
2368%Estonia
2468%Czech Republic
2567%Japan
Best countries to retire based on Quality of life

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