Global Retirement Index
From Wikipedia, the free encyclopedia
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.[1] It has been published since 2012 by the French company Natixis, which specialises in asset management.[2]
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.[1][3]
Qualifying countries
The countries on the list are from the following organisations:
- Economic Co-operation and Development (OECD)
- International Monetary Fund (IMF) advanced economies
- BRICS countries (Brazil, Russia, India, China and South Africa)
Metrics
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.[4]
The four categories cover four relevant considerations for welfare in old age are listed below, along with the indicators that fall under them:[5]
Health
- Life expectancy
- Health expenditure per capita
- Insured health expenditure
Material wellbeing
Quality of life/environment
- Happiness
- Air quality
- Water and sanitation
- Biodiversity and habitat
- Environmental factors
Finances in retirement
- Old-age dependency
- Bank nonperforming loans
- Inflation
- Interest rates
- Tax pressure
- Governance
- Government indebtedness
