Costa Rica still one of the best retirement destinations, says International Living magazine

Costa Rica ranked fourth among the top 10 destinations in the world to retire, according to the latest report by International Living magazine.

Each year, the magazine publishes a “Global Retirement Index” to guide retirees looking to become expats.

The ranking compiles statistics on quality of life, wealth, infrastructure, bureaucratic red tape and access to basic health care services.

It also includes opinions from magazine correspondents and expats from around the world.

This year’s ranking states that Costa Rica’s “legacy of year-round warm weather, as well as longtime political stability and public safety” earn the country a ranking in the top 10.

The publication also highlights the country’s health care system and states that Costa Rica “is still going strong because the country continues to tick the boxes of those looking for their place in the sun. Plus, because of its long history as an expat haven, it’s easier than ever to start a new chapter in your life.”

Panama took the top spot this year, thanks to quality infrastructure (Panama soon will have Central America’s first subway system), reduced red tape (especially regarding visas) and good access for global airlines.

Ecuador dropped one slot to second place, while Malaysia took third.

The Global Retirement Index 2014: