Wednesday, October 22, 2014

Global Impact: Results of HSBC Expat Explorer Survey Worldwide

According to the UK-based The TelegraphSwitzerland is ranked as the number one country by expats looking for a well-balanced, high quality lifestyle, followed by Singapore, China, Germany and Bahrain in a new survey of thousands of people around the world.

The 7th Annual HSBC Expat Explorer Survey revealed that those who move to Switzerland enjoy the best of expat life, with the country ranking first out of 34 countries overall.
The survey looked at four categories: earnings, lifestyle, raising children and the cost of living.
From a financial well-being perspective, Switzerland emerged as a destination to advance career prospects and receive a healthy salary while also maintaining a good quality of life. A quarter of foreigners in Switzerland earn more than US$200,000 (£125,000) and at the same time, more than half (51%) report a better work/life balance since moving.
Expats in Switzerland also have a lot of confidence in the local economy, with almost half (47%) saying they are very satisfied with the state of it--the highest proportion for any country included in this year’s survey.
In term of destinations for having a good life experience and raising a family abroad, New Zealand came out on top of the rankings. 
Expat parents pointed out key benefits to raising children in New Zealand, with 87% saying that their children enjoy a better life (compared with the global average of 56%) and nearly six in 10 said their children are more well-rounded as a result of moving there.
However, if the focus is on making money and having disposable income, then Asia is the best place. Expats there are almost three times more likely to earn over $250,000 per year (£155,000) than their counterparts in Europe.
COMMENT: China proved to be the place where expats have the highest household income and disposable income. The survey found that over four times as many expats in China (29%) earn over $250,000 per annum (£155,000) compared with the global average of 7%. Second and third in this category were Switzerland and Singapore.
The fourth section of the survey covered the most cost-effective countries for expats to live, based on everyday experiences. Ranking first in this category was Thailand. The country came first for cost of everyday items and third for disposable income.
Expats in Thailand and Vietnam highlighted how cost-effective it is to live in these countries, saying that they offer much better value than at home. Recreation comes at a cheaper price than almost anywhere else on the globe.
The global research study was commissioned by HSBC Expat and conducted by independent research company, http://www.yougov.com. 
YouGov surveyed 9,288 expats through an online questionnaire in April and May 2014, with expats from over 100 countries taking part.

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