Colombia, Panama, Mexico, and Brazil stand out in a ranking of the best-rated in terms of the management of their personal finances by expats, according to the survey of the global network InterNations.
The report, which assesses the living conditions of more than 10,000 people in 172 nations, showed that the Latin American region offers significant financial advantages compared to other destinations. "Asian and Latin American countries are the ideal place to keep your wallet happy. In contrast, in Europe you can expect higher bills," the study refers. One of the most relevant indicators in the report is the Personal Finance Index, in which expatriates rate three different factors on a scale of one (very bad) to seven (very good). These are: the general cost of living, satisfaction with their financial situation, and whether the respondent's disposable household income is sufficient to lead a comfortable life.Attractive Region
In Colombia, which had the second place behind Vietnam, 92% considered that their income is sufficient or more than sufficient. In fact, the cost of living is not a problem for any of the expatriates who responded to the survey in that country. Meanwhile, in Panama, which ranks third, 87% stated that they have comfortable incomes and 78% declared themselves satisfied with their financial situation. Mexico, in eighth place, was valued because it is an affordable country and expats find it easy to get used to the culture and make local friends. The quality of life is rated as average, in part, due to problems in job security and long working hours.Globally, Vietnam topped the ranking for the fifth consecutive year, establishing itself as the most economical country to move to. There, 89 % of those surveyed expressed that they are satisfied with the overall cost of living.








