Country fact sheet

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Spain

  • Basic country data

  • Population over 60 in 2010:
  • 10,151,881 (22%)
  • Projected population over 60 in 2050:
  • 25,049,774 (44%)
  • Income of country:
  • High income: OECD
  • Social pension?
  • Yes
  • Scheme information

  • Scheme information: Pension no Contributiva de Jubilacion (Non-contributory pension for retirement)
  • Year introduced:
  • 1994
  • Monthly pension benefit:
  • 366 Euros (395 US$)
  • 19.27 % of average income
  • 941 % of international poverty line
  • Age of eligiblity:
  • 65.0
  • Targeting:
  • Means-tested
  • % of population over 60 covered:
  • 2%
  • Total cost:
  • 0.12% of GDP

Resources on the pension in Spain

Pension calculator

Calculate the cost of a universal social pension in Spain.

Visit the Pension Calculator

Notes