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Thursday, 20 January 2022 00:00

25 Best Places in the World for Retirees, one of them is Bali in Indonesia

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According to research conducted by International Living magazine, Bali in Indonesia is included in the list of the 25 best places across countries for retirees to live in. The research is entitled ‘the Annual Global Retirement Index 2022’ which was released on January 1, 2022. International Living compiled a list of places in the world, which have the highest scores and are considered the most suitable for retirees to live in. This means that living in these places tends to be able to make a retiree live a healthier and happier life by spending less, and getting more benefits or positive things.

Each year, assessors use a worldwide network of editors, correspondents, and contributors to gather a variety of information. Therefore, rankings and scores are determined based on 10 categories, namely the first aspect: ‘Housing.’ This category looks at the value of housing and the ease of buying or renting a house in a country or place. Second, there are ‘Benefits and Discounts.’ In some countries, a retiree can get discounts for many things, from air tickets, food, electricity to public transportation. Third, there are ‘Visas & Residence’. This includes the ease of obtaining permanent residence, taxes imposed on income, and the availability of special housing options for retirees. Fourth, it’s ‘Entertainment’. This category looks at the ease and comfort for retirees to live in a country and the ease of adapting there. In addition, there are amusement activities, such as museums, exhibitions, and many others.

Furthermore, the fifth category is ‘Development’. As a retiree, he or she, of course, looks at the most important thing, the progress of access or facilities in the surrounding environment. Sixth category is the ‘Climate’. In this category, rainfall, temperature, and humidity are assessed moderately. Seventh point is ‘Healthcare’. In this assessment, the factors that are seen are the quality and price of health services. Eighth point is ‘Governance’. Several things are assessed, such as the existence of a stable and safe environment, the right to personal freedom, the level of bureaucracy, the banking system, and so on. Ninth category is ‘Opportunity’. This factor is the level of ease of local authorities in supporting small businesses or other employment sectors. The last one is ‘Cost of Living’. This category assesses the estimated monthly cost budget.

In the list of the best places across 25 countries for retirees, Bali in Indonesia is ranked 16th, just below Malaysia and above Sri Lanka and Vietnam. This assessment resulted in Bali's average score of 69, only three points different from Malaysia in 15th place. The first place was occupied by Panama.

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