Pension Replacement Rate: 57.8%
Male/Female Retirement Age: 65/65
Male/Female Life Expectancy: 82.4/86.1
Sovereign Debt as percentage of GDP: 41.7%
Employment Rate: 68.4%
The retirement age for both men and women in Finland is also 65, but retirees get 57.8% of their income prior to retirement. Finland currently pays out 12% of its GDP in public pensions, which is the sixth highest out of the 31 countries for which the OECD has data and well higher than the OECD average of 8.4%. But the high pension spending hasn’t necessarily taken an undue burden on the country’s overall fiscal health. Finland’s sovereign debt of 41.7% of GDP is far better than countries such as Greece and Italy.
(Istock) More From 24/7 Wall St.
: 10 Brands That Will Disappear in 2012 The Most Dangerous Cities in America The Most Expensive Tickets in Sports The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.