I'm guessing you're not from the states because that's a very common term in the U.S.
Whole milk has nothing to do with pasteurization, although when you see milk on the store shelves in the US, it's typically going to be pasteurized.
I don't think it's usually advertised terribly, clearly, with percentages, but my memory is that it's 3.25 or above milkfat by weight.
I want to say the ratios are more like what you would find in a natural milk anyway, but I don't recall for certain if that's correct.
In the end, all milk is mostly water, but skim and 1% to me typically taste more like water. The extra fat makes it much richer.

