What is the UK dependency ratio?

Age dependency ratio (% of working-age population) in United Kingdom was reported at 57.06 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.

What is the old-age dependency ratio UK?

Old age dependency ratio (from 2015 to 2020) for England

What age is the dependency ratio?

There are three types of age dependency ratio. The youth dependency ratio is the population ages 0-15 divided by the population ages 16-64. The old-age dependency ratio is the population ages 65-plus divided by the population ages 16-64. The total age dependency ratio is the sum of the youth and old-age ratios.

What age groups have a high dependency ratio?

A high dependency ratio means those of working age, and the overall economy, face a greater burden in supporting the aging population. The youth dependency ratio includes those only under 15, and the elderly dependency ratio focuses on those over 64.

Does the UK have a high dependency ratio?

The latest value for Age dependency ratio (% of working-age population) in United Kingdom was 56.43 as of 2018. Over the past 58 years, the value for this indicator has fluctuated between 60.49 in 1973 and 51.27 in 2008.

Which country has the highest old-age dependency ratio?

Japan
Japan had the highest age dependency ratio among G20 countries in 2019. The age dependency ratio is the population of those aged 0-14 and 65 and above as a share of the working age population aged 15-64.

What is an old dependency ratio?

This indicator is the ratio between the number of persons aged 65 and over (age when they are generally economically inactive) and the number of persons aged between 15 and 64. The value is expressed per 100 persons of working age (15-64).

Which country has the lowest dependency ratio?

Age dependency ratio – Country rankings The average for 2019 based on 186 countries was 58.67 percent. The highest value was in Niger: 110.26 percent and the lowest value was in Qatar: 17.81 percent.

Is a high dependency ratio good?

A low dependency ratio means that there are sufficient people working who can support the dependent population. A lower ratio could allow for better pensions and better health care for citizens. A higher ratio indicates more financial stress on working people and possible political instability.

What country has the highest age dependency ratio?

Which country has the highest old age dependency ratio?

What is the dependency ratio of Europe?

In the EU, the old-age dependency ratio was 29.9% in 2017. In other words, there were slightly more than three persons of working age for every person aged 65 or over. The EU’s old-age dependency ratio has been increasing for a long time.

What is the dependency ratio in the UK?

Age dependency ratio, old (% of working-age population) The value for Age dependency ratio, old (% of working-age population) in United Kingdom was 28.66 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 28.66 in 2016 and a minimum value of 18.07 in 1960.

How is the old age dependency ratio measured?

To measure the potential impact of an ageing population, traditionally, the Old Age Dependency Ratio (OADR) is used. This is a simple ratio of the number of people of pensionable age and over per 1,000 people aged 16 years to State Pension age (SPA).

What is the total dependency ratio in Canada?

total dependency ratio- The total dependency ratio is the ratio of combined youth population (ages 0-14) and elderly population (ages 65+) per 100 people of working age (ages 15-64).

What does it mean to have high youth dependency ratio?

youth dependency ratio- The youth dependency ratio is the ratio of the youth population (ages 0-14) per 100 people of working age (ages 15-64). A high youth dependency ratio indicates that a greater investment needs to be made in schooling and other services for children.