Published on : Thursday, January 10, 2019
After gathering data from more than 22,000 respondents the Asian country has topped the bank’s annual Expat Explorer survey.
On ranking countries on a range of factors like career progression, work/life balance, healthcare, tolerance and the ability to make new friends it provides an overall package to those surveyed.
With strong and stable economy expats are certainly drawn to the global financial hub, half of the expats in Singapore moved to progress their careers, more than quarter wanted to challenge and others wanted to improve their earnings.
As per HSBC expats in Singapore earn an average salary of $162,000 (£127,350) – $56,000 (£44,000) which is more than the global average.
Around 47 percent stayed for the quality of life it offered them and their families nearly 60 per cent of expat parents in Singapore felt their children’s health and well being was better here.
New Zealand took the second spot, it was second last year and ranked number one for the “experiences” category that included factors like the quality of life, culture, integration, safety and healthcare.
Performing well for “economics” factors was Germany, followed by Canada and Bahrain. Bahrain rose four places in the rankings since 2017 while the Middle Eastern country took the top spot for wage growth.
Ireland rose 10 places from 28th to 18th between 2017 and 2018 showing one of the highest leaps. The UK was five places up from last year’s report.