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OECD: Ukrainians have some of lowest retirement savings globally
November 22, 2021 2:22 AM
1 min read

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Ukraine’s seniors had a combined $123 million in retirement savings in 2020, which was just 0.1% of the country’s GDP. This is the second-lowest rate out of 89 countries surveyed by the Organization for Economic Co-operation and Development. Only Pakistan’s rate was lower.
As of Aug. 1, the average pension throughout Ukraine was $145 per month, according to the Ministry of Social Policy.
Denmark has the highest retirement savings, which account for $882 billion, 229% of the country’s GDP. Denmark is followed by the Netherlands (213%) and Iceland (207%).

Asami Terajima
Reporter
Asami Terajima is a reporter at the Kyiv Independent. She previously worked as a business reporter for the Kyiv Post focusing on international trade, infrastructure, investment and energy. Originally from Japan, Terajima moved to Ukraine during childhood and completed her bachelor’s degree in Business Administration at William Woods University in Missouri, U.S.A. She is the winner of the Thompson Reuters' Kurt Schork Local Reporter Award 2023 and the George Weidenfeld Prize, awarded as part of Germany's Axel Springer Prize for Young Journalists 2023.
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