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

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