Retirement years can bring new adventures and cultural experiences, especially for those who choose to relocate abroad.
The new 2025 Global Retirement Index highlighted Norway as the best country for retirees. The report evaluated 44 developed states on a variety of factors, including affordability, healthcare, and overall retirement security.
“Norway has regained the top position in the 2025 Natixis Global Retirement Index, driven by its strong performance in health outcomes, low unemployment, and high income equality,” the Global Retirement Index revealed, adding that the country has ranked in the top three every year since 2012.
The Nordic country had a strong showing in multiple categories; it was first in material wellbeing, second in quality of life, and fourth in health. The report also noted that Norway was among the top five for air quality, water, and sanitation. Norway is consistently ranked among the happiest countries in the world.
“Finances in Retirement is the only sub-index where Norway loses ground, falling from 12th to 16th following a one-percentage point score decline,” the report stated. “Norway’s score in this sub-index remains hindered by a relatively high tax burden to support expansive public support systems for citizens, as well as associated challenges tied to its aging population.”
While the benefits of retiring in Norway are many, relocating there long-term can be challenging for U.S. citizens. A residence permit can only be obtained under specific circumstances, such as family reunification or employment, according to the Norwegian Embassy.
Earlier this year, Norway was also ranked as a top retirement destination by Everly Life. In that report, analysts found the country’s “superior health care systems and social infrastructure” as key reasons for its success among seniors.
In the 2025 Global Retirement Index, Norway was followed by Ireland in second place, Switzerland in third, Iceland in fourth, and Denmark in fifth. Australia is the only non-European country in the top 10. The United States took the 21st spot.
The report also identified five factors that seniors fear may prevent them from achieving retirement security. These include not having enough savings to retire, inflation, the possibility of reduced retirement benefits, and long-term healthcare costs.
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