Latvia ranked 34th in Global Re­tire­ment In­dex

The Baltic Times - - BALTIC NEWS - LETA/TBT Staff

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.

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