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Ageing conditions the sustainability of the system
IN 2050 SPAIN WILL BE THE SECOND COUNTRY IN THE OECD, AFTER JAPAN, WITH THE HIGHEST DEPENDENCY RATIO *, WHICH WILL BE 78.4%, 25.7 PP HIGHER THAN THE OECD AVERAGE
The dependency ratio in Spain will increase by 45.6 pp between 2020 and 2050, more than double the growth in the OECD average
More than a decade of Social Security deficits
SINCE 2011 THE SYSTEM HAS RECORDED A DEFICIT IN ITS NON-FINANCIAL BALANCE, MAINLY DUE TO AN INCREASE IN EXPENDITURE ON CONTRIBUTORY PENSIONS THAT IS MUCH HIGHER THAN THE INCREASE IN REVENUE FROM SOCIAL CONTRIBUTIONS
Pension expenditure increased between 2011 and 2021 by 39.1%, compared to 25.2% of social contributions
Global Pension Index 2022–Mercer & CFA Institute
SPAIN RANKS 26TH OUT OF 44 COUNTRIES (65% OF THE WORLD’S POPULATION), WITH A POOR RESULT IN THE SUSTAINABILITY PILLAR (41ST POSITION)