Apr 04, 2022
In Welcome to the Arts Forum
On the contrary, a promise kept has been the substantial growth of the pension fund. Between 2004 and 2019, in absolute numbers, the increase fluctuated between 354% and 12,239% in eight countries, while as a percentage of GDP the jump was between three and 22 percentage points. The amount of the fund is the result of the size of the insured market, their per capita income, the return on invested capital, the administrative cost and the time that the system has been in operation. For example, Chile has a medium-sized insured market, the highest per capita income in the region and 38 years of system operation and in 2019 it had accumulated 215.4 billion dollars, equivalent to 81% of GDP .. Mexico has the largest insurance market and although its operating time is 16 years less than Chile's, it had almost closed the gap with 211.3 billion dollars, but the fund in relation to gdp is a fifth of the Chilean proportion because gdp Mexican is far superior. The countries that have experienced a greater growth of the fund are those where it was Whatsapp Mobile Number List as the Dominican Republic, Costa Rica, Uruguay and El Salvador, where it was below 2,000 million dollars, and this was also the case of the Panamanian fund. in 2019. The economic power of administrators in Chile is immense and goes beyond national borders, since there are Chilean administrators with subsidiaries in other countries. The distribution of the portfolio by instrument in 2019 shows that the concentration in the two largest instruments ranged between 80% and 90% in four countries and between 64% and 77% in the other five. The largest investment is in public debt, which fluctuated between 61% and 82% in four countries; this was typical in the old public systems and continues in four private ones (El Salvador, the Dominican Republic, Uruguay and Costa Rica), because they are small countries that lack a developed securities market.