Ecuador is the best country in the world to retire to, according to International Living’s Annual Global Retirement Index 2015.

The country gets top scores in the Buying and Renting and Climate categories and scores high across-the-board in all other categories.

Expats are drawn by the low cost of living, perfect climate, the beautiful and diverse landscapes and the favorable retiree benefits.

Benefits include senior discounts on flights out of Ecuador, 50% off entry to movies, sporting events, and discounts on public transport and utilities.

The country was also named the best country for expatriates last fall, among 14,000 respondents in a poll by InterNations, a network of expats around the world.

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Panama took second place on the retirement index for offering expat retirement programs and benefits that are among the best in the world.

Retirees who settle in Panama and can prove a lifetime pension of more than $1,000 USD a month, for instance, are eligible for a Pensionado visa that includes discounts for medical services, entertainment, restaurant meals, airfare, electricity and phone bills, editors noted.

Aside from Latin American countries, the top 10 list is also represented by Spain, Malta and Portugal in Europe and Malaysia and Thailand in Asia.

Here are the Top 10 destinations for expat retirees:

1. Ecuador
2. Panama
3. Mexico
4. Malaysia
5. Costa Rica
6. Spain
7. Malta
8. Colombia
9. Portugal
10. Thailand