According to HSBC Offshore’s recent Expat Explorer survey, expatriates living in emerging markets including Russia, Saudi Arabia, Bahrain, the UAE and Singapore achieve the greatest overall wealth in terms of salaries, disposable income and luxury items.
The survey which involves feedback from over 4,000 people working in 39 industries in more than 100 countries found that the UK and Europe were on the other end of the spectrum, where salaries are lower. According to HSBC, this could be due to a high number of expatriates choosing mainland Europe as their retirement destination.
Meanwhile the BRIC economies have fared well over the last years with 27% of expats in Russia, 50% in India and 61% in China saying the economy of their host country had improved over the last year. People living in these countries have more chance of earning higher salaries and are more likely to save and invest than expatriates living in other parts of the world.
For more information on emerging market opportunities or to find out more on how to save in the country you live in, please contact us.
