In this edition of the report, we highlight:

• The number of workers affiliated to the private pension system, belonging to FIAP member countries in Latin America, increased by 2.48% between December 2022 and December 2023, reaching 126.9 million, while the number of contributors grew by 2.64% in the same period, reaching 45.9 million.
• For its part, the coverage of contributors in FIAP countries (contributors against Economically Active Population, EAP), has slowly increased since 2010, where it was 26%, reaching 35% in 2023, while the coverage of members (members against EAP) reached 96% in 2023 (maintaining its level with respect to 2022).
• Pension funds per member and contributor in the region reached USD 5,950 and USD 15,873, respectively, as of December 2023.
• Regarding the investment portfolio as of December 2023:

– The countries with the highest proportion of investments in government securities are the Dominican Republic (72.45%), Costa Rica (61.68%), and Uruguay                 (55.22%).

– In terms of investments in corporate sector instruments (bonds and shares of local companies), the leading countries are Peru (25.46%), Uruguay (22.23%)                 and Mexico (18.45%).

–  The countries with the highest percentage of investments in financial sector instruments are Chile (15.27%), Colombia (11.45%) and Peru (11.25%).

–  For its part, the highest percentage of investment abroad is made in Chile (45.29%), Colombia (44.29%) and Peru (39.78%).