Pensions and beneficiaries as of 31 December 2008

As of 31 December 2008, the number of social security and welfare pensions paid out amounted to 23.8 million for a total annual expenditure of €241,109,000 equivalent to 15.38% of GDP (+0.31 percentage points compared to 2007). The average pension amount was €10,129 with a total increase in expenditures of 3.5% over 2007.

The figures above emerge from the annual surveys on pensions and their beneficiaries conducted by the National Statistical Institute (ISTAT) in collaboration with the National Social Security Institute (INPS) based on the latter’s administrative data archive, the Pensioner Central Records Office , which collects information on pensions paid out by all Italian public and private social security institutions.