According to figures from the American financial organization NASDAQ, Malaysia has emerged as the top retirement destination among the top ten retirement sites in Asia.
According to the survey, choosing Malaysia as a retirement location involves only an estimated monthly living expense of around $2,000 (around MYR 9,000), making it one of Asia’s most appealing retirement destinations.
Malaysia has a Global Peace Index of 1.471, a cost of living index of 22.9, and a gross domestic product of $481.9 billion, making it a great choice for retirees to consider, according to the report.
“With a Global Peace Index of 1.739 and an average monthly cost of living of approximately $1,741 (approximately MYR 7,800), Kuwait ranks second.” Mongolia ranks third, with a Global Peace Index of 1.775 and a monthly cost of living of about $940 (about MYR 4,300).”
According to the banking organization, regions on the list must have a Global Peace Index of less than 2.0.
Based on the GoBankingRates article, the institution analyzed GDP data from the United Nations Asia-Pacific region and WorldPopulationReview, as well as the cost of living data from the global database website Numbeo and the Institute for Economics and Peace’s Global Peace Index report.
In recent years, there has been an increase in the number of people retiring abroad, and many nations provide lower living costs while still delivering the benefits of diverse cultural experiences that come with living abroad.
GOBankingRates is committed to locating the most secure retirement destinations in Asia while also providing inexpensive average monthly expenses. The website acquired GDP statistics from the United Nations Asia-Pacific Group and WorldPopulationReview, cost of living data from Numbeo, and the Global Peace Index from the Institute for Economics and Peace’s “2022 Global Peace Index” report to find these countries. To meet the criterion, countries must have a Global Peace Index of less than 2.0.
