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Thursday, 28 September 2017

Egypt is at the bottom of HSBC’s 46-country Expat Explorer survey

Egypt dropped two places to the last place on the 46-country Expat Explorer survey by HSBC. The index measures issues from personal finances and career progression to the strength of the local economy. The drop in Egypt’s placing is driven by concerns over the quality of life, healthcare, childcare, and economic confidence, despite ranking relatively highly in terms of social life, making friends, and closeness with partner. The report also finds out that expats moving to Switzerland typically earn 54% more than if they would have stayed at home, taking in USD 193k a year on average. While the Swiss earnings are the highest for expats globally, Saudi Arabia provide 58% higher remuneration to expats relocating there, possibly because of its ability to intake a larger volume of cheaper labour. Overall, Singapore, Norway, New Zealand, and Germany topped the list globally.

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