Sweden

Basic country data

  • Population 60 and over (2018)
  • 2,556,478
  • % of total
  • 25.6%
  • Population 60 and over (2050)
  • 3,535,436
  • % of total
  • 35.4%
  • Does the country have a social pension?
  • Yes
  • Region
  • Europe & Central Asia
  • Income group
  • High income

Data on social pensions

Garantipension (Guaranteed pension)

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Garantipension (Guaranteed pension)
  • Year first social pension introduced
  • 1913

2015

Government of Sweden: Guaranteed pension for those on low income (webpage)

Pensions myndigheten: The guarantee pension

Eligibility criteria

2015

Government of Sweden: Guarantee pension size

Adequacy

  • Monthly benefit (local currency)
  • 7,899 Kronor
  • US$
  • 906
  • % of GDP per capita
  • 22.9%
  • $ PPP
  • 902.3
  • % of $1.90 poverty line (PPP)
  • 1,561%
  • Local amount detailed/other benefits
  • Full guarantee pension is 7,899 per month for a single person and 7,046 for those who are married. Transfer amount is tapered to contributory pension amount an individual receives.
  • References and notes

2014

Government of Sweden: Pension statistics - number of pensioners (webpage) (Swedish)

Coverage

  • Number of recipients
  • 786,388
  • Coverage of population over the age of eligibility
  • 41.3%
  • Coverage of population 60+
  • 31.8%
  • References and notes

2014

Government of Sweden: Pension statistics - costs (webpage)

Cost

Resources on the pension in Sweden

Social pensions database

Explore the Social pensions database

Calculator

Calculate the cost of a universal pension in your country