Aggregate replacement ratio for pensions (excluding other social benefits) by sex by country
Countries reporting
36
Highest
0.88
Luxembourg
Lowest
0.3
Albania
Median
0.505
Years covered
16
2010–2025
Data points
574
What the numbers show
Aggregate replacement ratio for pensions (excluding other social benefits) by sex is currently reported for 36 countries. The highest value is 0.88 in Luxembourg; the lowest is 0.3 in Albania.
The median across all reporting countries is 0.505, and the mean is 0.5367.
The gap between the highest and lowest reporting country is a factor of about 3.
Over the past decade 14 countries rose and 20 fell. The largest increase was in Spain (up 24.6%), and the largest decrease in Türkiye (down 47.2%).
Aggregate replacement ratio for pensions (excluding other social): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 0.88 | 2025 | up 17.3% | rising |
| 2 | Spain | 0.81 | 2025 | up 24.6% | rising |
| 3 | Italy | 0.8 | 2025 | up 19.4% | rising |
| 4 | Greece | 0.77 | 2025 | up 18.5% | rising |
| 5 | Portugal | 0.68 | 2025 | up 6.2% | rising |
| 6 | Türkiye | 0.67 | 2025 | down 47.2% | falling |
| 7 | Slovakia | 0.62 | 2025 | down 1.6% | rising |
| 8 | France | 0.61 | 2025 | down 10.3% | falling |
| 8 | United Kingdom | 0.61 | 2018 | up 19.6% | rising |
| 10 | Poland | 0.6 | 2025 | down 1.6% | flat |
| 10 | Iceland | 0.6 | 2020 | up 20.0% | rising |
| 12 | Sweden | 0.59 | 2025 | up 1.7% | flat |
| 13 | Austria | 0.56 | 2025 | down 8.2% | flat |
| 13 | Netherlands | 0.56 | 2025 | up 12.0% | rising |
| 15 | Norway | 0.55 | 2025 | down 15.4% | flat |
| 16 | Czechia | 0.53 | 2025 | up 1.9% | falling |
| 16 | Finland | 0.53 | 2025 | down 1.9% | flat |
| 18 | North Macedonia | 0.51 | 2024 | down 21.5% | falling |
| 19 | Switzerland | 0.5 | 2024 | up 13.6% | rising |
| 20 | Hungary | 0.49 | 2025 | down 23.4% | falling |
| 20 | Estonia | 0.49 | 2025 | up 4.3% | falling |
| 22 | Germany | 0.48 | 2025 | down 4.0% | falling |
| 22 | Belgium | 0.48 | 2025 | down 2.0% | flat |
| 24 | Malta | 0.47 | 2025 | down 14.5% | rising |
| 24 | Romania | 0.47 | 2025 | down 27.7% | falling |
| 26 | Bulgaria | 0.46 | 2025 | up 9.5% | falling |
| 26 | Denmark | 0.46 | 2025 | down 2.1% | rising |
| 28 | Montenegro | 0.44 | 2023 | up 7.3% | flat |
| 29 | Latvia | 0.43 | 2025 | unchanged | falling |
| 29 | Serbia | 0.43 | 2025 | down 4.4% | falling |
| 31 | Cyprus | 0.41 | 2025 | down 6.8% | flat |
| 31 | Slovenia | 0.41 | 2025 | down 14.6% | falling |
| 33 | Ireland | 0.38 | 2025 | down 15.6% | falling |
| 34 | Croatia | 0.37 | 2025 | unchanged | rising |
| 34 | Lithuania | 0.37 | 2025 | down 19.6% | falling |
| 36 | Albania | 0.3 | 2023 | down 31.8% | falling |