When it comes to choosing the best country to live in. The answer you come up with might differ from the answers of other people. Especially because it all depends on what you are using to define a country as being the best. Best Country To Live In The World In 2024
This list covers the moat amazing destinations for expatriates and their families to move to in 2024. We’ve based it on factors and latest available data including earnings potential, quality of life, education, healthcare and more.
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So, reports determines that the best country to live in is Norway! Let’s talk about all the reasons why each country made the list, as well as the primary factor that sets Norway apart from all other countries around the globe. The Best Country To Live In The World Economically
Best Country To Live In The World Economically
1. Australia: Best Country To Live In
The Commonwealth of Australia occupies the Australian continent. The country also includes some islands, most notably Tasmania.
Indigenous people occupied the land for at least 40,000 years before the first British settlements of the 18th century. Australia has a parliamentary democracy government similar to the United Kingdom.
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While it separates its federal government into “three arms” – parliament, executive and judiciary – the executive answers to the parliament.
In 1986 the nation ended all constitutional ties to the United Kingdom, although Queen Elizabeth II remains the ceremonial head of state.
A). Average expat salary: $69,202
With its beautiful beaches, verdant landscapes and cosmopolitan cities, Australia is a world-class destination on any day.
And, as any expat who’s made the move to Australia will tell you, it also makes a fantastic home for foreign workers and their families as one of the best places to live in the world in 2024.
B). Quality of life in Australia:
Australia ranks highest on this list for GDP per capita.
When it comes to employment, it’s good news across the board. Australia is a relatively stable country with an ardent passion for liberal democracy.
Because of this, employment is high and climbing. Australia even managed to brush off the worst effects of the COVID-19 crisis fairly quickly.
Some of the key industries in Australia include finance, investment, banking and technology, and there is also an enormous natural resources sector that focuses on mining and gas.
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There are plenty of jobs for young people too, with a rapidly emerging digital services industry. And of course, tourism is a top industry in Australia too.
Another thing you may notice is the rapidly escalating cost of living.
Sydney and Melbourne have been known for a long time as some of the most expensive cities to live in. Now even Perth is climbing the league tables, and other Australian cities could soon follow.
C). Healthcare in Australia:
Australia ranks eighth in the world for life expectancy, thanks to a world-leading universal healthcare system that covers everything including medical clinic visits and dentistry.
D). Education in Australia:
In terms of education, Australia is also not faring too well with student performances declining over the last decade.
But don’t let this scare you off. Australia is a global powerhouse for trade and commerce, a modern country with a strong and ambitious economy and – best of all – home to some of the world’s best food and wine.
2. Singapore: Best Country To Live In Economically
A). Average expat salary: $69,396 USD
A real melting pot of cultures. Singapore incorporates the best of both the eastern and western worlds into a single metropolitan republic. Making it one of the best places to live in the world in 2024.
B). Quality of life in Singapore: Best Country To Live In the world
Singapore’s unique history as a crucial trading port in South East Asia. Means it boasts one of the most developed economies worldwide. With Financial Services, technology and trade topping of its list of heavy-hitting industries.
Singapore is extremely well-connected. Acting as a trading gateway for:
- India,
- China,
- Japan
- Australia, and
- Indonesia
While also remaining well-connected to the UK and thus to the rest of Europe.
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Add to that the fact Singapore has the world’s freest economy according to the World Economic Forum. And it’s easy to see why this city-state is so popular with expats.
Furthermore, Singapore is renowned for being one of the safest cities in the world, with violent crime very rare.
This probably has a lot to do with its overall high level of political and social stability. All in all, expats tend to enjoy a very relaxed lifestyle in Singapore.
On the downside, Singapore’s high cost of living and high pollution. Not to mention its unpredictable and sometimes unbearable climate.
Are some of the reasons it achieves a disappointingly average ranking in terms of quality of life.
C). Healthcare in Singapore:
Because Singapore has one of the world’s most advanced health systems, it has the fifth-highest life expectancy of any country worldwide and the enviable title of ‘healthiest country in Asia’.
Healthcare in Singapore is based on both a state-supported public healthcare system and a thriving private sector. Whichever one you choose, expect to be treated quickly: the Bloomberg Global Health Index ranked Singapore no. 1 for efficiency in healthcare.
D). Education in Singapore:
Singapore ranks fourth in the world for overall quality of education, including one of the highest scores in quality of science teaching worldwide. Students in Singapore also benefit from a policy of bilingual teaching, which allows them to take classes in English as well as one other language.
If its downsides don’t worry you, and you’re excited to join an up-and-coming community of metropolitan expats living their best lives in this tropical paradise, Singapore could very well be the place for you.
3. Norway: The Best Country To Live In Happily
The Kingdom of Norway is the westernmost country in the Scandinavian peninsula, made up mostly of mountainous terrain.
Nearly all of its population lives in the south, surrounding the capital, Oslo. Norway’s coastline is made up of thousands of miles of fjords, bays and island shores.
A). Average expat salary: $73,800 USD
Once ranked the happiest country in the world (and still appearing high up in Condé Nast’s top 10), the Scandinavian country famous for its fjords and fishing may not seem the obvious place for high-flying expats to make a name for themselves – but it has plenty to recommend it. The Best Country To Live In Happily
B). Quality of life in Norway: Best Country To Live In the world
With one of the lowest population densities in the world and fewer people in its capital city, Oslo, than in Rhode Island. What does Norway have to offer the intrepid expat, and why is it one of the best places to live in the world in 2024?
One thing is its incredible track record when it comes to income inequality – it’s Gini coefficient of 0.262 is one of the lowest in the developed world.
Living in Norway may not be cheap, but expats can expect a high quality of life, no matter how much they have in the bank.
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Speaking of which, you may not need to worry too much about your finances because, when it comes to GDP, Norway ranks fifth in the world.
On the downside, unemployment has been increasing even before the pandemic, due in some part to the downsizing of Norway’s oil industry.
However, Norway is increasingly looking towards a future full of hydropower, digital services and tourism – which is why foreign expertise is in such high demand. The Best Country To Live In happily
C). Healthcare in Norway:
Norway’s healthcare system is arguably one of the best in the world. And might explain why Norway ranks third in the world for life expectancy.
It’s free for everyone who has national insurance in Norway. Which you’ll receive when you start paying taxes.
D). Education in Norway:
Norway ranks mid-table as far as state education goes, although it has recently been boosting its education spending. Alternatively, there are an ever-growing number of international schools springing up in Oslo.
Those moving to Norway should expect a completely different way of life. For one thing, it’s likely to be much colder than you’re probably used to!
But in return, expatriates will undoubtedly discover a comfortable and cosy lifestyle. Make sure to try the Pinnekjøtt (lamb ribs) while you’re there. Best Country To Live In the world happily
4. Canada: Best Country To Live In
Canada takes up about two-fifths of the North American continent, making it the second-largest country in the world after Russia. Best Country To Live In NORTH AMERICA
The country is sparsely populated, with most of its residents living within 125 miles of its border with the United States.
Canada’s expansive wilderness to the north plays a large role in Canadian identity, as does the country’s reputation of welcoming immigrants.
A). Average expat salary: $111,000 USD
For the first time this year, Boston Consulting Group (BCG) listed Canada as the no. 1 destination people said they would move to given the chance.
It’s not hard to see why – Canada has a particularly strong appeal to younger, digitally-minded, white collar workers owing to its strong tech and digital services scene.
B). Quality of life in Canada: Best Country To Live In the world
The perks of moving to Canada are plentiful and ought to appeal especially to young families. The Best Country To Live In the world
They include free universal healthcare to all permanent residents, free public secondary education, a high degree of public safety and low air pollution.
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These factors make Canada one of the best places to live in the world in 2024.
Canada is also renowned as one of the most liberal and progressive societies in the world, making it a really exciting and energizing place to live, no matter what background you’re from.
Canada boasts a Gini coefficient of 0.303, which is significantly lower than its neighbor to the south, the United States – although income inequality is an increasingly visible issue in Canada.
C). Healthcare in Canada:
Canada just misses out on a top 10 spot in both healthcare spending per capita and life expectancy.
As we mentioned, universal healthcare is available to all residents in Canada and, in some provinces, is the only option (certain Canadian provinces have actually banned private healthcare, although there is plenty of debate as to whether this is constitutional).
D). Education in Canada:
Canada is one of the best countries worldwide to receive a state education, coming within the top 10 for reading, Math and Science. Best Country To Live In comfortably
Plus, children growing up in Quebec and Ontario can expect to receive an education in French as well as English.
Ultimately, Canada ranks highly across almost all quality of life metrics, including safety, health, the environment and life satisfaction, making it a first-class destination for expat families.
While the cost of living can be expensive in major cities like Toronto and Vancouver, many citizens agree living in these cosmopolitan areas is worth the price tag.
5. Switzerland: The Best Country To Live In
Switzerland, officially called the Swiss Confederation, is a small country in Central Europe made up of 16,000 square miles of glacier-carved Alps, lakes and valleys.
It’s one of the world’s wealthiest countries, and has been well-known for centuries for its neutrality.
Switzerland has low unemployment, a skilled labor force and one of the highest gross domestic products per capita in the world, according to the CIA World Factbook.
The country’s strong economy is powered by low corporate tax rates, a highly-developed service sector led by financial services and a high-tech manufacturing industry.
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Switzerland’s neutrality has long been honored by its European neighbors – the country didn’t take a side in either of the world wars and is not a member of the European Union.
As a result, Switzerland, particularly Geneva, is a popular headquarter location for international organizations. Such as the International Committee of the Red Cross and the United Nations, though Switzerland did not join the latter until 2002.
The country is also a member of the IMF, WTO and World Bank. Best Country To Live In Europe
A). Quality of life in Switzerland: Best Country To Live In the world
With the 4th highest GDP of any country worldwide, many expatriates come to Switzerland for the high wages. However, those that do end up staying do so for other reasons.
Namely the fresh alpine air, high-end luxuries, the abundance of winter activities, first-class transport connections and much, much more.
In the 2019 Mercer Quality of Living Survey, three cities (Zurich, Geneva and Basel) in the miniature European nation ranked in 10 areas for quality of life. It’s one of the best places to live in the world. Best Country To Live In.
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Why is this? It could have much to do with Switzerland’s unusually relaxed political climate. Famously neutral in global affairs, Switzerland benefits from a high degree of political and social stability.
It also has a Gini coefficient (used to measure income inequality) of 0.299, which is much lower than many other European countries. Are there any downsides to life in Switzerland? Well, of course – but you have to look pretty hard to find them.
B). Average Expat Salary: $200,000 USD
Despite its diminutive size, Switzerland is globally renowned as a business, finance and commerce powerhouse.
C). Healthcare in Switzerland:
Switzerland has the second-highest healthcare spend per capita after the United States. (although all healthcare in Switzerland must be paid for through private health insurance, making global health insurance and absolute must for expats).
No wonder then that Switzerland ranks no. 2 in the world for average life expectancy.
D). Education in Switzerland:
Admittedly, Switzerland is not highly ranked for state education, faring well for mathematics but languishing in mid-table for science and reading.
For this reason, you may want to consider one of the 44 schools which are part of the Swiss Group of International Schools.
Expatriates may also want to weigh up the hefty cost of living against their new salaries – Zurich ties with Paris as the most expensive city in the world right now, which can make life difficult for those who aren’t earning big bucks.
But if you fancy a long, healthy life with good employment – plus an abundance of cheese and chocolate – Switzerland could be perfect for you. The Best Country To Live In with Family.
6. Hong Kong, China: Best Country To Live In
Hong Kong is a major international financial center with a high quality of life. This Country, Hong Kong as very low taxes, the highest income tax at 17%, making it attractive for businessmen.
Additionally, like many of the other countries on this list, Hong Kong has very low crime rates despite being a very densely populated urban area.
Many believe that Hong Kong is the perfect blend of East and West cultures with colonial buildings, temples, and ancient traditions and festivals living side-by-side with modern public transportation and tall glass skyscrapers. The Best Country To Live In Asia
7. Denmark: Best Country To Live In the world
Denmark rounds out the top ten countries to live in, and it’s easy to see why.
For starters, “social trust”, which measures people’s trust in one another, their government, and public institutions such as police and hospitals, is very high in Denmark.
Moreover, health care and education (even college) are completely free to all citizens. While Denmark is a global leader in industries including shipping, design, and architecture, it is also a green-forward country.
Even in the capital city of Copenhagen, bikes often outnumber automobiles, and the country is constantly developing new methods of living cleaner and greener.
Finally, the Danes have given the world the concept of “hygge” (pronounced “hooga”), a warm, very human term for time spent away from the hustle and bustle, peacefully relaxing and appreciating life’s smaller joys, often with family and/or friends. The Best Country To Live In the Future