Global Citizen Solutions, an immigration investment company based in the UK and Portugal, has released its first-ever ‘Quality of Life Index’. They assessed several criteria using a quantitative scoring system to determine the overall standard of living that a nation can offer, focusing on the aspects that make a country ‘desirable’ for expats, international retirees, and digital nomads.
The top 10 best passports for Quality of Life are:
Sweden: One of the happiest countries in the world
With many beautiful landscapes, a corporate culture that has fully embraced a good work-life balance, and a country that leads in global development, Sweden has claimed the top spot in Global Citizen Solutions´ pioneering Quality of Life Index. Global Citizen Solutions data analysts looked at each nation’s areas deemed the most important to assess a country’s living desirability.
Here are the six main indicators considered for the Quality of Life Index:
Sustainable Development Goals (weighted at 30%)
Cost of living (weighted at 20%)
Level of freedom (weighted at 20%)
Level of happiness (weighted at 10%)
Environmental performance (weighted at 10%)
Migrant acceptance (weighted at 10%)
Sweden scored 87.2 in the Quality of Life Index, ranking highly in sustainable development, level of freedom, environmental performance, happiness and migrant acceptance. The nation only ranked unfavorably in the cost of living category, which is considered high. However, Sweden has relatively high salaries for its population, which increases the cost of living.
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“In Sweden, as with other Scandinavian countries, there is a great weight given to social equality and an emphasis on the importance placed on life outside the office and on a healthy work-life balance. From kindergarten, there are 16 months of paid family leave that can be split between the couple after a new child is born, with free daycare also available,” comments Patricia Casaburi, Managing Director at Global Citizen Solutions.
While most passport rankings focus solely on the number of countries that one can visit visa-free with a certain passport, Global Citizen Solutions believes that a passport’s true value has so much more to offer. As a result, their team of analysts created a pioneering Global Passport Index, which includes an all-encompassing ranking system that considers a passport’s attractiveness level for international mobility, investment opportunities, and quality of living.
Sweden’s Passport rankings
Enhance Mobility Index – 15th
Investment Index – 31st
Quality of Life Index – 1st
Overall Global Passport Index – 6th (USA 1st, Germany 2nd, Canada 3rd, Netherlands 4th, Denmark 5th)