Thailand has been named one of the "25 Best Places to Retire" by International living in its Annual Global Retirement Index for 2022.

'The Land of Smiles' is ranked 11th in the report with an average score of 72.9, making it Asia's top place to retire. Malaysia has ranked 15th received an average score of 72.

Bangkok, Chiang Mai, and Hua Hin are popular Thai cities among retirees.

The report has said that a single person can live in Thailand for around the US $ 1,000 a month, and apartment rentals can cost around US$(US$=RM4.19) to US$500 a month.

Panama has also taken the number one spot in the Annual Global Retirement Index for 2022 as the world's safest and most affordable and welcoming country, with an average score of 86.1.

Costa Rica is in second place, while Mexico is third, followed by Portugal, Ecuador, Colombia, France, Malta, Spain, and Uruguay.

The international living has said the countries ranked based on the score has given across ten categories including cost of living, housing, visas and residence, development, healthcare, climate, unique benefits, and governance.

"International Living editors compile, rank and rate a series of criteria including the cost of living, buying and investing, healthcare, fitting in, special benefits, climate, etc. This is a qualitative assessment based on real-world date gathered on the ground," it said.

International Living is a print and online media publication that provide a scope and depth of information about the best places in the world to live, retire, travel, and invest.