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 :

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 :

Rank	GRI index ( from 100 )	Country
1	81%	Norway
2	80%	Switzerland
3	79%	Iceland
4	76%	Ireland
5	75%	Australia
6	75%	New Zealand
7	75%	Luxembourg
8	75%	Netherlands
9	74%	Denmark
10	73%	Czech Republic
11	72%	Germany
12	71%	Finland
13	71%	Sweden
14	71%	Austria
15	71%	Canada
16	70%	Israel
17	70%	Korea, Rep.
18	69%	United States
19	69%	United Kingdom
20	69%	Belgium
21	69%	Slovenia
22	69%	Japan
23	68%	Malta
24	66%	France
25	66%	Estonia

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 .

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.

Rank	Health index ( health care score)	Country
1	91%	Norway
2	91%	Luxembourg
3	91%	Japan
4	90%	Switzerland
5	90%	Sweden
6	90%	France
7	89%	Netherlands
8	89%	Ireland
9	88%	Australia
10	88%	Iceland
11	87%	Canada
12	87%	Germany
13	86%	Denmark
14	86%	Austria
15	85%	Belgium
16	85%	New Zealand
17	85%	United States
18	85%	Spain
19	84%	Finland
20	83%	Italy
21	83%	United Kingdom
22	82%	Slovenia
23	82%	Singapore
24	82%	Israel
25	80%	Korea, Rep.

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.

Rank	Material wellbeing	Country
1	84%	Czech Republic
2	79%	Norway
3	78%	Netherlands
4	77%	Slovenia
5	77%	Iceland
6	76%	Denmark
7	75%	Poland
8	72%	Malta
9	72%	Luxembourg
10	72%	Japan
11	71%	Germany
12	70%	Hungary
13	70%	Belgium
14	69%	Switzerland
15	69%	Austria
16	68%	Korea, Rep.
17	67%	Ireland
18	67%	Slovak Republic
19	66%	Australia
20	64%	New Zealand
21	63%	Finland
22	62%	Cyprus
23	61%	United Kingdom
24	60%	Estonia
25	60%	Israel

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.

Rank	Finances in retirement	Country
1	76%	Singapore
2	74%	Switzerland
3	73%	Korea, Rep.
4	72%	Australia
5	72%	Chile
6	71%	New Zealand
7	70%	Ireland
8	69%	Norway
9	68%	Estonia
10	68%	Iceland
11	67%	United States
12	67%	Canada
13	66%	Israel
14	65%	China
15	64%	Czech Republic
16	63%	Malta
17	62%	Colombia
18	62%	India
19	62%	Mexico
20	61%	Poland
21	59%	Luxembourg
22	59%	Spain
23	59%	Portugal
24	57%	Brazil
25	56%	Russian Federation

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.

Rank	Quality of life	Country
1	89%	Finland
2	88%	Denmark
3	87%	Sweden
4	87%	Norway
5	86%	Switzerland
6	86%	Iceland
7	82%	United Kingdom
8	82%	Austria
9	81%	New Zealand
10	81%	Luxembourg
11	80%	Netherlands
12	80%	Ireland
13	80%	Germany
14	78%	France
15	77%	Australia
16	74%	Canada
17	74%	Belgium
18	74%	Israel
19	74%	Spain
20	72%	Italy
21	72%	United States
22	69%	Slovenia
23	68%	Estonia
24	68%	Czech Republic
25	67%	Japan

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