As a percentage of the GDP, the assets of the system accounted for 14.1% the highest level so far.
This development shows the system has overcome the crisis caused by Covid but the onset of war in Ukraine early this year generated a new period of high volatility.
The private pension market accounts for most in the GDP, 7.8%, second is the sector of financial instruments and investments, 4.23% of the GDP, which is also the sector most affected by the overall decline of the capital market caused by the pandemic in 2020 (3.92% of GDP).
The assets of the insurance-reinsurnce sector accounted for 2.06% of the GDP at the end of 2021, down from 2.26% the previous year.
(English version by Loredana Fratila-Cristescu)