Faroe Islands | Age dependency ratio, old (% of working-age population)
Age dependency ratio, old, is the ratio of older dependents--people 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, old (% of working-age population)
13.50269362 1960
13.61093545 1961
13.7132723 1962
13.82551604 1963
13.91203165 1964
14.01431718 1965
14.13811854 1966
14.23063128 1967
14.31427429 1968
14.42294981 1969
14.52969111 1970
14.60452341 1971
14.69418831 1972
14.82099641 1973
14.98949623 1974
15.17838981 1975
15.36267973 1976
15.53936322 1977
15.75217103 1978
15.99051734 1979
16.26352163 1980
16.59349983 1981
16.89426595 1982
17.18293812 1983
17.48325325 1984
17.76639202 1985
17.9999316 1986
18.18765199 1987
18.29308965 1988
18.32674572 1989
18.63606341 1990
19.27585045 1991
19.9421069 1992
20.63593005 1993
21.3817101 1994
21.83924851 1995
21.86413673 1996
21.8410192 1997
21.82103052 1998
21.74512299 1999
21.65647388 2000
21.51070715 2001
21.32365413 2002
21.16746859 2003
21.0158021 2004
20.92683402 2005
21.04463131 2006
21.4451838 2007
22.08733935 2008
22.78102664 2009
23.31997785 2010
23.78761177 2011
24.46502192 2012
25.38476717 2013
26.51628076 2014
27.41898186 2015
27.98040816 2016
28.37837838 2017
28.56779284 2018
28.71277799 2019
28.95071493 2020
29.14524916 2021
29.1817568 2022
Faroe Islands | Age dependency ratio, old (% of working-age population)
Age dependency ratio, old, is the ratio of older dependents--people 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