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FIAP > Press releases > Level of managed funds and contributors in Latin America’s mandatory individually-funded systems at the end of December 2021
14 April, 2022

Level of managed funds and contributors in Latin America’s mandatory individually-funded systems at the end of December 2021

As of December 2021, the number of contributors to Latin American mandatory individually-funded systems (see Table 1) had increased by 6.3% in the previous 12 months and by 1.9% in the previous quarter, amounting to 40.6 million, reflecting a strong recovery in formal employment.

The Latin American pension funds in mandatory individually-funded systems, in turn, amounted to US$ 603,683 million by December 2021 (see Table 2), representing a reduction of -5.4% in the previous 12 months, mainly due to the reduction of pension funds in Chile (-20.1%) and Peru (-26.8%) caused by massive withdrawals of authorized pension funds in both countries. However, the December figure represents a 1.6% recovery in the value of funds compared to the previous quarter, which evidences the professional management of funds by managers in a context of high volatility in financial markets.

Table 1

No. of Contributors in the mandatory individually-funded systems in Latin America

Country Dec. 2020   Sept. 2021   Dec. 2021   Quarterly Var.   Annual Var.
Colombia 6,381,303   6,621,364   6,946,557   4.9%   8.9%
Costa Rica 1,167,647   1,205,473   1,248,015   3.5%   6.9%
Chile 5,508,288   5,705,413   5,927,047   3.9%   7.6%
El Salvador 719,388   767,528   798,057   4.0%   10.9%
Mexico 21,861,950   22,833,147   22,861,961   0.1%   4.6%
Costa Rica (1) 174,480   168,016   175,030   4.2%   0.3%
Peru 3,039,264   3,601,430   n.a.   –   –
Dominican Republic 1,603,485   1,738,419   1,830,601   5.3%   14.2%
Uruguay 819,024   836,827   850,764   1.7%   3.9%
Total (2) 38,235,565   39,876,187   40,638,032   1.9%   6.3%

 

  1. Panama: Data corresponds to the Public Servants’ Individually Funded Pension Savings System.
  2. The “Total” figure does not include Peru since there has been no data on contributors to Dec. 2021 to date.

Source: FIAP based on the data of the pension regulatory bodies of all countries.

Table 2

Funds managed in mandatory individually-funded pension systems in Latin America (Millions of USD at each date)

Country Dec. 2020   Sept. 2021   Dec. 2021   Quarterly Var.   Annual Var.
Bolivia 20,998   22,280   22,562   1.3%   7.4%
Colombia 92,343   88,687   89,878   1.3%   -2.7%
Costa Rica 12,851   15,086   15,188   0.7%   18.2%
Chile 213,676   174,281   170,709   -2.0%   -20.1%
El Salvador 12,452   12,821   12,964   1.1%   4.1%
Mexico 233,652   241,287   250,593   3.9%   7.3%
Costa Rica (1) 812   831   839   1.0%   3.3%
Peru 45,069   30,882   32,996   6.8%   -26.8%
Dominican Republic 11,107   12,909   13,164   2.0%   18.5%
Uruguay 16,053   17,344   17,351   0.0%   8.1%
Total 638,015   594,128   603,683   1.6%   -5.4%

(1) Panama: Data corresponds to the Public Servants’ Individually Funded Pension Savings System.

Source: FIAP based on the data of the pension regulatory bodies of all countries.

For further details on the statistical information of the individually funded systems, please visit: https://www.fiapinternacional.org/en/estadisticas/

 

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