New Zealand leads retirement rankings while Europe and Asia race to attract older wealth

New Zealand has been ranked the world’s best country for retirement in 2024, outperforming traditional European favourites and emerging Asian destinations, according to the latest global retirement index published by CEOWORLD magazine.

The ranking, which evaluates countries across 11 key indicators including cost of living, healthcare quality, climate, infrastructure, safety, and retiree-friendly policies, places New Zealand at the top with a score of 71.78 out of 100, underscoring its growing appeal among retirees seeking stability and quality of life.

Close behind are Luxembourg (68.04) and Switzerland (67.16), reinforcing Europe’s long-standing dominance in retirement planning, driven by strong healthcare systems, high living standards, and robust social protections.

European countries feature prominently across the rankings. Spain (65.27), Portugal (64.14), Malta (63.2), and France (61.3) all secure positions within the top 10, reflecting the region’s enduring attractiveness driven by climate, lifestyle, and accessible healthcare.

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According to CEOWORLD magazine, countries in Southern Europe in particular benefit from a combination of relatively lower living costs and favourable residency programmes tailored to retirees, including tax incentives and long-stay visas.

However, not all European destinations perform equally. Greece, despite its popularity among tourists, ranks lower at 57.3, pointing to economic constraints and infrastructure gaps that continue to weigh on its retirement appeal.

Canada (66.39) and Australia (66.06) also rank highly, supported by strong public healthcare systems, political stability, and high safety standards. These countries continue to attract retirees prioritising long-term security and access to quality services.

New Zealand’s top ranking reflects a similar profile but with added advantages in environmental quality and lower population density, factors increasingly valued by retirees in the post-pandemic era.

Asian destinations are steadily climbing the rankings, offering a compelling mix of affordability and improving infrastructure. Thailand (60.97), Vietnam (60.25), and Indonesia (59.85) all feature in the top half of the list.

CEOWORLD notes that lower living costs and expanding healthcare services are making Southeast Asia particularly attractive for retirees from higher-cost Western economies. However, differences in healthcare quality and regulatory frameworks remain key considerations.

Countries such as Ecuador (59.65), the United Arab Emirates (58.8), and Dominica (58.59) highlight a growing trend toward non-traditional retirement hubs. These destinations often combine tax advantages, residency incentives, and lifestyle benefits aimed at attracting foreign retirees.

Meanwhile, Italy (58.37), Belize (58.1), and Mexico (57.96) continue to appeal for their culture and climate but face challenges related to bureaucracy, healthcare access, or regional safety concerns.

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