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Contributions income of statutory pension insurance in Germany: Raise in 2016

According to figures presented by German Insurance Association, pension insurance revenue barely climbed by 3.97 percent in comparison to the prior year. It's the highest number ever observed since 2007 as pension insurance revenue went up slightly from 206.6 billion Euros to 214.8 billion Euros, as it follows the tendency of the previous year when it grew by 2.84%. Germany saw a raise of 22.95% in pension insurance revenue during the last 10 years. Likewise, it has had an increase at a 0.02 percent average annual growth rate during the five years with a modest overall rise since the 2007. It averaged 191.66 billion Euros from 2007 to 2016 and it hit its minimum of 174.7 billion Euros in 2007.

Contributions income of statutory pension insurance in Germany: Raise in 2016
Date Billion Euros Variation
2016 214.80 3.97
2015 206.60 2.84
2014 200.90 3.77
2013 193.60 0.36
2012 192.90 2.06
2011 189.00 2.49
2010 184.40 2.1
2009 180.60 0.84
2008 179.10 2.52
2007 174.70 N/A

Related Statistics

Main Pension Indicators

  • Life Expectancy At Age 65

    Average number of years that a person at that age can be expected to live, assuming that age-specific mortality levels remain constant. Based on: Organisation of Economic Co-operation and Development.

  • Public Pension Spending

    All public cash expenditures (including lump-sum payments) on old-age and survivors pensions. Old-age cash benefits provide an income for persons retired from the labour market or guarantee incomes when a person has reached a 'standard' pensionable age or fulfilled the necessary contributory requirements. This category also includes early retirement pensions: pensions paid before the beneficiary has reached the 'standard' pensionable age relevant to the programme. It excludes programmes concerning early retirement for labour market reasons. Usually measured in percentage of GDP. Based on: Organisation for Economic Co-operation and Development.

  • Early Retirement

    Situation when an individual decides to retire earlier and draw the pension benefits earlier than their normal retirement age. Based on: Organisation for Economic Co-operation and Development.

  • Pension Funds Number

    Number of pension funds in a country at a given date. Pension funds are pools of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. They take the form of either a special purpose entity with legal personality (such as a trust, foundation, or corporate entity) or a legally separated fund without legal personality managed by a dedicated provider (pension fund management company) or other financial institution on behalf of the plan/fund members. Based on: Organisation for Economic Co-operation and Development.

  • Pension Claims

    Amount payable by a pension fund arising from the occurring of certain life events, usually expressed in millions or billions of national currency. Pension funds are pools of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Based on: Organisation for Economic Co-operation and Development.

  • Pension Gross Written Premium

    Total premium on insurance underwritten by a pension fund during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the pension insurance industry in a given country. Usually measured in millions or billions of national currency. Pension funds are pools of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Based on: Organisation for Economic Co-operation and Development. Based on: US National Association of Insurance Commissioners.

  • Pension Insurance Revenue

    Revenue generated by pension insurance, usually expressed in millions or billions of national currency. Pension funds are pools of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Based on: Organisation for Economic Co-operation and Development.

  • Pension Insurance Coverage

    Percentage of population covered by pension insurance. Pension funds are pools of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Based on: Organisation for Economic Co-operation and Development.