Page 6 - Bus365 Issue 11 2021 WEB

NEARLY TWO THIRDS OF GLOBAL EXPATS

FEEL CONFIDENT ABOUT NEXT TWELVE

MONTHS - FINDS LATEST HSBC SURVEY

Study of 20,000+ expats reveals their global Expats rank Jersey as well as Australia and
confidence to live and work abroad has not Switzerland among the most stable places to
diminished live and work
Guernsey, Jersey and the Isle of Man rank in
the top 10 places to live and work
The 14th annual Expat Explorer study - a global survey of over 20,000 people who live and work
abroad - indicates that almost two thirds (65%) of expats feel optimistic about the year ahead despite
the volatility of the past 18 months.
he key reason driving optimism is their 4. Making new friends (45%) and many are looking forward to remaining
hope to live ‘normally’ again (75%), but 5. Going out more (41%) there for the foreseeable future. Following many
Tsix in ten (61%) are also feeling positive months of uncertainty, I’m heartened to hear
However, the study also highlights some of
because of the quality of life they will be able to how expats are benefi tting from relocating –
the challenges that expats have faced during
enjoy. Expats in Taiwan are the most optimistic over two-thirds told us they feel their quality of
the pandemic. Over half (63%) have been
(85%), closely followed by those in Australia, life is better now, albeit with a lot of changes.
stopped from travelling abroad for business,
New Zealand, and Vietnam (all 83%).
and the majority (90%) were unable to see “Despite their positivity, I’m very mindful of
Overall in the study, which is managed by family or friends in their home countries. Yet it the disruption they have experienced (which
Channel Islands-headquartered HSBC Expat, also points to the resilience of the global expat remains ongoing in certain locations) including
the Crown Dependencies have risen up the community, as two in fi ve (42%) say they were their ability to see family or friends in their home
rankings this year into the top ten, with Guernsey able to continue to manage their physical health, countries, and travel for business. This reality
in 5th, Jersey in 6th and the Isle of Man in 7th. and over a third (36%) continued to spend time puts their optimism in even sharper focus and
outside. makes me more determined to fully support our
As the world has been in a state of fl ux during
expat customers as they navigate life away from
the pandemic, the study suggests that locations Cameron Senior, Interim Head of HSBC Expat,
home.
where a sense of stability has been maintained told B365: "Despite incredibly challenging times,
ranked highly. Nearly all expats based in I am encouraged to see sparks of optimism “As an expat living in Jersey and working across
Australia, Switzerland and Jersey would among global expats. Our study confi rms that the Channel Islands and Isle of Man, I know how
recommend their location as a ‘stable’ place expats continue to thrive in their host countries beautiful and stable the islands are and so I’m
to live in the next 12 months - Australia (92%), not surprised to see each of them ranking in the
Switzerland (92%), Jersey (90%). top ten places to live and work.
Expats’ desire to live and work abroad has Overall, expats ranked the following locations as
not been diminished by the pandemic – the the top 10 places to live and work in 2021:
majority plan to stay in their host location for
1. Switzerland
the foreseeable future, with 80% intending to
2. Australia
continue living in their host country for the next
3. New Zealand
year at least, and only 7% planning to move.
4. UAE
The fi ndings suggest expats are prioritising 5. Guernsey
personal lifestyle choices rather than traditional 6. Jersey
relocation drivers - such as career progression 7. Isle of Man
(34%) or expanding professional network (31%). 8. Bahrain
The top fi ve goals that expats look forward to 9. Singapore
achieving in the next 12 months are: 10. Qatar
1. Getting to know the local area (50%) For more information about the
2. Travelling (47%) fi ndings, and HSBC Expat products,
3. Understanding and exploring local culture Cameron Senior, Interim Head of visit: www.expat.hsbc.com/expat-
(47%) HSBC Expat explorer-results/

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