Top Retirement Countries, Mostly in Europe

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Nabilah Muhamad 01/02/2024 20:00 WIB

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According to the 2023 Global Retirement Index (GRI) report, Norway is the best country in the world to spend one's retirement. The country achieved a score of 83% last year.

Top 10 Best Countries in the World to Spend Retirement According to the Global Retirement Index (2023)

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Top Retirement Countries, Mostly in Europe

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Top 10 Best Countries in the World to Spend Retirement According to the Global Retirement Index (2023)

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Natixis, a French financial sector company, released a list of the world's best countries to spend retirement in its 2023 Global Retirement Index (GPI) report.

The analysis covered 44 countries belonging to the IMF, OECD, and BRIC (Brazil, Russia, India, and China) groups.

Each country was assessed on four indicators: health, quality of life, material well-being, and retirement finances, broken down into 18 sub-indicators.

Based on these calculations, Norway ranked first as the best country for retirement in the world with a score of 83%. It maintained its position for two consecutive years.

This high score was largely driven by its health and material well-being scores. In terms of health, Norway is one of the countries that experienced an increase in life expectancy during the pandemic. From a well-being perspective, its unemployment rate is currently the lowest, at 3.8%.

Switzerland came in second with 82%, followed by Iceland with 81%.

The top 10 countries are mostly located in Europe. Only two countries are from Oceania: Australia and New Zealand.

Here is the list of the top 10 countries in the world to spend retirement, according to the 2023 Global Retirement Index:

1. Norway: 83%
2. Switzerland: 82%
3. Iceland: 81%
4. Ireland: 80%
5. Luxembourg: 79%
6. Netherlands: 79%
7. Australia: 78%
8. New Zealand: 77%
9. Germany: 76%
10. Denmark: 76%

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."