Sep 02 2010 |
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Gulf's expats are living the high life
Russia, Saudi Arabia and Bahrain are home to the wealthiest expats, with Eurozone countries falling behind when it comes topaying for foreign expertise, according to a new survey of expats.
The third annual report commissioned by HSBC Bank International found finances among expats were generally positive with two-thirds, or 66 per cent, saying they have more disposable income to save and invest since moving abroad.
Expats in Russia topped the list for the second consecutive years with a third, or 36 per cent, reporting earnings of more than $250,000 a year - compared to two-thirds, or 62 per cent, of expats in Spain earning below $60,000.
"The BRIC (Brazil, Russia, India, China) economies have fared well over the last year and as a result we've seen that these expat locations are particularly strong when it comes to expat finances," Wood said.
"Eurozone countries were the worst-performing when looking at purely financial criteria and all featured in the bottom quartile of our table."
The Expat Economic survey, part of HSBC's Expat Explorer Survey of 4,100 expats from 100 countries, ranked 25 countries on scores linked to annual income, monthly disposable income and a measure of defined luxuries.
When it came to salaries, Russia topped this table followed by Singapore and Bermuda. The UAE was eighth.
© 7Days 2010
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Comments By Our Users (1)
Did they interviewed the people who stay in the labor camps? They survey is wrong.
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