The number of workers members of the private pension system, belonging to FIAP member countries in Latin America increased by 3.48% between December 2021 and December 2022, surpassing 127 million, and the number of contributors grew by 3.87% in the same period.
Meanwhile, the coverage of contributors in FIAP countries (contributors against EAP) has slowly increased since 2010, when it was at 26%, reaching 34% in 2022. Meanwhile, the coverage of members (members against EAP) reached 96% in 2022, increasing by 1 percentage point compared to 2021.
Pension funds per member and contributor in the region reached USD 4,891 and USD 13,672 respectively as of December 2022.
Regarding the investment portfolio as of December 2022:
The countries with the highest proportion of investment in government securities are El Salvador (80.9%), Dominican Republic (74.44%), and Costa Rica (61.70%).
In terms of investment in corporate sector instruments (bonds and stocks of local companies), the leading countries are Peru (29.87%), Uruguay (23.61%), and Mexico (18.9%).
The countries with the highest percentage of investment in financial sector instruments are Chile (19.5%), Peru (14.13%), and Colombia (11.61%).
Moreover, the highest percentage of foreign investment is carried out by Colombia (54.21%), Chile (41.3%) and Peru (36.94%).
