The analysis of Global Total Private Pension Assets by country reveals that the United States leads significantly with assets valued at $40.211 trillion in 2023, followed by the United Kingdom at $3.7625 trillion, and the Netherlands at $2.3363 trillion. Japan and Switzerland also hold substantial assets but at a lower magnitude of $1.9765 trillion and $1.1797 trillion, respectively. Emerging markets like Nigeria and Kenya show smaller asset values but have experienced growth. Developed nations followed relatively moderate growth rates, with New Zealand and Liechtenstein showing notable increases in percentage terms.
Over the past year, New Zealand saw the highest year-on-year growth in pension assets at 13.9%, followed by Liechtenstein at 15.01%, and Mauritius at an impressive 45.36%. On the contrary, Zambia and Angola experienced a significant decline, indicating economic instability affecting their pension assets negatively.
Future trends to watch for include the potential for emerging markets like Nigeria, Kenya, and Chile to increase their global share of private pension assets, driven by economic growth and reform. The United States and other developed nations will continue to dominate, but the clear trend shows a diversification as smaller economies develop their pension systems further.
Top countries in Total Private Pension Assets by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 40,211,000 | 2023 | +4.74% | +7.75% | View data |
| 2 | 2 United Kingdom | 3,762,500 | 2023 | +1.7% | +7.35% | View data |
| 3 | 3 Netherlands | 2,336,300 | 2023 | +4.33% | +8.71% | View data |
| 4 | 4 Japan | 1,976,500 | 2023 | +2.7% | +3.14% | View data |
| 5 | 5 Switzerland | 1,179,700 | 2023 | +1.53% | +3.45% | View data |
| 6 | 6 South Korea | 682,400 | 2023 | +6.31% | +8.44% | View data |
| 7 | 7 Italy | 273,400 | 2023 | +5.19% | +6.69% | View data |
| 8 | 8 Chile | 250,180 | 2023 | +3.76% | +5.31% | View data |
| 9 | 9 Finland | 200,870 | 2023 | +2.94% | +5.74% | View data |
| 10 | 10 New Zealand | 104,160 | 2023 | +8.6% | +13.9% | View data |
