Expatriates are professionals and other skilled workers who reside and take positions outside their home country. In many cases these expats are sent abroad by their employers or institutions, however, a few of them also migrate to different countries in search of better pay for the services they offer. Other reasons why expats travel to work include pursuing new challenges, new skills, wider life experiences and greater knowledge
HSBC Expat, an organization that sees to the affairs of expatriates in their annual Expat Explorer report, which surveyed 22,318 expats about their jobs, salaries and lives overseas came up with a list of the 10 best countries expats could work, live and increase their earnings.
In descending order, below is a list of the ten best countries expatriates could make a better living.
10. United Arab Emirates:
With its capital city Abu Dhabi, United Arab Emirates is an Arabian Peninsula nation developing by the day at the pace of a rocket. United Arab Emirates has the 10th highest economic freedom score in the world with its GDP worth 382.6 billion USD. In UAE, around 90 percent of the total workforce are expatriates.
Taiwan is an Asian country popular for modern cities, traditional temples, hot spring resorts and tragic mountainous terrain. Taiwan is another destination expatriates earn enough with the country’s GDP totalling 579.30 billion USD.
Switzerland marks the first European country to feature in this list. It is a home to many lakes, villages and high peak of the Alps. Banking and Finance are key industries in the country with Swiss watches and chocolates measuring up to world standard. Expat earnings in Switzerland average $203,000 a year, which is almost twice the global average. In Switzerland, over three official languages are spoken with its GDP worth 678.9 billion USD.
In Sweden, 67 percent of its growing population are expats. Located in the northern part of Europe, Sweden GDP worth 538 billion USD with its employment rate as high as 70.8 percent.
Australia is a country and continent surrounded by the Indian and Pacific oceans. Its major cities are Sydney, Brisbane, Melbourne, Perth, Adelaide, coastal. Australia GDP is worth 1.323 trillion USD with its capital city located at Canberra.
Located in the Asian continent, Bahrain comprises more than 30 islands in the Arabian Gulf, it has been at the centre of major trade routes since antiquity. Majority of the population in Bahrain can be found in two principal cities Manama and Al Muharraq around 15 percent of the population in these states are expatriates.
Canada is a North American country stretching from the U.S. in the south to the Arctic Circle in the north. Major cities areToronto, west coast film centre Vancouver, French-speaking Montréal and Québec City, and capital city Ottawa. In a statistics, 45 percent of Canada expats are considering not leaving Canada anymore owing to the kind of life they enjoy.
Germany is a Western European country. It has over 2 millennia of history. Berlin, its capital, is home to art and nightlife scenes. In Germany, over 3.7 million expats reside there with 7 in 10 (63%) expats rating their job security positively above the global average of 57 percent. Germanys GDP worth 3.677 trillion USD.
2. New Zealand:
New Zealand is located in the southwestern Pacific Ocean consisting of 2 main islands, marked by volcanoes and glaciation. In New Zealand, around 31 percent of the expat population is British as work life for expats receives generally favourable review as they enjoy other social benefits being expats. New Zealand GDP worth 205.9 billion.
Singapore comes top of the list of the best countries for expats to work and live. Singapore is an island city-state off southern Malaysia, it is a global financial centre with a tropical climate and multicultural population. Around 50 percent of Singapore populations are expats with its GDP worth around 323.9 billion USD. Singapore has the second-highest economic freedom score (88.8) in the world.