Key Takeaways
- • The headline reports Georgia's pension system surpassing GEL 10.2 billion, but the supplemental OECD-based data does not confirm that figure, showing about USD 2 billion in pension fund assets for 2024.
- • Georgia's pension fund (PF) assets equaled 6.7% of GDP in 2024, up from 2.3% in 2020 according to OECD Global Pension Statistics.
- • The reported real return was 9.0% in 2024 and 11.3% in 2023, following negative real returns of -2.2% in 2022 and -3.2% in 2021.
- • OECD data reports zero pension assets in listed equities and bonds for Georgia in 2024, with the full USD 2 billion classified under the "other" category.
Summary
The headline positions Georgia's pension system at more than GEL 10.2 billion and asks which portfolio delivers the highest returns. The available supplemental material is based on OECD Global Pension Statistics and MidLincoln's compilation of them, and it does not directly reconcile with the headline's cedi-denominated total. At the GEL-to-USD exchange rates implied by these sources, GEL 10.2 billion would be materially larger than the USD 2 billion OECD figure, so the two measures likely reflect different definitions or coverage.
On the OECD measure, Georgia's pension fund assets grew from near zero in 2020 to USD 2 billion in 2024, rising to 6.7% of GDP from 2.3% in 2020. Over the same period, the reported real return has been volatile: 7.7% in 2020, -3.2% in 2021, -2.2% in 2022, 11.3% in 2023 and 9.0% in 2024.
The OECD allocation data shows no reported holdings in listed equities or bonds for Georgia in 2024, meaning the reported assets sit in the "other" category. This limits the basis for comparing portfolio-level returns across asset classes, and institutional readers should treat the headline's return comparison as dependent on data not present in these sources.
On the OECD measure, Georgia's pension fund assets grew from near zero in 2020 to USD 2 billion in 2024, rising to 6.7% of GDP from 2.3% in 2020. Over the same period, the reported real return has been volatile: 7.7% in 2020, -3.2% in 2021, -2.2% in 2022, 11.3% in 2023 and 9.0% in 2024.
The OECD allocation data shows no reported holdings in listed equities or bonds for Georgia in 2024, meaning the reported assets sit in the "other" category. This limits the basis for comparing portfolio-level returns across asset classes, and institutional readers should treat the headline's return comparison as dependent on data not present in these sources.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.