The United Arab Emirates ranks 25th out of 150 countries on the latest Natixis Global Retirement Index. According to the study, the country’s score in economical stability, employments rates and quality of life is among the highest in the world.
The UAE is the 25th top country to retire, according to the new Natixis Global Retirement Index. The research is based on various factors closely linked to retirements, like quality of life, material wellbeing, retirement finances and health. The United Arab Emirates recorded excellent performance in three out of these four indicators. Moreover, it even outperformed big economies like the U.K. (22) and the U.S. (19) across many of these categories.
The United Arab Emirates is not the only Gulf country that has made it to the more prestigious spots on the index. Kuwait is ranked right next to the UAE at the 26th position. Qatar, on the other hand, saw a jump by 10 spots. As a result, the country moved from the 31st to the 21st place on the ranking, making the best Gulf country for retirees.
The country that tops the index, however, is Switzerland. Similar to 2014, the European country heads the list thanks to its robust financial institutions, high per-capita income and environment. Norway is again second thanks to its shared wealth.
This year’s best countries for retirees are mainly located in Europe. Australia (3) and New Zealand (10) are the only non-European top 10 entrees. The report explains that the impressive performance of these two countries on the index mainly has to do with their mandatory retirement savings programs.
Iceland recorded one of the biggest jumps on the list thanks to tits updates financial system. The country climbed by 7 spots and landed on the 4th position. Japan also moved up, rising from the 27th place to the 17th. The Asian country managed to improve its retirement rating thanks to the many improvements in its healthcare system, as well as to its more recent fiscal reforms.
Best countries to retire:
- Switzerland
- Norway
- Australia
- Iceland
- Netherlands
- Sweden
- Denmark
- Austria
- Germany
- New Zealand
- UAE
According to the study, global retirement security has reached very low levels today. That was due to the instability in many countries’ macroeconomy and government resources. In addition to that, the research has found that not many people actually understood their retirement goals. According to experts, that shows the poor planning skills of the majority of the global population.
