While expats around the world, especially those within the Eurozone, are feeling the uncertainties of the economic climate, one group of expats - the wealthy expat earners (those earning more than $300,000 annually) are riding the storms and are relatively untouched by global economic woes. This group of expats is more likely to originate from European countries (55%) and choose to move to another European country within the region (23%) when expatriating.
Unlike the rest of Europe, wealthy expat earners are finding new opportunities within the region and appear to be sheltered from wider European troubles. Nearly seven in ten (68%) wealthy expat earners are seeing an improvement in their financial status compared to the regional average (46%), and 69% have greater disposable income since relocating compared to both European (40%) and global averages (49%).
With improvements in financial statuses, the majority of wealthy expat earners (77%) have more complex finances compared to the global average (60%). They have more money to manage, need to manage finances in different currencies and have to move money between different countries (see table).
The concerns and confidence levels of these wealthy expats also differ to those of other expats globally as these expats tend to be exposed to wider asset classes and have more sophisticated investment portfolios. This is reflected in the confidence levels for this group of expats who say the state of the global economy (51%), shape of the local economy (35%) and volatility of stock markets (30%) are the top three risks to their financial wellbeing.
Expat Explorer collects key findings from countries around the world.
Use the dropdown menus above to add or remove criteria and see which findings from 2012 are most relevant to you, or use our league table to see how countries compare.