Page 64 - BES2016_ING

Individual Pension System 2016 Progress Report

2.1 Worldwide Pension Funds

Pension Funds in Selected OECD Countries
Ratio to Gross Domestic Product

Netherlands The ratio of the total value of pension
Iceland funds to the Gross Domestic Product
(GDP) is the most basic indicator for
Switzerland pension funds.
Australia
2015
United Kingdom
Weighted Average In 2015, only four OECD countries
2014 pension funds to GDP ratio has reached
Canada
United States over than 100%. These countries are the
2013 Netherlands (178.4%), Iceland (149.6%),
Chile 2012 Switzerland (123.0%) and Australia
Israel
Finland (118.7%).
Ireland
Denmark In order for the OECD to fall under the
Simple Average “mature” pension fund market, the total
Japan value of the pension fund assets of the
New Zealand country must exceed 10% of the GDP
Mexico ratio. Only thirteen of the selected thirty-
Estonia five countries are within this scope.
Slovak Republic
Portugal The ratio of retirement mutual fund assets
Spain to GDP in Turkey is 5.5% for 2015.
Norway
Sweden Countries with data for the years 2015, 2014, 2013
Czech Republic and 2012 are presented in the Figure.
Korea
G.2 G.1 Poland Source: OECD Pension Markets in Focus, Issue 13.
Italy
Germany 25 50 75 100 125 150 175 200 Key ranking is made by decreasing GDP ratios of
Austria
Belgium
Turkey
Slovenia
Hungary
Luxembourg
Latvia
France
Greece

0

As a (%) of GDP countries, in 2015.

Geographical Distribution of Total Investment of Pension Funds
in OECD Countries

Other The sum of pension funds assets of selected OECD countries
Switzerland 7.0% reached USD 24,788,168 million at the end of 2015.

3.2% In absolute terms, the United States still owned the majority of
assets under management of all the OECD countries, with assets
Canada worth USD 14.5 trillion in 2015.
4.8%
In relative terms however, the weight of assets held by pension
Netherlands funds in the United States has been gradually shrinking, from nearly
5.3% 67.6% of total pension assets in the OECD in 2001 to 57.5% in 2015.
The United Kingdom takes the second place in 2015 with 10.9% of
Japan ABD OECD assets, followed by Australia (5.9%), Japan (5.4%) and the
5.4% 57.5% Netherlands (5.3%), Canada (4.8%) and Switzerland (3.2%). The
share of assets held by pension funds in the other OECD countries
Australia UnKiitne1gd0d.9o%m increased progressively, from 3.8% in 2001 to 7.0% in 2015.
5.9%

Source: OECD Pension Markets in Focus. Issue 13.

Pension Mutual Funds and State Contribution Funds 62