Pension replacement rate by country
United States: 51.3% in 2024, 29th of 38 OECD members (highest first). 38th of all 50 with data.
Highest: 
China (103.6%, 2024) · Lowest: 
South Africa (8.9%, 2024) · 50 countries and territories with data.
Mandatory pensions received after retirement by someone who worked on average earnings, as a share of their net earnings before retirement. OECD modelling, published every two years.
Ranking
Latest value for each country (within 5 years).
Over time
United States: rank over time
Rank among the countries with data in each year (highest first).
World ranking (highest first)
| Rank | Country | Value | Year |
|---|---|---|---|
| 1 | China | 103.6% | 2024 |
| 2 |  Brazil | 97.5% | 2024 |
| 3 |  Türkiye | 96.4% | 2024 |
| 4 |  Netherlands | 96.0% | 2024 |
| 5 |  Portugal | 92.7% | 2024 |
| 6 |  Greece | 88.5% | 2024 |
| 7 |  Luxembourg | 87.7% | 2024 |
| 8 |  Austria | 86.8% | 2024 |
| 9 |  Romania | 86.7% | 2024 |
| 10 |  Spain | 86.3% | 2024 |
| 11 |  Mexico | 79.6% | 2024 |
| 12 |  Saudi Arabia | 79.6% | 2024 |
| 13 |  Italy | 79.0% | 2024 |
| 14 |  Argentina | 78.6% | 2024 |
| 15 |  Hungary | 78.0% | 2024 |
| 16 |  Denmark | 77.1% | 2024 |
| 17 |  Slovakia | 76.3% | 2024 |
| 18 |  Cyprus | 75.8% | 2024 |
| 19 |  Bulgaria | 75.3% | 2024 |
| 20 |  Colombia | 73.1% | 2024 |
| 21 |  Malta | 72.3% | 2024 |
| 22 |  Slovenia | 71.3% | 2024 |
| 23 |  France | 70.0% | 2024 |
| 24 |  Costa Rica | 69.5% | 2024 |
| 25 |  Sweden | 66.3% | 2024 |
| 26 |  Finland | 65.7% | 2024 |
| 27 |  Chile | 61.3% | 2024 |
| 28 |  Belgium | 61.1% | 2024 |
| 29 |  Czechia | 55.9% | 2024 |
| 30 |  Indonesia | 55.6% | 2024 |
| 31 |  Norway | 54.9% | 2024 |
| 32 |  Israel | 54.4% | 2024 |
| 33 |  United Kingdom | 54.2% | 2024 |
| 34 |  Germany | 53.3% | 2024 |
| 35 |  Iceland | 53.3% | 2024 |
| 36 |  Australia | 53.0% | 2024 |
| 37 |  Latvia | 52.2% | 2024 |
| 38 |  United States | 51.3% | 2024 |
| 39 |  Croatia | 50.5% | 2024 |
| 40 |  Switzerland | 47.5% | 2024 |
| 41 |  Canada | 45.1% | 2024 |
| 42 |  India | 44.6% | 2024 |
| 43 |  New Zealand | 43.8% | 2024 |
| 44 |  Japan | 42.4% | 2024 |
| 45 |  Poland | 40.6% | 2024 |
| 46 |  South Korea | 38.9% | 2024 |
| 47 |  Estonia | 37.8% | 2024 |
| 48 |  Ireland | 33.7% | 2024 |
| 49 |  Lithuania | 28.2% | 2024 |
| 50 | South Africa | 8.9% | 2024 |
Source: OECD Data Explorer, Pension replacement rates (OECD). License: CC BY 4.0. Data retrieved: 2026-10-28.
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