In 2024, European households' defined contribution plans show significant variability across countries. Spain leads with 142.63 billion Euros, reflecting a 6.06% increase from 2023. Austria follows with 18.17 billion Euros, up 2.11%, while Lithuania experienced a substantial growth of 16.07%, reaching 6.8 billion Euros. Latvia saw a modest increase of 4.77% to 4.75 billion Euros. Conversely, Luxembourg decreased by 21.1% to 0.1993 billion Euros, and Estonia dropped by 100%, effectively exiting the market. Over the past five years, the CAGR indicates stable growth in Spain, moderate increases in Austria and Lithuania, while Latvia shows actionable growth opportunities.
Future trends to watch include:
- The expansion potential in emerging markets like Lithuania and Latvia.
- The impact of economic policy changes in Spain, which might affect overall growth.
- Market re-entry or alternative strategies in Luxembourg and Estonia due to significant declines.
Top countries in Households Defined Contribution Plans by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 142,630 | 2023 | +9.12% | +6.06% | View data |
| 2 | 2 Austria | 18,170 | 2023 | +2.32% | +2.11% | View data |
| 3 | 3 Lithuania | 6,800 | 2023 | +16.72% | +16.07% | View data |
| 4 | 4 Latvia | 4,750 | 2023 | +4.47% | +4.77% | View data |
| 5 | 5 Luxembourg | 199.3 | 2023 | +4.35% | -21.1% | View data |
| 6 | 6 Estonia | 23 | 2023 | -64.18% | View data |
