Italy: average gross pensions 2012-2023| ��ƽ��

Annual average gross pension income in Italy from 2012 to 2023 (in euros)

Characteristic	Average gross pension income in euros
2023	21,382
2022	19,976
2021	19,443
2020	19,181
2019	18,765
2018	18,329
2017	17,887
2016	17,580
2015	17,323
2014	17,040
2013	16,638
2012	16,288

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Release date

October 2024

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Region

Italy

Survey time period

2015 to 2023

Supplementary notes

Values are the combined average of all pension types. These include old age and seniority, disability, survivors pension, compensatory pension, civil disability, non-contributory scheme, and war pension.

Before 2023, data published by .

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In 2023, the average annual gross pension in Italy amounted to some 21,400 euros. Compared to 2015, the average pension income increased by around 4,000 euros.

An expensive social security system

A social security system is meant to help individuals and families dealing with unexpected accidents and losses, invest in health and education, and protect the elderly. The Italian social security system is public and based on compulsory contributions made by taxpayers and managed by the state. Depending on several factors, ranging from the average age of retirement to the generosity of the benefits paid, social security can be very costly for the public administration. In 2022, in Italy there were over 16 million pensioners, defined as individuals who receive at least one type of pension benefit. The public expenditure for pensions reached almost 322 billion euros, which amounted to approximately 16 percent of the country’s GDP.

The increasing popularity of pension funds

Alongside the public social security system, pension funds based on voluntary contributions by private members can provide a safety net for those who want to receive a supplementary benefit. Despite being far from reaching the values registered in other countries such as the United Kingdom, the Netherlands and Germany in terms of assets, the popularity of pension funds is growing in Italy. In fact, the value of voluntary pension funds’ contributions in Italy increased from 6.8 billion euros in 2007 to 11.3 billion euros in 2019.