Retirement Redefined

The world's best place to retire—Ecuador???

Quito, Ecuador
Mike Matthews Photography | Flickr | Getty Images

Ecuador may rank 65th on The Economist's quality-of-life scale, but it came out tops this year in another index—a list of the world's best places to retire.

The country scored a 92.7 out of 100 in the annual index from International Living magazine, which focuses on expatriate retirements.

While the Latin American nation got relatively weak scores for healthcare and infrastructure, it also managed perfect scores for climate and for the ease of buying or renting property.

Panama came second in the rankings and was the only other country to score higher than 90. Four of the top five destinations and six of the top 10 were in Latin America.

The International Living ranking diverges from the Global AgeWatch Index, which ranks countries on how their older populations fare. In 2014 Ecuador ranked 33rd on that index.

For the full International Living index and report, click here.