Friday, September 30, 2011

HSBC Expat Explorer Survey Releases Initial Results on Top Expat Destinations

The initial findings of the annual HSBC Expat Explorer survey (http://www.expatexplorer.hsbc.com) reveals that Thailand is still the number one expatriate destination for the second time, since the survey was established four years ago. Some nations which have experienced turbulent and often violent political events in the past twelve months continue to rank in the top ten in terms of the quality of the expat experience, with Egypt taking second place, followed by Saudi Arabia.

Additionally, Bermuda did not make it into this year’s survey, yet seven new countries have: Turkey, New Zealand, Brazil, Italy, Egypt, Vietnam & Japan, meaning that this year’s survey now covers 31 countries around the world.

We will keep our readers abreast of the release of the full 2011 HSBC Expat Explorer Survey once it becomes available.


COMMENT: Initial findings from the largest global expat survey of its kind in the world (3,385 expats from over 100 countries have taken part) offers some fascinating trends applicable to the expat community: (1) Despite the economic uncertainty in 2010, expats remain fairly optimistic about the economic outlook in the country where they live. Despite this optimism, only 64% of expats intend to stay in their current country compared to 87% in 2010; (2) The economic benefit of becoming an expat: in 2011 63% of expats report having more disposable income since relocating compared to 56% in 2010; (3) Language barriers are becoming less problematic for expats with only 27% reporting this as an issue compared to 30% in 2010; and (4) In 2011, expats are less concerned about feeling lonely and missing their friends and family with only 31% reporting this in 2011, compared to 34% in 2010.

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