Adequacy of benefits (%) - Contributory Pensions in Armenia

Armenia: Adequacy of benefits (%) - Contributory Pensions was 37.5% in 2022. ▲ Rising

Latest (2022)
37.5%
Change on year
down 7.6%
World rank
20th
of 32 countries
All-time high
44.6%
in 2020
All-time low
26.9%
in 2008
Years of data
15
2008–2022

Adequacy of benefits (%) - Contributory Pensions in Armenia, 2008–2022

0102030402008201520222008: 26.92009: 33.32010: 33.62011: 33.32012: 34.22013: 31.72014: 32.62015: 33.32016: 33.62017: 35.92018: 36.62019: 39.32020: 44.62021: 40.62022: 37.5

Source: ASPIRE.

Analysis

Armenia recorded 37.5% for adequacy of benefits (%) - contributory pensions in 2022.

Compared with earlier readings it is down 7.6% on the previous year and up 9.7% over ten years.

Over the whole period, adequacy of benefits (%) - contributory pensions in Armenia peaked at 44.6% in 2020 and was at its lowest, 26.9%, in 2008.

That places Armenia 20th out of 32 countries with data for 2022, putting it in the middle of the range.

The long-run direction has been consistently rising across the 15 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 30.1% 26.9% 33.3% 2
2010s 34.4% 31.7% 39.3% 10
2020s 40.9% 37.5% 44.6% 3

Countries ranked near Armenia

  1. 17 Colombia 39.6% compare
  2. 18 Bolivia 39.5% compare
  3. 19 Pakistan 39.0% compare
  4. 21 Mexico 35.8% compare
  5. 22 Dominican Republic 35.3% compare
  6. 23 Ecuador 34.4% compare

See the full ranking of 33 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is adequacy of benefits (%) - contributory pensions in Armenia?
Adequacy of benefits (%) - contributory pensions in Armenia was 37.5% in 2022, according to ASPIRE.
What is the highest adequacy of benefits (%) - contributory pensions recorded in Armenia?
The highest recorded value was 44.6% in 2020.
What is the lowest adequacy of benefits (%) - contributory pensions recorded in Armenia?
The lowest recorded value was 26.9% in 2008.
How does Armenia rank for adequacy of benefits (%) - contributory pensions?
Armenia ranks 20th out of 32 countries with data for 2022.
Is adequacy of benefits (%) - contributory pensions rising or falling in Armenia?
Over the last ten years it is up 9.7%. The long-run trend across the full record is rising.
Where does this Armenia data come from?
The figures come from ASPIRE, published as part of Adequacy of benefits (%) - Contributory Pensions. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Adequacy of benefits (%) - Contributory Pensions
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
33 places, 342 data points, 2002–2023
Last refreshed

Total transfer amount received by all beneficiaries in a population group as a share of the total welfare of beneficiaries in that group