In this article, we discuss 5 best countries for millionaires to live in. If you want to see the more countries for millionaires to reside in, check out 25 Best Countries to Live In for Millionaires.
5. Australia
Quality of Life Index: 178.41
Australia is the six-largest country in the world by geography and has a high-income, developed economy. Australia ranks high on the HDI and is admired for its quality of life, healthcare, education, economic freedom, civil liberties, and political rights. With a GDP of $1.55 trillion, Australia ranks 5th on our list of the 25 best countries to live in for millionaires based on the quality-of-life index score of 178.41.
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4. Finland
Quality of Life Index: 178.95
A Nordic country in Northern Europe, Finland ranks 4th on our list of the 25 best countries to live in for millionaires. It is the consecutively first ranking country on the World Happiness Report from 2018 to 2021. Finland enjoys prosperity and a high income per capita. The main GDP contributors are the services, manufacturing, and refining sectors. In 2021, Finland announced a GDP of $297.3 billion. It earned its place on our list based on the quality-of-life index score of 178.95.
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3. The Netherlands
Quality of Life Index: 180.27
The Netherlands, also known to many as Holland, is located in Western Europe. It is one of the most socially tolerant countries, where abortion, human euthanasia, same-sex marriage, and prostitution are legal. The drug laws are quite relaxed as well. It is one of the most economically liberated countries. The Netherlands has a developed economy and is one of the top global exporters. In 2021, the GDP exceeded $1 trillion. The Netherlands earned its place as the 3rd best country for millionaires to live in on our list based on the quality-of-life index score of 180.27.
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2. Denmark
Quality of Life Index: 186.25
The Kingdom of Denmark is a Nordic country in Northern Europe. The people of Denmark are afforded high living standards and excellent quality of life, with access to the best education, healthcare, civil rights, democratic governance, and LGBT equality. Denmark has a mixed economy, with high-income per capita and developed infrastructure. The country has shifted from being a primarily agrarian economy to developing its industrial and services sectors extensively. The GDP of Denmark in 2021 was $398.3 billion. It is the best country for millionaires to live in based on the quality-of-life index score of 186.25.
Copenhagen, Denmark
1. Switzerland
Quality of Life Index: 188.36
Switzerland is a landlocked European country that is world-famous for its scenic beauty. It ranks very high in human development and economic prosperity. It is one of the best countries in the world in terms of living standards, although the cost of living is very high in Switzerland. It is one of the wealthiest European countries, with manufacturing and tourism being its most important sectors. Switzerland is home to many massive multinationals like Nestle (OTC:NSRGY), Novartis International AG (SIX:NOVN), and Barry Callebaut (SIX:BARN). In 2021, the GDP for Switzerland was $800.6 billion. It earned the 1st place on our list based on the quality-of-life index score of 188.36.
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