Faroe Islands | Age dependency ratio (% of working-age population)

Age dependency ratio is the ratio of dependents--people younger than 15 or older than 64--to the working-age population--those ages 15-64. Data are shown as the proportion of dependents per 100 working-age population. Development relevance: Patterns of development in a country are partly determined by the age composition of its population. Different age groups have different impacts on both the environment and on infrastructure needs. Therefore the age structure of a population is useful for analyzing resource use and formulating future policy and planning goals with regards infrastructure and development. Limitations and exceptions: Because the five-year age group is the cohort unit and five-year period data are used in the United Nations Population Division's World Population Prospects, interpolations to obtain annual data or single age structure may not reflect actual events or age composition. For more information, see the original source. Statistical concept and methodology: Dependency ratios capture variations in the proportions of children, elderly people, and working-age people in the population that imply the dependency burden that the working-age population bears in relation to children and the elderly. But dependency ratios show only the age composition of a population, not economic dependency. Some children and elderly people are part of the labor force, and many working-age people are not. Age structure in the World Bank's population estimates is based on the age structure in United Nations Population Division's World Population Prospects. For more information, see the original source.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source
Faroe Islands | Age dependency ratio (% of working-age population)
68.7984975 1960
68.18115484 1961
67.58376072 1962
67.13901091 1963
66.81871073 1964
66.78597651 1965
66.87511329 1966
66.93866571 1967
67.17757342 1968
67.5009915 1969
67.36810003 1970
66.77824986 1971
66.24651045 1972
65.8391054 1973
65.53939943 1974
65.27399211 1975
64.88874608 1976
64.26817678 1977
63.4214728 1978
62.52819944 1979
61.71123798 1980
60.89202051 1981
59.97029739 1982
59.04365164 1983
58.29270859 1984
57.77539292 1985
57.36174288 1986
56.97446636 1987
56.61352721 1988
56.4229249 1989
56.7998679 1990
57.66251263 1991
58.53406389 1992
59.32167462 1993
59.95867918 1994
60.11184619 1995
59.82763615 1996
59.67701418 1997
59.7585728 1998
59.75049477 1999
59.56666084 2000
59.21297253 2001
58.8011805 2002
58.3567228 2003
57.65958146 2004
56.82460299 2005
56.25161708 2006
56.21487176 2007
56.71554822 2008
57.33918129 2009
57.69243298 2010
57.91071079 2011
58.34042275 2012
59.22783478 2013
60.53860678 2014
61.26325526 2015
61.63265306 2016
62.00090305 2017
62.1015461 2018
62.33509235 2019
62.57250085 2020
62.79048293 2021
62.94272911 2022

Faroe Islands | Age dependency ratio (% of working-age population)

Age dependency ratio is the ratio of dependents--people younger than 15 or older than 64--to the working-age population--those ages 15-64. Data are shown as the proportion of dependents per 100 working-age population. Development relevance: Patterns of development in a country are partly determined by the age composition of its population. Different age groups have different impacts on both the environment and on infrastructure needs. Therefore the age structure of a population is useful for analyzing resource use and formulating future policy and planning goals with regards infrastructure and development. Limitations and exceptions: Because the five-year age group is the cohort unit and five-year period data are used in the United Nations Population Division's World Population Prospects, interpolations to obtain annual data or single age structure may not reflect actual events or age composition. For more information, see the original source. Statistical concept and methodology: Dependency ratios capture variations in the proportions of children, elderly people, and working-age people in the population that imply the dependency burden that the working-age population bears in relation to children and the elderly. But dependency ratios show only the age composition of a population, not economic dependency. Some children and elderly people are part of the labor force, and many working-age people are not. Age structure in the World Bank's population estimates is based on the age structure in United Nations Population Division's World Population Prospects. For more information, see the original source.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source