Balance of basic pension insurance funds in China 2013-2023

Published by C. Textor, Nov 30, 2024

In 2023, the basic pension insurance funds in China recorded a cumulative balance surplus of around 7.8 trillion yuan. The basic pension insurance program is a compulsory insurance program operated by the government in China. People who participate in the basic pension insurance program in China are divided in two groups: urban employees and other residents in urban and rural areas. The insurance funds for urban employees are much higher than that for the other group.

Balance of basic pension insurance funds in China between 2013 and 2023 (in billion yuan)

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Release date

October 2024

Region

China

Survey time period

2013 to 2023

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of November 2024).

The values have been rounded to provide a better understanding of the statistic.

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