The visual content above shows the 25 best countries to retire in 2020, taking out the rankings from the Natixis 2020 Global Retirement Index. The report analyses 44 countries, incorporating 18 performance indicators grouped into four thematic sub-indices:
- Life expectancy
- Health expenditure per capita
- Non-insured health expenditure
- Finances in Retirement
- Old-age dependency
- Bank non-performing loans
- Interest rates
- Tax pressure
- Government indebtedness
- Material Wellbeing
- Income quality
- Income per capita
- Quality of Life
- Air quality
- Water and sanitation
- Biodiversity and habitat
- Environmental factors
Iceland, Switzerland, Norway Are the Top Three Best Countries to Retire
Iceland tops the ranking with an overall score of 82% for the third year in a row, followed by Switzerland and Norway. In fact, the top three countries haven’t changed for the past three years, although there have been slight changes in their scores. Then Ireland takes the 4th, improving its position from 5th in 2019 and 7th in 2018. Similarly, Netherland improved its position to 5th in 2020 from 10th in 2019.
Most Countries Struggle with Finance
Most of the top 25 countries have relatively lower scores for Finances in Retirement index. In the top 25 countries, New Zealand achieved the highest score of 78%, followed by 77% of Australia and Switzerland. Although Singapore achieved the highest score 80% among the 44 countries, it didn’t make the top 25 for the overall score. On the other hand, Japan and France got the lowest scores of 49% in the top 25 countries.
High Scores in Health Push up Japan and France
Despite having such low scores in Finances, Japan and France still appear in the top 25. This is due to their high scores in Health index. Japan has the highest score of 91%, along with Norway. France also has the 5th highest score of 89% for this index. The lowest Health score in the top 25 was 67% of Estonia, followed by Czech Republic (73%) and South Korea (76%).
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