Age dependency ratio, old (% of working-age population)

This demographic measure quantifies the proportion of older individuals, specifically those aged 65 and above, compared to the workforce segment, typically defined as individuals aged 15 to 64. By expressing this as the number of older dependents per 100 individuals in the working age group, this indicator provides valuable insights into the potential economic burden placed on the labor force as populations age. A higher ratio may signal increased demands on social services and healthcare, highlighting the challenges of sustaining economic productivity and supporting retirees. Understanding this ratio is crucial for policymakers and planners as they strategize for future social security, healthcare systems, and workforce development amidst shifting population dynamics. Source: