Australia Superannuation AUM at $2.26 Trillion with $105 Billion Contribution in June 2023, Australia is 5th Largest Economy in APAC with $1.5 Trillion GDP & 25.6 Million Population

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Australia Superannuation AUM at $2.26 Trillion with $105 Billion Contribution in June 2023, Australia is 5th Largest Economy in APAC with $1.5 Trillion GDP & 25.6 Million Population

25th August 2023 | Hong Kong

The Australian Prudential Regulation Authority (APRA) has reported $2.26 trillion (AUD 3.54 trillion) Superannuation AUM (Assets under Management) with $105 billion (AUD 165 billion) contribution in June 2023.  Superannuation is Australia retirement savings program.  Australia is the 5th largest country by GDP in Asia-Pacific ($1.5 trillion) with population of more than 25.6 million.  The top 5 largest countries in Asia-Pacific by GDP are GDP are China ($17.7 trillion), Japan ($4.9 trillion), India ($3.1 trillion), South Korea ($1.8 trillion) and Australia ($1.5 trillion).  (GDP ~ Gross Domestic Product) 

“ Australia Superannuation AUM at $2.26 Trillion with $105 Billion Contribution in June 2023, Australia is 5th Largest Economy in APAC with $1.5 Trillion GDP & 25.6 Million Population “

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Australian Prudential Regulation Authority (APRA) 

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding AUD 8.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.

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