The Pace Passport Index
Discover the true value of your passport. Beyond just counting visa-free destinations, we consider where travelers really want to go. Understand why visa-free access to the U.S. or China might be more valuable than others. Not all countries hold the same allure for travelers: for instance, while France welcomed over 66.6 million visitors in 2022, Sri Lanka saw only 719,978. Our index prioritizes destinations by their real-world appeal, offering a more nuanced perspective on passport power. Where do you want to go?
Top 10 Passports
#1: Japan
Japan has the third-largest economy and the tenth largest population in the world. The nation consists of more than 6,800 smaller islands in addition to the four main islands of Honshu, Hokkaido, Kyushu, and Shikoku. Tokyo, Japan’s capital and largest city, is the location of the Imperial Palace, the seat of the country’s government, and the residence of the Japanese Emperor. Japan has a ban on dual citizenship; if a Japanese citizen acquires the nationality of a foreign country at their own choice, that Japanese citizen loses Japanese nationality. The Japanese passport is ranked number one on the Pace Passport Index as it allows its holders visa-free entry to many countries including the EU and the USA, making it a “triple threat” passport.
#2: Singapore
Singapore is situated in Southeast Asia at the southernmost point of the Malay Peninsula. It is a lively and multicultural country with English, Malay, Tamil, and Chinese as its four official languages. Singapore is well-known across the world for its effective and contemporary infrastructure, superb airport, as well as a thriving financial and business district. Singapore is one of the safest nations in the world due to its rigorous laws and regulations. Dual citizenship is not permitted in Singapore, thus if you decide to acquire the Singaporean citizenship, you will need to renounce any other citizenship you may hold. Singapore passport holders are granted visa-free travel to the triple threat nations; US, EU, and China in addition to countless other nations as well, which places Singapore high on our index.
#3: San Marino
San Marino is a small, landlocked country located in Southern Europe, surrounded by Italy. It is the oldest surviving sovereign state and constitutional republic in the world, having been founded on 3rd September 301. The population of San Marino is approximately 33,000, with the official language being Italian. It is a member of the United Nations and has an area of 61 square kilometers. San Marino is known for its natural beauty, and its economy is supported by its tourism and banking industries. Dual citizenship is not recognized in San Marino, and anyone who acquires a foreign citizenship forfeits their San Marino citizenship. San Marino passport holders may travel to many nations including the three major economies; the EU, USA, and China. Since the San Marino Passport is a triple-threat passport, it ranks 3rd on our index.
#4: Brunei
The Southeast Asian country of Brunei is small and is surrounded by Malaysia and the South China Sea. It is the only sovereign nation that occupies the entire Borneo Island. The nation, which belongs to the ASEAN, is well-known for its riches and natural resources, including oil and gas. These resources are the key drivers of the economy, and the nation boasts the second-highest GDP (Gross Domestic Product) per capita in the world.
Cost of living in Brunei is, on average, 25% lower than in United States. The average rent in Brunei is 62.3% less than it is in the US. With an average yearly income of $30,320 USD, Brunei is one of the high-income countries and is among the top 20 richest nations in the world when measured by purchasing power parity.
Brunei offers an array of educational possibilities. Education in Brunei is free throughout, even at foreign universities, however it is not required. All costs associated with education are free, including food, housing, textbooks, and transportation.
Dual Citizenship: Brunei citizens are forbidden to hold other citizenships as the nation does not recognize dual citizenship, however, its passport holders have access to visa-free travel into the USA, EU, China along with many other nations.
#5: South Korea
South Korea shares a border with North Korea. The East Asian country has approximately 51 million residents and is situated on the Korean peninsula. South Korea has a robust economy that is heavily reliant on exports.
When compared to other industrialized nations, the cost of living is very inexpensive, making it a great place for expats to live comfortably without breaking the bank. As one of Asia’s most affordable countries to live in, average living expenses in South Korea are 8.5% lower than those in the US. The average rent in South Korea is 60.6% less than it is in the US.
South Korea is ranked 5th on our passport index because not only is dual citizenship permitted in South Korea, but its passport holders are also granted visa-free travel to the EU, USA, and China, in addition to countless other nations.
#6: Bahamas
The Bahamas is a nation made up of 700 islands and cays in the Caribbean Sea. It is renowned for its stunning beaches, azure oceans, and thriving culture. The Bahamas is a well-liked vacation spot with activities like sailing, fishing, snorkeling, and swimming available. A terrific location to unwind and take in the natural beauty of the Caribbean. To become a citizen of the Bahamas you must give up your prior nationality. Dual citizenship acquired due to being born abroad may be kept until age 21. When reaching the age of 21, the individual has a year to renounce their foreign citizenship. The Bahamian passport is ranked 6th on our index because Bahamian passport holders may travel visa-free to the EU and China, however, are required to attain a visa when travelling to the USA.
#7: New Zealand
The North and South Islands are the two main islands that make up the nation of New Zealand, which is situated in the South Pacific Ocean. This lovely nation is renowned for its breathtaking scenery, which include rolling green hills, towering mountains, and glistening blue lakes. Aside from its distinctive biodiversity, which includes the flightless kiwi bird, New Zealand is also renowned for its lively Māori culture and its diverse wildlife. The outdoors in New Zealand are ideal for sports like bungee jumping, kayaking, and skiing. Dual citizenship is permitted in New Zealand and its passport holders may travel to all the triple threat economies; USA, EU, and China in addition to many other nations.
#8: Chile
Chile is situated along South America’s western coast. The Pacific Ocean, Peru, Bolivia, and Argentina are its neighbours on the east and north, respectively. Chile’s long, thin shape and vast range of altitudes result in a diversified climate and geography. The nation is renowned for its jaw-dropping natural splendour with towering mountains, deserts and rivers. Santiago, the nation’s capital, is a dynamic metropolis with a deep cultural history. Chile’s economy is one of the most stable in Latin America and has a strong export base. As dual citizenship is permitted in Chile, foreigners who attain Chilean citizenship are allowed to keep their prior nationality.
#9: Andorra
In the eastern Pyrenees mountains, Andorra is located between France and Spain. It is one of the smallest countries in the world with a total area of approximately 181 square miles and a population of about 85,000. The official language of Andorra, a parliamentary constitutional democracy, is Catalan. Andorra’s economy is mostly driven by tourism, and the country’s landscape is characterised by high terrain, including some of the highest mountains in the Pyrenees. Andorra is highly known for both its duty-free shopping and ski resorts. Andorra does not recognize dual citizenship so you must give up your prior nationality to attain Andorran citizenship.
#10: European Union
Countries ranked #10-#12 in the index are all countries in the European Union. 28 member states, mostly in Europe, make up the European Union, which combines economic and political power. Supranationalism and intergovernmentalism coexist in the hybrid operating framework of the EU. It has a customs union, a single market for goods and services, and the euro as its official currency. The EU is the largest exporter of manufactured goods and services globally and the largest market for imports for more than 100 nations. One of the pillars on which the EU was founded was free trade among its members. The EU is a big participant in world affairs and has a significant impact on the economy globally. Additionally, it is home to some of the most developed economies and dynamic cultural scenes in the world. Most EU countries permit dual citizenship, whereas others have restrictions in place, and a few EU nations even prohibit their citizens from attaining dual citizenship.
Global Ranking
Discover the World with Visa-Free Travel
Experience the beauty and convenience of visa-free travel. Say goodbye to the prolonged visa applications, potential denials, and the burden of paperwork. Instead, focus on capturing memories and exploring the globe with newfound freedom. Visa-free travel is all about spontaneous adventures and effortless journeys.
Key Benefits of Visa-Free Travel:
1. Hassle-Free Exploration
- Visit countries without the need for a visa application.
- Enjoy reduced fees and wait times.
2. Global Business Opportunities
- Seamlessly attend global conferences, explore markets, and establish partnerships.
- Boost economic growth, job creation, and enhance business prospects.
3. Empowering Students and Professionals
- Easily access educational institutions and global job markets.
- Attend overseas conferences, workshops, and interviews without visa hassles.
Please note, the exact perks of visa-free travel may vary based on individual country policies and immigration laws. Some countries might still require additional documentation or security checks even with relaxed visa rules.
The Prestige of Triple-Threat Passports
In 2023, the global powerhouses – the United States, the European Union, and China – stand tall. The Pace Passport Index highlights the significance of passports granting visa-free access to all three regions. Only 44 nations offer this privilege, and these “triple-threat” passports are highly coveted on the Index.
Aiming for a Superior Passport?
For those with top-ranking passports on our Index, the world is truly their oyster. But what if your passport doesn’t score as high? The possibility of acquiring a better one is real. Some countries offer citizenship or residency through investment. To guide you, Pace presents a detailed list (see page 18) featuring the best passports accessible via such programs. Consider factors like the program’s cost, duration, and the value of the nation’s passport before making a choice.
It’s About Passport Power, Not Citizenship
Our index is dedicated to evaluating passports for international travel potential, not the quality of citizenship or life in respective countries. We objectively assess the allure of visa-free travel to various destinations. While you may have your opinions, our mission remains – to value each passport based on the destinations its holders can easily access.
Passport Rankings: An Advanced Perspective with the Pace Index
While many indices rank passports based on visa-free access to other nations, the unique data provided by the International Air Transport Association (IATA) has broadened this perspective. Covering 199 passports and 227 travel destinations, these rankings are continually updated to mirror visa requirement shifts.
Traditional Ranking vs. The Pace Index
Traditionally, passport rankings simply calculate the number of accessible countries, implying that all destinations are of equal importance. However, should a passport providing access to several developed countries not carry more value than one focusing on developing nations? Enter the Pace index.
How Does the Pace Index Work?
The Pace index adds depth to the evaluation. Here’s how:
- Weighted Scoring: Countries are scored on a scale of 1 to 10, with 75% weightage on GDP and 25% on tourism.
- Simplicity with Depth: While the method is simple, it introduces thoughtful complexity. For example, to negate the COVID impact, 2019’s tourism statistics are used. This ensures a passport’s overall appeal is gauged, independent of specific temporal fluctuations.
- Transparency: Setting itself apart, the Pace index offers complete transparency. Using publicly accessible data, and with openly available code for data cleaning and analysis, the methodology stands open for scrutiny.
Challenges Faced
While the Pace index offers a detailed perspective, it’s not without its challenges:
- Data Availability: Accurate GDP and tourism statistics aren’t available for all nations, leading to exclusions.
- Focus on Passport, Not Country: The goal is to rate the passport’s value, not necessarily the nation’s overall appeal.
Dig Deeper
Interested in a deeper dive? Our methodology, data, and code are open for review and replication. Explore, test hypotheses, or even find potential oversights in our process. Access all the details here.
Elevate your understanding of passport rankings with the Pace index, where travel potential meets comprehensive analysis.
Citizenship by Investment (CBI)
CBI programs let individuals gain citizenship through significant investments, such as real estate, financial assets, or development funds. Applicants must pass a background check and prove financial stability. The investment often has a required duration in the country. Benefits include enhanced travel, superior education options, and global trade advantages. While few countries offer easily obtainable passports through CBI, the Pace Index can guide investors in selecting the ideal passport.
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Phone: 1-877-236-3060
Fax: 416-236-1809