Expats have rated Singapore as the best country in the world to live and work, for a fourth straight year, in HSBC’s annual Expat Explorer survey – beating New Zealand, Germany and Canada.
“Expats don’t leave their native homes and jobs, friends and families just for the money. The decision is much more about pursuing new challenges, greater knowledge, new skills, and wider life experiences,” said John Goddard, head of HSBC Expat.
The financial services firm questioned 22,000 expats around the world how they feel about their lives overseas.
Combining high scores across the survey’s key measures – economics, experience and family – Singapore ticks many of the boxes on the expat wish list.
Almost half of all expats in Singapore moved to progress their careers (45%). And though more than a quarter simply wanted a challenge, many more (38%) wanted to improve their earnings. “They can certainly achieve their aim here. Earning an average of $162,000, expats in Singapore bring in $56,000 more than the global average, HSBC said.
“Singapore is considered the best country or territory in the world for education, including among non-native children. Expats’ families here can rest easy knowing their move has done great things for their family’s present and future,” the bank said.
New Zealand ranks first for ‘experience’, thanks to its breathtaking scenery. While a third (34%) of all expats around the world moved abroad to improve their quality of life, in New Zealand the figure soars to 60%. More than half (55%) have since stayed because it delivered on its reputation, the report said.
Sweden, which ranks 7th in 2018, is rated first for family thanks to several sub sectors, namely health, quality of life, overall cost of children, childcare quality, and school quality.
South Africa ranks 29th overall, out of 31 countries, ahead of Japan and Brazil. “South Africa’s fantastic climate, spectacular natural beauty and outdoor lifestyle are the main attractions for expats from all corners of the world, the report said. Most expats live in Johannesburg, Pretoria or Cape Town – the country’s financial and political centres.
The country on the African tip is rated 28th for economics, 21st for experience, and 23rd for family.
|Rank||Country||Ranking in 2017||Economics||Experience||Family|
|10||United Arab Emirates||7||4||16||19|