Latvia ranked 34th in Global Retirement Index
Latvia has been ranked 34th in the Global Retirement Index 2017 drawn up by Natixis Global Asset Management, which is two positions lower than last year.
According to a report released by the index’s authors, the fastest improvements have been recorded in three countries included in the index – Greece, Hungary and Latvia. These countries all benefit from improvements in both the environmental factors and happiness indicators yet still rank near the bottom of the pack in terms of overall sub-index ranking.
Latvia has shown its best performance in the life quality sub-index where it has scored 69 per cent. At the same time Latvia scored 68 per cent in the finances index, 48 per cent in the material wellbeing index and 46 per cent in the health index. Latvia’s overall score in the retirement index is 57 per cent.
The highest scoring countries in the Global Retirement Index 2017, which covers 43 countries of the world, include Norway, Switzerland and Iceland, while India, Greece and Brazil have been ranked at the bottom of the list.
Other Baltic states have shown better results than Latvia this year, with Lithuania taking 31st and Estonia 26th position.
The Global Retirement Index (GRI) is a multi-dimensional index developed by Natixis Global Asset Management and Coredata Research to examine the factors that drive retirement security and to provide a comparison tool for best practices in retirement policy.
The index incorporates 18 performance indicators, grouped into four thematic sub-indices, which have been calculated on the basis of reliable data from a range of international organizations and academic sources.