Norway on top while Singapore and China improve in Global Retirement Index 2023

Norway has maintained its top position for the second consecutive year in the Global Retirement Index. The Nordic country came in first with a score of 83%.

Of other Nordic nations, Iceland had a score of 81% which landed them 3rd place in the ranking, while Denmark is ranked 10th best place to retire, with a score of 76%.

Among the Southeast Asian countries, most noticeable is Singapore and China that both have seen an increase in their overall scores. The index, which evaluates different factors such as tax, inflation and old-age dependency, ranked Singapore 26th and China 38th.

In the finances sub-index for APAC countries, Singapore remained in the top five, while China improved significantly from its 33rd position ten years ago to 21st place this year.

“Despite facing critical challenges and risks, APAC’s position at the top of the finances in retirement sub-index highlights the importance the region places on retirement planning,” said Dora Seow, CEO at Natixis Investment Managers.

The Global Retirement Index is a collaboration between Natixis Investment Managers and CoreData Research. It offers a comprehensive benchmark that incorporates various factors crucial for a secure and healthy retirement. These include financial elements as well as aspects such as access to healthcare, climate conditions, governance state and general population happiness.

Source: Natixis

About Miabell Mallikka

Miabell Mallikka is a journalist working with ScandAsia at the headquarters in Bangkok.

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