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World Citizenship Report Explores 2024 Elections

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CS Global Partners has released the third edition of its annual World Citizenship Report. This year's edition focuses on the upcoming 2024 global elections, and the thoughts of high-net-worth-individuals (HNWIs) regarding this tumultuous global period. 

The CS Global Partners World Citizenship Report remains the flagship analysis of the most pressing issues facing global citizens. The Report's theme is individuals' sense of responsibility amid electoral change. Exploring the intersection between choice and obligation, the Report is a data-driven approach to understanding citizenship and evaluates the findings in context of electoral change.  

This year will be history's largest global election year, with half of the world's population voting in an election. That is more voters than any time before. From India to the United States, Britain to Bangladesh, countries will be tested on their democratic credentials. The World Citizenship Report provides commentary and analysis from scholars and researchers, including the University of Cambridge's Centre for Geopolitics, on the importance of these elections for global citizens.

The World Citizenship Report is the world's first-ever endeavour to investigate the value of citizenship through the lens of the global citizen. Favouring a multifaceted approach, the World Citizenship Report employs the World Citizenship Index. TheWorld Citizenship Index is an innovative tool that takes a holistic approach to ranking the world's citizenships across multiple dimensions.

Moving beyond typical concepts of passport strength, the World Citizenship Index acknowledges the many reasons that people leave their countries, and the many reasons that people stay. This report is distinguished by placing a greater emphasis on the diverse attitudes regarding key facets of citizenship.   The World Citizenship Report measures 188 countries across five motivators that global citizens care most about – Safety and Security, Economic Opportunity, Quality of Life, Global Mobility and Financial Freedom.  

“We expect to see considerable change in the global landscape. Elections will bring about change, with the hope of positive innovation and a chance for enhanced geopolitical stability. The 2024 World Citizenship Report improves upon previouseditions, as we confront global challenges faced by global citizens head-on. Our Report has never been more relevant and important," concludes Micha Emmett, CEO of CS Global Partners.  

For overall rankings in the World Citizenship Report, the Republic of Ireland took first place. Ireland notably scored highly for its safe and stable society, growing economy, and financial freedom. The country is known for its lush natural environment,growth-centred economy and democratic stability.   Last year's top scorer (ranked third on this year's WCR), Denmark, also received top marks for Quality of Life, Financial Freedom, and Safety and Security.  

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Similar to last year's edition of the World Citizenship Report, the Quality of Life pillar was ranked most important among the five pillars, according to our survey of HNWIs. This indicates an enduring attachment to the things which often matter most in elections — often termed 'bread and butter issues.'

Politicians will need to consider these issues if they want to gain the support of the voting populace. Indeed, the Quality of Life pillar considers a nation's ability to give its citizens the things necessary for a high standard of living, including environmental quality, educational quality and healthcare quality. Monaco, Denmark and Hong Kong took the top three spots in the Quality of Life pillar. The United Kingdom scored highly, ranked sixth among all nations. The United States was ranked 29th.  

Like last year's report, African countries took the bottom 10 positions, with Somalia, Chad and South Sudan rounding out the worst-ranked countries.   The Safety and Security motivator assesses a country's social safety and security metrics, from governance to crime and beyond, considering the safety net the country provides against instability and disorder. Iceland took first place in the Safety and Security motivator, Switzerland came a close second place and Ireland took third place. Syria scored the lowest in this pillar.  

Safety and Security is of fundamental importance, particularly to HNWIs. As war continues to rage between Russia and Ukraine, and war broke out between Israel and Palestine, global citizens may be eager to seek countries which are peaceful andsecure. The World Citizenship Report provides a guide to the safest and most secure countries, also highlighting those that are most prone to warfare and discord.  

The Financial Freedom motivator measures the ability of a country to provide a favourable and stable regulatory climate for the establishment and functioning of businesses, as well as the holding of personal and business assets.   Denmark, Singapore and Switzerland took the first three spots in this pillar.   The World Citizenship Report survey of HNWIs found that in Europe and other economically more developed regions, HNWIs place greater emphasis on investments, portfolio diversification and wealth planning when considering second citizenship. 45.4 per cent of Europeans noted this as a priority.  

In contrast, regions such as Latin America which feature less robust economies emphasise work opportunities more than investments.   Only 24.1 per cent of Latin Americans noted investments, portfolio diversification and wealth planning as a priority.   The electoral scrutiny provided by the report stands as a necessary innovation to the Report's offering.

Todownload the 2024 World Citizenship Report visit: https://csglobalpartners.com/world-citizenship-report/











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