The Best Countries in the World for Retirees: Ranking.

Switzerland, Norway, and Iceland – The Best Countries for Retirees

According to a new study by Natixis and CoreData Research, the best living conditions for retirees are provided in Switzerland, Norway, and Iceland. The top ten ranking also includes Ireland, the Netherlands, Luxembourg, Australia, Germany, Denmark, and New Zealand, reports Vinegret.cz.

Turkey, Colombia, and India performed the worst in this study.

“Despite the positive results achieved by many countries, pension security in 2024 remained precarious. More and more people around the world realize that in terms of financing their old age, they can only rely on themselves. The results of the long-term global survey by Natixis show that the share of respondents who do not rely on public or private pensions and have to think about their income in old age has increased from 67% to 81% from 2015 to 2023,” - noted the authors of the study.

This ranking, known as the Global Retirement Index, was launched in 2013. Natixis and CoreData Research, a provider of research services in the financial sector, participated in its development. To be included in the ranking, countries must be developing and members of the International Monetary Fund, the Organisation for Economic Co-operation and Development, and also members of BRICS.

The index evaluates countries based on 18 criteria divided into four main categories: pension finances, material well-being, quality of life, and healthcare. These categories take into account key aspects of pension provision, such as the financial capacity for a comfortable retirement, access to quality financial services to preserve overall income, a clean and safe environment, and access to quality medical care.

Each of these categories receives a rating from 0 to 100 percent, and the overall score for each country is calculated as the arithmetic mean.

In Ukraine, pension indexing is planned for 2025, along with the implementation of pension reform and the introduction of a cumulative pension system.