Kuala Lumpur, Malaysia – In a recent article by US-based financial services corporation Nasdaq, Malaysia has been ranked first in a list of the top 10 safest places to retire in Asia. The ranking is based on data from the United Nations Pacific-Asia Region Group and gross domestic product (GDP) from WorldPopulationReview. Additionally, Nasdaq considered cost of living figures from Numbeo and the Global Peace Index from the Institute for Economics and Peace Global Peace Index 2022 Report. It is important to note that countries need to have a global peace index of under 2.0 to qualify, as reported by Bernama.
Malaysia takes the number one spot on the list, boasting a global peace index of 1.471 and an average monthly cost of living of US$1,066 (RM4,955). The country is lauded for its affordability and quality of life, making it an excellent choice for retirees. According to Nasdaq, Malaysia has a cost of living index of 22.9 and a GDP of US$481.9 trillion (RM2.24 quadrillion).
Kuwait secures the second position on the list with a global peace index of 1.739 and an average monthly cost of living of US$1,741 (RM8,090). Although Kuwait’s cost of living index is relatively higher at 37.4, its overall cost of living combined with its global peace index score make it an appealing destination for retirees.
Mongolia takes the third spot on the list, with a global peace index of 1.775 and an average monthly cost of living of US$940 (RM4,370). Nasdaq notes that Mongolia’s cost of living index is tied for the lowest on the list, alongside Indonesia, at 20.2. However, Mongolia has the lowest GDP among the listed countries, at US$21 trillion (RM98 trillion).
Vietnam ranks fourth on the list, with a global peace index of 1.786 and an average monthly cost of living of US$1,117 (RM5,190). Indonesia and Jordan follow closely behind with global peace index scores of 1.800 and 1.849 respectively. Cambodia, Oman, Cyprus, and Nepal complete the list, each offering unique benefits for retirees.
Retiring in Malaysia is an enticing prospect for many, given its affordable cost of living and high level of safety. With its rich cultural heritage, modern infrastructure, and natural beauty, it is not surprising that Malaysia has earned the top spot on Nasdaq’s list. Whether it’s enjoying the stunning beaches, exploring vibrant cities, or immersing in diverse culinary experiences, Malaysia has something to offer retirees seeking a fulfilling and secure retirement.
Source: The Star
Credit: The Star : News Feed
