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Pensions at a Glance 2013 - © OECD 2013
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CHAPTER 8 PRIVATE PENSIONS AND PUBLIC PENSION RESERVES "8.6. Assets in pension funds and public pension reserve funds in OECD countries, 2011"
8.6. Assets in pension funds and public pension reserve funds in OECD countries, 2011
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Version 1 - Last updated: 16-Oct-2013
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This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
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8.6. Assets in pension funds and public pension reserve funds in OECD countries, 2011
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As a percentage of GDP and in millions of USD
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Pension fundsPublic pension reserve funds
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% of GDPUSD m.% of GDPUSD m.
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OECD members
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Australia (1,2)93.21,345,5065.075,366
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Austria4.920,534n.a.n.a.
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Belgium4.221,7405.025,574
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Canada (3)63.71,106,09110.9189,755
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Chile58.5145,5121.94,750
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Czech Republic6.514,019n.a.n.a.
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Denmark49.7165,741n.a.n.a.
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Estonia5.31,577n.a.n.a.
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Finland75.0199,809n.a.n.a.
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France0.36,9544.3119,520
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Germany (4)5.5195,358n.a.n.a.
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Greece0.0102n.a.n.a.
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Hungary3.85,287n.a.n.a.
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Iceland128.718,089n.a.n.a.
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Ireland (5)46.2100,5568.618,658
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Israel49.4120,101n.a.n.a.
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Italy4.9106,889n.a.n.a.
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Japan (6)25.11,470,35023.21,360,686
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Korea4.549,72128.2314,917
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Luxembourg1.91,156n.a.n.a.
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Mexico12.9149,0100.11,539
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Netherlands135.51,134,726n.a.n.a.
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New Zealand (1)15.824,7348.814,046
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Norway (7)7.435,9775.024,410
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Poland15.077,4330.84,325
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Portugal7.718,4105.212,340
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Slovak Republic8.48,065n.a.n.a.
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Slovenia (8)2.91,666n.a.n.a.
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Spain7.8116,3556.292,928
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Sweden9.249,63525.0134,620
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Switzerland110.7703,448n.a.n.a.
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Turkey4.132,090n.a.n.a.
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United Kingdom95.82,313,484n.a.n.a.
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United States72.210,839,88917.82,677,925
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OECD3473.820,600,01318.95,071,358
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Other major economies
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Argentina (9)0.0010.846,566
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Brazil13.8308,240n.a.n.a.
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EU-27........
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China........
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India (10)0.22,848....
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Indonesia1.815,058....
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Russian Federation (11)3.254,740n.a.n.a.
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Saudi Arabia........
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South Africa (12)82.5300,276n.a.n.a.
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Note: "OECD34" represents the weighted average of funds' assets as a % of GDP or total funds' assets in millions of USD for countries for which data are shown.
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1. Data for pension funds refer to the end of June of each year.
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2. State governments are believed to have some reserves set aside but these reserves are not included because they are too difficult to determine.
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3. Data refer to Canada Pension Plan Investment Board and Quebec Pension Plan.
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4. Data refer to Pensionskassen and Pensionsfonds.
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5. The source for pension funds’ data is the IAPF Pension Investment Survey. The value for the Irish Public Pension Reserve Fund includes both the discretionary portfolio and the directed portfolio (investment into Irish banks).
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6. The source for pension funds’ data is Bank of Japan.
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7. The Government Pension Fund – Global, which was previously a sovereign wealth fund called the Government Petroleum Fund, draws its funding from oil revenues and has a mandate that goes beyond financing pension expenditures; so it is not classified as a sovereign pension reserve fund. The figure in this table, therefore, only refers to the Government Pension Fund – Norway, formerly the National Insurance Scheme Fund (5.0%). By contrast the total assets of the larger Government Pension Fund – Global, would amount to 121.7% of GDP.
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8. Pension funds' data only refer to mutual pension funds under the supervision of the Securities Market Agency of Slovenia.
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9. In 2008, a pension reform diverted pension funds' assets to the National Social Security Administration.
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10. Data refer to PFRDA regulated funds only.
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11. Source: Ministry of Finance. Data only refer to the mandatory part of the Russian system.
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12. Data refer to 2010.
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Source: OECD Global Pension Statistics.
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OECD (2013), Pensions at a Glance 2013: Retirement-Income Systems in OECD and G20 Countries
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www.oecd.org/pensions/pensionsataglance.htm