Asset-backed pensions - main database — Employee contributions in Australia
Australia: Asset-backed pensions - main database — Employee contributions was 9.04 Percentage change in 2023. ◆ Volatile
Asset-backed pensions - main database — Employee contributions in Australia, 2002–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage change.
Analysis
Australia recorded 9.04 Percentage change for asset-backed pensions - main database — employee contributions in 2023.
The figure is down 63.5% on the previous year and up 373.1% over ten years.
Over the whole period, asset-backed pensions - main database — employee contributions in Australia peaked at 180.84 Percentage change in 2007 and was at its lowest, -53.48 Percentage change, in 2018.
That places Australia 14th out of 31 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Asset-backed pensions - main database — Employee contributions in Australia, year by year
| Year | Percentage change | Change |
|---|---|---|
| 2002 | 1.62 Percentage change | — |
| 2003 | -18.16 Percentage change | -1221.1% |
| 2004 | 8.66 Percentage change | -147.7% |
| 2005 | 27.81 Percentage change | +221.1% |
| 2006 | 35.61 Percentage change | +28.0% |
| 2007 | 180.84 Percentage change | +407.8% |
| 2008 | -50.07 Percentage change | -127.7% |
| 2009 | -29.33 Percentage change | -41.4% |
| 2010 | -9.3 Percentage change | -68.3% |
| 2011 | 8.94 Percentage change | -196.1% |
| 2012 | 5.02 Percentage change | -43.9% |
| 2013 | -3.31 Percentage change | -166.0% |
| 2014 | 11.64 Percentage change | -451.5% |
| 2015 | 25.4 Percentage change | +118.3% |
| 2016 | -7.97 Percentage change | -131.4% |
| 2017 | 42.24 Percentage change | -629.7% |
| 2018 | -53.48 Percentage change | -226.6% |
| 2019 | 9.87 Percentage change | -118.5% |
| 2020 | 5.42 Percentage change | -45.1% |
| 2021 | 14.79 Percentage change | +172.9% |
| 2022 | 24.75 Percentage change | +67.3% |
| 2023 | 9.04 Percentage change | -63.5% |
Australia compared with similar countries
- Australia's 9.04 Percentage change is above the median for high income countries, which is 5.56 Percentage change, 1.6× the median. (16 countries reporting)
- Australia's 9.04 Percentage change is above the median for East Asia & Pacific, which is 6.59 Percentage change, 1.4× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Asset-backed pensions - main database — Employee contributions in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | -1221.1% | 1.62 Percentage change | -18.16 Percentage change |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.62 Percentage change | -50.07 Percentage change | 180.84 Percentage change | 8 |
| 2010s | 2.9 Percentage change | -53.48 Percentage change | 42.24 Percentage change | 10 |
| 2020s | 13.5 Percentage change | 5.42 Percentage change | 24.75 Percentage change | 4 |
Countries ranked near Australia
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Frequently asked questions
- What is asset-backed pensions - main database — employee contributions in Australia?
- Asset-backed pensions - main database — employee contributions in Australia was 9.04 Percentage change in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest asset-backed pensions - main database — employee contributions recorded in Australia?
- The highest recorded value was 180.84 Percentage change in 2007.
- What is the lowest asset-backed pensions - main database — employee contributions recorded in Australia?
- The lowest recorded value was -53.48 Percentage change in 2018.
- How does Australia rank for asset-backed pensions - main database — employee contributions?
- Australia ranks 14th out of 31 countries with data for 2023.
- Is asset-backed pensions - main database — employee contributions rising or falling in Australia?
- Over the last ten years it is up 373.1%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Asset-backed pensions - main database — Employee contributions. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This database on asset-backed pensions is based on data collected through the OECD Global Pension Statistics exercise. Data come from various administrative sources, mainly: pension supervisory authorities, financial market authorities, ministries of finance, or national statistical offices. Data cover all asset-backed pension arrangements where assets are accumulated to back future benefit payments, except reserves of public (pay-as-you-go) pension arrangements. Asset-backed pension plans may be financed through different vehicles (such as pension funds, pension insurance contracts, bank or investment company managed funds), publicly or privately administered, mandatory or voluntary, occupational or personal, defined benefit (DB) or defined contribution (DC), for public or private-sector workers. Employers’ book reserves are also in the scope. This database includes various statistics and indicators on asset-backed pensions such as the amount of assets earmarked for retirement, the liabilities of pension providers, their revenues, their expenditure, the number of funds and plans, as well as plan membership. These statistics and indicators can be split by type of financing vehicle and type of plan.