Map: The best places in the world to be a rich foreigner
The bank surveyed 9,288 expats in over 100 countries, but only presented findings for countries where there were more than 100 respondents.
Switzerland topped the rankings, as it had done the year before. Over a quarter of the expats HSBC polled earned more than $200,000 annually, but also maintained a better work-life balance than in their home countries. Switzerland’s beautiful scenery and lack of air pollution is a plus, with vast majorities of expat parents there saying their children lived safer and better lives than in their previous home, according to HSBC’s press release.
Perhaps more interesting is the growing draw of Asia for the expats surveyed, with its booming economies presenting lands of opportunity for expats from all over the world. “Asia emerges from this year’s survey as the best region for financial wellbeing, with nearly one fifth (19%) of expats earning over USD200,000 p.a. and 65% saying they have more disposable income since relocating,” says HSBC.
The rankings look rather different when you separate the findings by category. Asian countries may account for terrific remuneration, but not necessarily the greatest living experience. You’ll note China is not in the top 10 countries for raising children. Many expatriates, particularly those living in Beijing, the smog-clogged Chinese capital, fear the long-term effects of the country’s air pollution on their kids.
Explore HSBC’s data in full through an interactive that rearranges the rankings on the basis of various criteria that you can sort and toggle, ranging from an expat’s ability to assimilate to a local culture to his or her satisfaction with the country’s economy. The report is connected to HSBC Expat, which provides off-shore financial services to clients.
This likely influenced the profile of the expats surveyed for the study. The scores for China and the U.S. probably don’t take into account American immigrant diasporas, nor the hardships faced by a growing community of petty merchants from Africa and other parts of Asia trying to eke a living in China.
In HSBC’s survey of global high-rollers, the expats in the U.S. do applaud their host country for one thing — its education. More than three quarters of expat parents in the U.S. state educate their children. The global average in the HSBC survey was only 37 percent.