Pension expenditure projections (baseline scenario) (for sub-theme public finance sustainability)

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The pension expenditure indicator includes gross public pensions (i.e. before taxes and compulsory social security contributions) as a percentage of GDP. It is the sum of different categories of pension benefits, some of which (for example, disability pensions) may be paid to people who have not reached the standard retiring age. The projections are made on the basis of Eurostat's population projection - EUROPOP2010 - and commonly agreed underlying economic assumptions that have been prepared by the European Commission (DG ECFIN) and the Economic Policy Committee (Ageing Working Group).

Eurostat, http://ec.europa.eu/eurostat/web/products-datasets/-/tsdde520, Retrieved on 17.12.2014

Data host:

Eurostat

Unit of Measurement:

Percentage of GDP (%)

Link to Data:

http://ec.europa.eu/eurostat/tgm/table.do

Type of Indicator source:

Intergovernmental Organisation

Data availability

Geographical Level:

National

Temporal Coverage:

2010 to 2060

Frequency of Updates:

every 3-5 years

Cost of accessing data:

free of charge

Related indicators

Same/similar indicators appears in the following sets:

EU Eurostat SDI Indicators

Indicator relation:

Indicator:

Burden of Retired Population

Type of relation:

Similar indicator

Indicator developer:

Eurostat

Aggregation level of indicator:

Index or Composite

Indicator quality

Methodological transparency:

Complete methodology available

Link to Methodology:

The 2015 Ageing Report: Underlying Assumptions and Projection Methodologies

Data quality assesment:

assessed by international institution including WTO, OECD

Interpretation aid

Contribution to the green economy:

This indicator is rather complex and a simple, one-directional interpretation cannot be given in regard to whether it is positive or negative. An increase in spending is generally associated with an ageing population, which is neither positive nor negative for a transition towards a Green Economy.

Potential misinterpretation:

Changes in pension expenditure should be analyzed along with GDP in order to be meaningful.

Related Indicator:

GDP per capita in PPS

Potential misinterpretation:

The indicator does not show whether people are contribution to pensions or not. Another indicator should be used to assess how well the population is preparing for retirement.

Related Indicator:

Income from Pensions

Potential misinterpretation:

The indicator does not show whether people are contribution to pensions or not. Another indicator should be used to assess how well the population is preparing for retirement.

Related Indicator:

Old-Age Provisions Beside the Compulsory State Pension Scheme

Indicator theme

Topic:

Income and wealth equality

Topic:

Future availability and quality of social structure

Topic:

Intergenerational equality

Topic:

Social Justice

Topic:

Intragenerational equality

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Pension expenditure projections (baseline scenario) (for sub-theme public finance sustainability)

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