Global Retirement Index
The Global Retirement Index is an attempt to examine the factors that drive retirement security and to provide a comparison tool for best practice in retirement policy. It has been published since 2012 by the French company Natixis, which specialises in asset management.
Norway, Switzerland and Iceland are respectively the first, second and third placed countries. India ranks 43rd, which is the bottom rank; it is preceded by Greece and ranks also last among the BRIC economies.
Qualifying countries
The countries on the list are from the following organisations:- Economic Co-operation and Development
- International Monetary Fund advanced economies
- BRICS countries
Metrics
The four categories cover four relevant considerations for welfare in old age are listed below, along with the indicators that fall under them:
Health
- Life expectancy
- Health expenditure per capita
- Insured health expenditure
Material wellbeing
- Income equality
- Income per capita
- Unemployment
Quality of life/environment
- Happiness
- Air quality
- Water and sanitation
- Biodiversity and habitat
- Environmental factors
Finances in retirement
- Old-age dependency
- Bank nonperforming loans
- Inflation
- Interest rates
- Tax pressure
- Governance
- Government indebtedness