There are many things to consider when deciding on a country to immigrate to. One of the first things to think about, however, is the sort of financial security you can expect in a country. Most people who move abroad move to an economically strong country, because this provides for much better job opportunities and a higher salary expectation.
Other important aspects to consider when looking at places to move are medical insurance, safety and schooling. But for now, let’s look at which countries are the best to consider economically and financially.
The most financially and economically stable countries to work in
Looking at the Global Competitive Index, Europe remains at the top of the list for strong economies. Out of the top 10 most competitive countries, there are six in Europe. Here are a few:
Switzerland is consistently voted as the most competitive country and has one of the world’s strongest economies. It is therefore also a very stable country to move to financially. What is more, Switzerland has shown resilience in crisis, making it a good place to move to, because you’re almost guaranteed stability should something unplanned happen.
Another very strong competitor on the index is Germany. It is found a few spots below Switzerland, but it is still ranked in the top five economies in the world. What is more, the country has seen a good improvement in their financial sectors in recent years, making it a great country to consider for those in the financial sector.
The Netherlands has climbed several ranks in recent years and it is one of the best countries to consider when looking at financial stability and competitiveness. Innovation, infrastructure and educational institutions are the strongest sectors in the Netherlands. The financial sector may not be its strongest, so if you’re working in this sector, the Netherlands might not be for you. But with its high standard of living, it remains a very attractive place to move to.
It may be very small, but Austria is one of the richest countries in the world. They are often referred to as an assertive country with strong economic pillars in machinery, metallurgical products and textiles. Yet tourism is its strongest, so if this is your industry, it might be a great option to consider. The country also boasts with supplying 70% of its energy by renewables. This makes it a country to look at for the future.
Just making the top 10 of richest countries in the world, Australia is often complimented for its low levels of corruption – something very refreshing in today’s world. It is also known as a place where business freedom exists, making it even more appealing. Another great reason to consider Australia is the fact that foreign investors and domestic investors are treated almost equally. Unemployment is also very low, at 5%, which is another telling sign for a country’s financial strength.
United Arab Emirates
It may not be the most appealing country to move to, but the UAE has a lot going for it if you’re looking to move to a place where you can have a good job, a good salary and financial security. It’s under the top 10 richest countries in the world. They have minimal restrictions on private-sector activities, further boosting their financial status. Unlike some of the other Arab countries, the UAE is politically more stable, making it more attractive to foreigners.
United States of America
Consistently present under the top countries to live in in the world, the United States is definitely one of the most powerful nations. It is also one of the most influential. The economy definitely took a knock during the financial crisis, but it remains a forerunner in technological innovation and progress. It is also a leader in manufacturing and exports, making it a great place to move to if this is your industry. Another fact to take into account is the amount of foreigners that have decided to immigrate to the USA.
It may be a tiny, island country, but Singapore is one of the most financially stable countries in the world. It’s also one of the richest countries in Asia. Both the living standards and the technological development are high in Singapore. The country is also known to be open to international investment.