Aggregate replacement ratio for pensions (excluding other social) in Portugal

Portugal: Aggregate replacement ratio for pensions (excluding other social) was 0.68 in 2025. ▲ Rising

Latest (2025)
0.68
Change on year
up 11.5%
World rank
5th
of 35 countries
All-time high
0.7
in 2017
All-time low
0.56
in 2010
Years of data
16
2010–2025

Aggregate replacement ratio for pensions (excluding other social) in Portugal, 2010–2025

00.20.40.62010201720252010: 0.562011: 0.572012: 0.622013: 0.642014: 0.662015: 0.642016: 0.652017: 0.72018: 0.682019: 0.692020: 0.672021: 0.672022: 0.682023: 0.612024: 0.612025: 0.68

Source: Eurostat.

Analysis

In 2025, aggregate replacement ratio for pensions (excluding other social) in Portugal stood at 0.68.

Compared with earlier readings it is up 11.5% on the previous year and up 6.2% over ten years.

Over the whole period, aggregate replacement ratio for pensions (excluding other social) in Portugal peaked at 0.7 in 2017 and was at its lowest, 0.56, in 2010.

Portugal ranks 5th of 35 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 16 years of available data.

Aggregate replacement ratio for pensions (excluding other social) in Portugal, year by year

Annual values for Aggregate replacement ratio for pensions (excluding other social benefits) by sex in Portugal, 2010 to 2025.
Year Value Change
2010 0.56
2011 0.57 +1.8%
2012 0.62 +8.8%
2013 0.64 +3.2%
2014 0.66 +3.1%
2015 0.64 -3.0%
2016 0.65 +1.6%
2017 0.7 +7.7%
2018 0.68 -2.9%
2019 0.69 +1.5%
2020 0.67 -2.9%
2021 0.67 +0.0%
2022 0.68 +1.5%
2023 0.61 -10.3%
2024 0.61 +0.0%
2025 0.68 +11.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.641 0.56 0.7 10
2020s 0.6533 0.61 0.68 6

Countries ranked near Portugal

  1. 2 Spain 0.81 compare
  2. 3 Italy 0.8 compare
  3. 4 Greece 0.77 compare
  4. 6 Slovak Republic 0.62 compare
  5. 7 France 0.61 compare
  6. 7 United Kingdom 0.61 compare

See the full ranking of 38 places →

More reference data data for Portugal

All data for Portugal →

Frequently asked questions

What is aggregate replacement ratio for pensions (excluding other social) in Portugal?
Aggregate replacement ratio for pensions (excluding other social) in Portugal was 0.68 in 2025, according to Eurostat.
What is the highest aggregate replacement ratio for pensions (excluding other social) recorded in Portugal?
The highest recorded value was 0.7 in 2017.
What is the lowest aggregate replacement ratio for pensions (excluding other social) recorded in Portugal?
The lowest recorded value was 0.56 in 2010.
How does Portugal rank for aggregate replacement ratio for pensions (excluding other social)?
Portugal ranks 5th out of 35 countries with data for 2025.
Is aggregate replacement ratio for pensions (excluding other social) rising or falling in Portugal?
Over the last ten years it is up 6.2%. The long-run trend across the full record is rising.
Where does this Portugal data come from?
The figures come from Eurostat, published as part of Aggregate replacement ratio for pensions (excluding other social benefits) by sex. Statizoid updates them automatically from the source API.

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Aggregate replacement ratio for pensions (excluding other social) in Portugal. Statizoid, drawing on Eurostat. Retrieved 23 August 2026, from https://reference.statizoid.com/stat/aggregate-replacement-ratio-for-pensions-excluding-other-social-benefits-by-sex/portugal/

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About this data

Indicator
Aggregate replacement ratio for pensions (excluding other social benefits) by sex
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
38 places, 574 data points, 2010–2025
Last refreshed