Canadian pension assets climb 10.6% while global total surpasses US$61.5 trillon, OECD report finds
September 02, 2025
New data from the Organisation for Economic Co-operation and Development (OECD) shows Canadian pension assets grew by 10.6% over the course of 2024, outpacing the average rate for member nations of 8.5%.
Cumulatively, the OECD reported that its member nations’ total pension assets grew to US$61.5 trillion, surpassing the previous record of $59.7 trillion in 2021. The organization largely attributes this landmark to the rising valuations in equity markets. However, the total asset growth remained lower than GDP growth in the OECD area over this period, as the pension asset total was only equivalent to 92% of GDP at the end of 2024, down from 105% at the end of 2021.
Canadian pension assets are estimated to equal US$3.5 trillion which is equivalent to more than 157% of the country’s GDP. The 10.6% annual growth rate compared favourably with other large pension markets, including Australia (10.3%), the Netherlands (8.2%), the U.K. (5.3%) and the U.S. (10.3%).
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