The total private pension assets in Denmark have shown a fluctuating trend from 2013 to 2023, with values expressed in Billion US Dollars standing at 985.7 in 2023. Key year-on-year variations can be observed with notable increases such as a 17.94% rise in 2017 and a 15.8% rise in 2020, alongside declines like the 8.73% decrease in 2015. The 5-year compound annual growth rate (CAGR) from 2019 to 2023 was 7.74%, indicating substantial growth in recent years. Moving forward, the forecasted data from 2024 to 2028 suggest a continued positive trajectory, albeit at a slower pace, with a forecasted 5-year CAGR of 2.56% and an overall forecasted growth rate of 13.49%.
Future trends to watch for include:
- Potential impacts of economic fluctuations, inflation, and interest rates on pension asset growth.
- Regulatory changes or policy reforms that could affect private pension schemes.
- Demographic shifts, particularly aging populations, which may influence pension fund outflows and asset accumulations.
- Technological advancements in pension management and investment strategies.