Dominican Republic stands out among Latin America’s best countries for retirement

Caribbean nation ranks better than seven major states

The Dominican Republic ranks fourth in 2023 among the best countries in Latin America to retire in, according to a ranking by U.S. News & World Report.

Quisqueya, which ranks 23rd in the world this year, climbed four spots over the previous year.

Only Panama, Costa Rica and Mexico surpass the Caribbean nation in the inventory of 87 states. However, it is above Argentina (26th), Brazil (33rd), Chile (38th), Uruguay (42nd), Peru (44th) and Ecuador (46th).

Likewise, the Dominican Republic has a better place in the ranking than Colombia (56th), El Salvador (63rd), Honduras (65th) and Guatemala (66th).

In fact, it ranks above industrialized countries such as the United States, China, the United Kingdom, Germany, South Korea, Japan and Russia.

Among the different categories of the selection, the Dominican territory stands out in adventure, cultural influence, openness for business and social purposes.

The data was drawn from a global survey of more than 17,000 participants. Respondents highlighted seven attributes of different territories internationally, among which are: affordable, favorable tax environment, friendly, a place where you would live, pleasant climate, respects property rights and has a well-developed public health system.