New rankings have revealed that Spain has the worst high quality of retirement within the EU, falling behind international locations like Russia and Mexico on the worldwide index.
Spain has lengthy been a preferred retirement vacation spot for foreigners however it’s the worst nation within the EU to retire, a brand new report has concluded.
Spain lately got here in thirty ninth place in a world rating that in contrast 44 international locations, but it surely stays the worst within the EU, the third consecutive 12 months that Spain has been on the backside of the European index, based on information from the Global Retirement Index 2025 (GRI) by Natixis Investment Managers.
This contrasts with nearly all of rankings that classify Spain as an excellent place to retire to, particularly for so-called ‘expats’.
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The Natixis evaluation takes into consideration a variety of things essential to take pleasure in a wholesome and safe retirement. In addition to funds and pensions, it considers entry to and price of healthcare, local weather, governance and the final wellbeing of the inhabitants.
Spain stays in thirty ninth out of 44 with a rating of 48/100, solely forward of Brazil, China, Turkey, Colombia and India, and behind Russia and Mexico.
READ ALSO: Will there be no public pensions in Spain sooner or later?
Despite being on the backside of the rankings, Spain did present enchancment this 12 months in some indicators, comparable to within the well being class, the place it moved up one place to fifth within the life expectancy class with a rating of 94 %.
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Spain’s nationwide stats physique INE forecasts life expectancy to proceed rising within the nation. Life expectancy at start might attain 86.0 years in males and 90.0 in ladies by 2071, rises of 5.8 and 4.2 years in comparison with present life expectancy figures.
Demographic fashions forecast that Spain will surpass Japan because the nation with the best common life expectancy by 2040.
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However, broader structural issues within the financial system appear to be flattening retirement scores.
“The GRI 2025 outcomes are a reminder of the challenges Spain has been going through for years by way of employment and productiveness, which proceed to weigh on our place within the rating. At the identical time, the energy of our healthcare system and excessive life expectancy are property that we should protect and that mirror very optimistic elements of our society,” mentioned Javier García de Vinuesa, head of Natixis Investment Managers for the Iberia area.
Spain’s scores additionally fell for aged dependency and non-performing financial institution loans. However, the principle drag continued to be excessive unemployment, an indicator wherein Spain was as soon as once more on the backside of the rankings and pushes down the general rating.
A non-contributory pension in Spain for individuals who have not labored sufficient to qualify for a daily pension is €564 a month on common, unfold over 14 funds a 12 months.
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Norway topped the index this 12 months with an general rating of 83 %, displacing final 12 months’s chief, Switzerland (81 %), which now ranks third behind Ireland (82 %).
Denmark made the most important leap into the highest ten, shifting up from ninth to fifth place, and Slovenia entered the highest ten for the primary time.
It has been famous within the Spanish press that, based on the index methodology itself, smaller international locations have a bonus by way of retirement rankings. Germany, which got here eighth within the rating, was the one massive, developed nation to enter the highest ten.
In a narrower rating of enormous developed international locations, Spain got here tenth, behind Germany, the UK, Canada, the US, South Korea, Japan, France, Poland and Italy.
READ ALSO: The greatest cities to retire to in Spain, based on Spaniards
