Balance in Singapore for ExpatsConfidence in the political stability (83%) and local economy (73%), a great quality of life (64% say it is better than at home) and a positive experience for families are among the reasons why Singapore has topped the Expat Explorer rankings again. Norway, meanwhile, is up four places in the league table and narrowly misses out on the top spot. The majority (90%) of expats in Norway say that their work/life balance has improved and 78% that the job security is better than at home (compared with 53% and 41% globally). Gains beyond Finances in the US The gains for expats in the US aren't purely financial. Nearly half, 49%, of all those that move to the US say their overall quality of life is better than at home and six in ten believe their children's quality of life is better than at home. A third of expats (34%) say they have found long-term partners since the move and 25% report a more active social life than at home. In fact, 40% say they have a more positive outlook on life since moving to the US. US Nationals Abroad With such a domestic focus on business and careers, it's interesting to note that while expats in general find moving abroad results in a 25% increase in income, among Americans living abroad the figure is only 6%. But the benefits of moving abroad are seen in other areas. More than six in ten (61%) of Americans living abroad (compared to a global average of 53%) feel the work/life balance in their new country of residence is better than it was at home. Half of those who have left the US (50%) say they are happier since moving abroad compared to 40% of expats in general. And 45% say their physical health has improved since moving compared with a global average of 36%.
"From young entrepreneurs and career climbers to families looking for a fresh adventure, there are destinations out there to suit everyone," said Sabine Fichaux, Head of International Banking, HSBC. "Along with the countless opportunities afforded when travelling internationally or living abroad, there are also many challenges. It's important to have people that you can rely on and that understand what you are going through. As an international bank with more than 150 years of experience HSBC is a trusted partner and a financial institution that offers benefits that can travel with you around the world."Additional Findings: Top expat destinations for Economics, Experience and Family In addition to the overall country league table, the Expat Explorer report ranks countries in three sub league tables: Economics looks at the impact moving abroad has on expats' wealth, Experience focuses on health and quality of life, and Family looks at the best places in the world to bring up a child.
|1. Switzerland||1. New Zealand||1. Netherlands|
|2. Norway||2. Spain||2. Sweden|
|3. Germany||3. Portugal||3. Singapore|
Editor's Note:About the Survey: The Expat Explorer survey was open to adults over 18 years old currently living away from their country of origin/home country. The survey was completed by 27,587 expats from 159 countries and territories through an online questionnaire in March and April 2017, conducted by YouGov and commissioned by HSBC Expat. A minimum sample of 100 expat respondents and at least 30 expat parents is required for a country to be included in the league tables, with 46 countries qualifying in 2017. View the 2017 report here. For more information visit: www.expatexplorer.hsbc.com. Reproduced with permission from Expat Explorer Broadening perspectives, published in 2017 by HSBC Holdings plc. HSBC is a trademark of HSBC Holdings plc and all rights in and to HSBC vest in HSBC Holdings plc. About HSBC HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,492bn at 30 June 2017, HSBC is one of the world's largest banking and financial services organisations. HSBC Bank USA, National Association (HSBC Bank USA, N.A.), with total assets of US$191.9bn as of 30 June 2017 (US GAAP), serves customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates 229 bank branches throughout the United States. There are 146 in New York as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of the FDIC.