World's Largest Pension Funds 2025
About This Dataset
World's Largest Pension Funds 2025
The world's largest pension funds and retirement schemes ranked by total assets under management in 2025, according to Thinking Ahead Institute data. Japan's Government Pension Investment Fund is the world's largest pension fund by a significant margin, managing assets that exceed the GDP of most countries. AI-assisted data.
Analysis
The top three in AUM (Billion USD) in 2025 are Norway Government Pension Fund (1,700), Japan GPIF (1,590) and National Pension Korea (820). The 8 entries in AUM (Billion USD) cover a range of 1,560, from 1,700 down to 140. First and second are separated by 110, so the leader sits inside the field rather than apart from it. Only 2 of the 8 reach even half the leader's figure (850 or more).
Source:
Thinking Ahead Institute
Key Findings
🏆
Norway Government Pension Fund leads in AUM (Billion USD) with 1,700 in 2025.
📊
Average AUM (Billion USD) in 2025: 771 · median: 565.
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Gap in 2025: Norway Government Pension Fund is 12.1× larger than ATP (Denmark).
Data Insights
Numbers, trends & sources behind this chart
Methodology & source
- Data source
- Thinking Ahead Institute
- Coverage
- 8 entities · 2025 · 8 observations
- Measure
- AUM (Billion USD)
- Last updated
- 6 September 2026
- Compiled by
- The ANYSTAT team, from the source above
How the figures are calculated
- Values are shown as reported by the source. Nothing is rescaled, rebased or converted — the only changes are thousand separators and decimals shown to two places.
- Entities are ranked highest-first on their value in 2025.
Data Sources & References
All external sources cited in this dataset
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