THE results of the latest HSBC Expat Explorer Survey have been revealed after 22,000 expats in 163 countries were quizzed about life and work abroad.
The purpose of the survey was to learn about how the life of an expat can vary from nation to nation in different aspects of life.
In order to discover the top ranked expat destination, the survey took 27 variables into consideration across three categories: family, economy and experience.
Factors involved in the experience category include: culture, health, security and integration.
Spain excelled in this category.
In this year’s survey Spain is ranked second in the survey of 30 nations for quality of life with only New Zealand scoring more in this category.
The survey discovered eight out of ten expats considered the quality of life in Spain better than that of their country of origin.
The family category took in to consideration expats raising a family abroad through: health, quality of education, social life and tolerance.
Spain fared very well too in this category, ranking fourth out of the 30 nations featured.
Sweden topped the rankings for the family criteria, followed by New Zealand and France in second and third respectively.
More than half of expats stated their move to Spain brought them closer together as a family.
Spain’s weakest category was economy.
The economic category considered: savings, income, job security and career opportunities.
Spain ranked in last place for the income and saving possibilities areas of this category.
Expats in Spain typically earn less than the collective average.
Only 13% of expats said Spain offers better financial opportunities than their country of origin.
Spain ranked 27th out of 30 nations for the economy category.
Taking all three categories into consideration, the highest rank nation for expats was Singapore (3rd Economics, 6th Experience, 5th Family).
Spain’s ranking for 2018’s Expat Explorer Survey is 14th out of the 30 nations taken into consideration.
Spain fell three places since last year’s survey.