Which country has the largest pension fund in the world: top-10
Global pension funds have set a record in asset volume: by the end of 2024, their total value reached 24.4 trillion dollars. This is the highest figure in history, according to the Top 300 Pension Funds report prepared by the Thinking Ahead Institute in collaboration with Pensions & Investments. This was reported by RankiaPro.
Despite the record, the growth rate has slowed down: in 2024, assets rose by 7.8%, whereas a year earlier it was 10%. Moreover, for the first time, the 20 largest pension funds in the world control over 10.3 trillion dollars, or 42.4% of the total volume of the top-300.
The leader of the ranking is the Norwegian Government Pension Fund, which surpassed the Japanese Government Pension Investment Fund and topped the global list for the first time in two decades.
Top-10 Largest Pension Funds in the World
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Government Pension Fund (Norway) — 1.77 trillion dollars
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Government Pension Investment Fund (Japan) — 1.64 trillion
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Federal Retirement Thrift (USA) — 954 billion
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National Pension Fund (South Korea) — 820 billion
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ABP (Netherlands) — 560 billion
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CalPERS (USA) — 542 billion
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Canada Pension Plan (Canada) — 497 billion
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Central Provident Fund (Singapore) — 446 billion
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National Social Security Fund (China) — 366 billion
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Teachers’ Retirement System of California (USA) — 354 billion.
North America holds nearly half (47.2%) of all global pension assets, while Europe ranks second with a share of 23.7%. The Asia-Pacific region manages 25.5%, showing a slight decline compared to the previous year.
Previously, we wrote that according to a study by consulting firm Global Citizen Solutions, in 2025, Portugal became the best place for retirees. This country was noted for its climate, safety, and affordable costs. Portugal offers a high quality of life and quality healthcare, making it attractive for people on fixed incomes.
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