NZX’s market capitalisation is around $ billion, while the total value of the domestic bond market is around $ billion (excluding government debt). The fund management sector has around $ billion of assets (both domestic and offshore) under management.
More recently, data published by Eurostat showed that in 2014 expenditure on old age pensions in Greece is the highest among EU countries (13.3% of GDP, compared to an EU28 average of 9.8% of GDP). While the 2015 and 2016 reforms did attempt to further curtail pension benefits, they exempted old retirees until July 2018.