Switzerland top destination for expats: poll

Image
AFP London
Last Updated : Oct 22 2014 | 3:40 PM IST
Switzerland is the world's favourite destination among expats, followed by Singapore and China, a poll on quality of life for bank HSBC found today.
"Many Switzerland-based expats mentioned the better work-life balance, availability of outdoor activities and the family-centric culture as the reasons they enjoy the Swiss lifestyle," the British bank said.
The poll questioned 9,300 people working in various sectors and mostly aged between 35 and 54.
They were asked about their financial situation, such as salary, savings and the local economy, as well as their quality of life and family issues such as education opportunities for children.
Switzerland emerged the winner, with a trusted economy, good quality of life and comfortable salaries: a quarter of expats said they earned more than USD 200,000 (157,000 euros) a year.
Asia was a strong region for salaries, with an average annual expat wage of USD 120,000, compared with a global average of USD 92,000.
Singapore "performs solidly in all areas accounting for quality of life" while offering good economic opportunities, the survey said.
Meanwhile, China was a top country for high-earners, with one in four of respondents there earning more than $300,000 a year, and having more disposable income to spend on their social lives.
Other top-ranked countries were Germany, seen as stable and safe, followed by Bahrain, New Zealand, Thailand, Taiwan, India and Hong Kong.
The lowest-ranked of the 34 countries was Egypt, followed by the United Kingdom and Brazil.
While expats said that Britain was easy to integrate into, it scored badly as a place to raise children, for financial and economic issues and for quality of life.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 22 2014 | 3:40 PM IST

Next Story