Proportion of retired pensions to national income: Where does Turkey stand in Europe?

In 2021, the share of retirement/pension and widow/orphan pensions from GDP in Turkey was 6.1 percent, while the EU average was 13 percent. While the proportion of retirees to the population is increasing in Turkey, the share of retirees from national income is decreasing. Turkey ranks second to last among 36 European countries in terms of the ratio of retirement pensions to gross domestic product (GDP). In 2021, the share of retirement/pension and widow/orphan pensions from GDP in Turkey was 6.1 percent, while the EU average was 13 percent.

According to data from the EU Statistical Office, the country with the highest share of retirement/pension and widow/orphan pensions from GDP is Italy with 17.2 percent.

Next are Greece (16.6 percent), Austria (15.4 percent), and France (14.4 percent).

The EU average is 13 percent. The country with the lowest share of retirees from GDP is Ireland with 4 percent. Turkey ranks second to last with 6.1 percent.