The Global Retirement Index (GRI) is an attempt to examine the factors that drive retirement security and to provide a comparison tool for best practice in retirement policy. It has been published since 2012 by the French company Natixis, which specialises in asset management.
Norway, Switzerland and Iceland are respectively the first, second and third placed countries. India ranks 43rd, which is the bottom rank; it is preceded by Greece and ranks also last among the BRIC economies.
The countries on the list are from the following organisations:
- Economic Co-operation and Development (OECD)
- International Monetary Fund (IMF) advanced economies
- BRIC countries (Brazil, Russia, India and China)
The Global Retirement Index is a composite welfare index which combines at total of 18 target-oriented indicators which are grouped into four thematic categories to calculate the position on the index. The indicators are then used to create a percentage score; countries are ranked by the score.
The four categories cover four relevant considerations for welfare in old age are listed below, along with the indicators that fall under them:
- Life expectancy
- Health expenditure per capita
- Insured health expenditure
- Income equality
- Income per capita
Quality of life/environment
- Air quality
- Water and sanitation
- Biodiversity and habitat
- Environmental factors
Finances in retirement
- Old-age dependency
- Bank nonperforming loans
- Interest rates
- Tax pressure
- Government indebtedness
- ^ Jump up to:ab “Global Retirement Index”. Natixis. NGAM. 2017. Retrieved 1 September 2017.
- ^“Canada Ranks 11th in 2017 Natixis Global Retirement Index”. BusinessWire. 19 July 2017. Retrieved 1 September 2017.
- ^“India ranks 43rd in 2017 Global Retirement Index”. General Knowledge Today. GKToday. 9 August 2017. Retrieved 1 September 2017.
- ^Wooley, Suzanne (19 July 2017). “The U.S. Falls in a Global Retirement Security Ranking”. Bloomberg. Retrieved 1 September 2017.
- ^Satter, Marlene Y. (21 June 2017). “10 countries topping the global retirement index”. BenefitsPro. ALM Media. Retrieved 1 September 2017.