Global Retirement Index

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

Income equality
Income per capita
Unemployment

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

References

↑ ^1.0 ^1.1 "Global Retirement Index". NGAM. 2017. https://ngam.natixis.com/us/research/global-retirement-index-2017.
↑ "Canada Ranks 11th in 2017 Natixis Global Retirement Index". 19 July 2017. http://www.businesswire.com/news/home/20170719005987/en/Canada-Ranks-11th-2017-Natixis-Global-Retirement.
↑ "India ranks 43rd in 2017 Global Retirement Index". GKToday. 9 August 2017. https://currentaffairs.gktoday.in/india-ranks-43rd-2017-global-retirement-index-08201747164.html.
↑ Wooley, Suzanne (19 July 2017). "The U.S. Falls in a Global Retirement Security Ranking". https://www.bloomberg.com/news/articles/2017-07-19/the-u-s-falls-in-a-global-retirement-security-ranking.
↑ Satter, Marlene Y. (21 June 2017). "10 countries topping the global retirement index". ALM Media. http://www.benefitspro.com/2017/07/21/10-countries-topping-the-global-retirement-index.

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[NGAM-1] 1.0 ^1.1 "Global Retirement Index". NGAM. 2017. https://ngam.natixis.com/us/research/global-retirement-index-2017.

[2] "Canada Ranks 11th in 2017 Natixis Global Retirement Index". 19 July 2017. http://www.businesswire.com/news/home/20170719005987/en/Canada-Ranks-11th-2017-Natixis-Global-Retirement.

[3] "India ranks 43rd in 2017 Global Retirement Index". GKToday. 9 August 2017. https://currentaffairs.gktoday.in/india-ranks-43rd-2017-global-retirement-index-08201747164.html.

[4] Wooley, Suzanne (19 July 2017). "The U.S. Falls in a Global Retirement Security Ranking". https://www.bloomberg.com/news/articles/2017-07-19/the-u-s-falls-in-a-global-retirement-security-ranking.

[5] Satter, Marlene Y. (21 June 2017). "10 countries topping the global retirement index". ALM Media. http://www.benefitspro.com/2017/07/21/10-countries-topping-the-global-retirement-index.