RIO DE JANEIRO, BRAZIL – Uruguay entered the ranking of the 40 best citizenships in the world, according to a list prepared by CS Global Partners, the English marketing and advisory firm which also specializes in residency and citizenship by investment solutions.
The firm produces the World Citizenship Report, which ranks 187 countries worldwide. It takes into account the satisfaction, attractions, and quality of life standards reported when living in them, according to Nueva Mayoría Uruguay, a think tank dedicated to the study and socio-political analysis.
That is how Uruguay reached 72.3 points, the same as countries such as Romania, and reached the 39th position averaging all categories. It came in second place among Latin American countries, after Chile, which scored 75.1 points. The latter ranked 33rd in the global ranking.
The scores are calculated based on five characteristics: safety and security, economic opportunity, quality of life, global mobility, and financial freedom. Although Uruguay ranks in the top 50 and below, it has the highest score in the “safety and security” pillar. There, it ranked 25th worldwide and first in Latin America.
Specifically within “safety and security”, each country’s capacity in these parameters is measured, both at the individual level of each citizen and in general conflict situations. With a score of 81.9, Uruguay ranked 25th and first in its continent.
Above Uruguay was San Marino, with 82.4 points, and below it, Monaco, with 81.8. At the same time, the following Latin American country in the ranking is Costa Rica, in 30th place with 78.5 points, and Chile, in 41st place with 74.8 points. The first, worldwide, is Iceland, with 96.2 points.
In terms of “economic opportunity”, Uruguay reached 63.5 points, appearing in 47th place. This characteristic evaluates the capacity of each country to extend wealth, material comfort, and other benefits, one of the keys to a strong economy, to all its citizens.
Regionally, the “Switzerland of the Americas” is the third most attractive country in this area. Before it are Chile, in 27th place with 70.5 points, and Mexico, in 42nd place with 64.9 points. The country with the highest score was Singapore, with 84.8 points.
Concerning the quality of life, it is one of the worst scores Uruguay has. The firm measures and calculates a country’s capacity to provide its citizens with a high quality of life in physical, economic, cultural, social, and educational terms.
The country obtained 73.6 points in this category, placing it in 53rd place, followed by Montenegro with 73.8 points and Kazakhstan with 73.1. It is in fourth place at the Latin American level, below Chile, with 77.7 points, Argentina with 78.8 points, and Costa Rica with 73.9. On the other hand, Switzerland ranked first in the world with 92 points.
Global mobility measures the number of countries citizens can access without a visa. This category is the second in which Uruguay achieved the best score worldwide. With 72.9 points, it was ranked 29th between Mexico, with 74.6, and Mauritius, with 72.6.
The country with the best travel access to other countries is Japan, which scored 91.4 points. Among the Latin American countries above Uruguay are Chile, with 82.6; Argentina, with 78.8; and Brazil, with 76.3.
Finally, in terms of financial freedom, Uruguay scored 66.3 points, which would be its lowest score in all categories. It is ranked 36th in the world. It considers each country’s capacity to provide a favorable and stable regulatory framework for the registration and performance of businesses and the holding of personal and commercial assets.
Uruguay is thus the second Latin American country in this category, behind Chile, which ranks 27th in the world with 69.8 points. New Zealand has the best financial freedom globally, with 87.4 points.
With information from Infobae