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Wednesday, July 15, 2020

Stats Gate

Ranked: The World’s Best Countries To Retire, 2020

There is literally no one in the world who does not like the idea of a comfortable retirement. After all, every individual in the world works hard and saves penny to make the second innings of life worth it.

New Zealand has been recognized as the best country in the world to retire, according to the CEOWORLD magazine, while Luxembourg and Switzerland placed second and third, respectively. The 2020 rankings placed Canada in fourth ahead of Australia into fifth; while Spain ranked sixth, and Portugal seventh.

Overall, among the world’s top 10 best countries to retire, the eighth, ninth, and tenth positions are held by Malta, France, and Thailand. Although there is a high chance that you might want to retire in your motherland, but finding that nest egg does not always land you in favorable situations. For example, many Americans today are looking for options apart from the homeland to stretch the dollar a bit further.

The World's Best Countries To Retire, 2020

RankCountryScoreRating
1New Zealand72.15A+
2Luxembourg67.22A+
3Switzerland65.15A
4Canada64.32A
5Australia60.53A
6Spain59.76A−
7Portugal59.76A−
8Malta57.77B+
9France57.65B+
10Thailand57.38B
11Slovenia56.31B-
12Vietnam56.29B-
13Indonesia56.2B-
14Ecuador55.98B-
15United Arab Emirates55.89B-
16Dominica55.73C+
17Italy55.46C+
18Belize55.37C+
19Mexico55.31C+
20Greece55.19C+
21Czech Republic54.95C
22Bolivia54.92C
23Ireland54.69C
24Cyprus54.63C
25India53.99C-
26Chile53.74C-
27Uruguay53.59C-
28Peru53.55C-
29St Kitts and Nevis53.41C-
30Malaysia53.28D+
31Monaco53.25D+
32Singapore53.13D+
33Grenada53D+
34St Lucia52.83D+
35Antigua and Barbuda52.52D+
36Bulgaria52.5D+
37Panama52.4D
38Austria52.35D
39Cambodia52.24D-
40Costa Rica51.85D-
41Montenegro51.8D-
42Moldova51.7D-

New Zealand: New Zealand encompasses a dramatic landscape and suitable locations that pull many active retirees towards it. The striking mix of rainforests and uneven coastline make the country a hotspot for people from all over. Also, the quality of life in New Zealand is relatively peaceful and quite relaxed. The nation witnesses a temperate climate and is packed with fantastic scenery that forms a beautiful picture with the braided rivers and picturesque fjords. Even public healthcare in the nation is very low or free of cost for every citizen making it free for people who want to enjoy life after retirement.

Coromandel Peninsula, New Zealand

Luxembourg: Luxembourg is a tiny nation in the European continent which is also a haven for retirees. The nation is best for comfortable retirement due to the ease of settlement factors available here. Luxembourg also has good medical facilities along with a pleasant climate that makes it a favorite spot for people to enjoy their second innings of life peacefully. With a citizen-friendly environment to boasts for Luxembourg is best for living on a modest budget.

Switzerland: Many people look forward to settling in Switzerland after the post-work lives. The breathtaking location is the best known for being simply gorgeous. There is also the highest-quality health care available in the nation along with the societal condition being extremely safe, friendly, and clean. Public transportation in Switzerland is also relatively cheap making it one of the comfortable countries for retirement.

 Canada: If you are thinking of enjoying a comfortable retirement, then Canada is one of the places to go for. The country has a peaceful climate and ranks high on the global peace index. Canada is also regarded as one of the safest countries to live in by most of the people. With major health insurance policies for almost all the citizens, staying in Canada for the rest of life can be considered fruitful in every aspect.

 Australia: When it comes to choosing an ideal place for retiring comfortably, then the name of Australia pops up immediately on the list. Also, considered as a wealthy nation, with a market-based economy, Australia also has a peaceful environment that makes it easy for people to live. The country also has many beautiful places Geraldton, Merimbula, Gold coasts, and Queensland that makes it an ideal choice to stay after retirement. Along with scenic places, other factors that contribute to the popularity of the nation are low crime rates and living costs, good climate, and medical facilities.

Sydney Australia

 Spain: Spain is another one of the best places to retire in the world. The laidback country is slowly rising as one of the favorite places to retire for the expats. With a low cost of living and pleasant climate, Spain also has a cuisine that resonates well with all the food lovers. Another major factor that helps in making the country a top-favorite for retirees, is a bunch of thriving places and a culture to correlate with. At the same time, Spain is a modern, First-World, and EU-member nation with a long-standing, stable democracy. Its second official language is English, and the entire country speaks it fluently.

Portugal:  Portugal is another nation that has a high rank in the global peace index. One of the safest countries in the world, Portugal is a natural beauty. The sandy beaches, warm climate, and rejuvenating environment make the nation a top pick for expats. The country also has made it tax code friendly for the immigrants and provides health insurance for making the transition easier. With so many urban destinations to lay feet upon, Portugal can be counted as one of the best countries to retire.

Lisbon, Portugal

Detailed findings & methodology: In order to determine the rankings, researchers at the CEOWORLD magazine compiled, analyzed, and compared 42 countries across 11 key categories, including expat community; English is spoken; health care; the cost of living; affordability; tax-friendly; pleasant climate; ease of buying and owning property; visa and residency requirements; government stability; and ease of assimilation (how easy it is to make friends). Each category was then given a score out of 100. Each indicator is based on relevant research and reports that follow strict requirements to gather and analyze their data in order to build their rankings.

The study is based on a detailed global survey conducted in February and May 2020 by the CEOWORLD magazine in Partnership with the Global Business Policy Institute (GBPI) of 126,000 participants. After balancing all 11 key categories, the magazine ascribed a final overall score, also out of 100, to each country. The final choice of countries was judged editorially, as was their position on the list. All data is for the most recent period available.

The margin of sampling error for the full sample of 196,300 respondents is plus or minus 1.2 percentage points. In addition to sampling error, one should bear in mind that as in all survey research, there are possible sources of error—such as coverage, nonresponse, and measurement error——that could affect the results.


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Sophie Ireland

Sophie Ireland

Contributors Editor
Sophie Ireland is the Contributors Editor at for CEOWORLD magazine, where she covers hiring trends, money, the future of work, and lists and rankings, and all things related to professional success for readers. She has ten years of experience in research, spanning market research, data analytics, macroeconomics, and financial services. She can be reached on email sophie-ireland@ceoworld.biz. You can follow her on Twitter at @ceoworld.