Faroe Islands | Age dependency ratio, young (% of working-age population)
Age dependency ratio, young, is the ratio of younger dependents--people younger than 15--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, young (% of working-age population)
1960 55.29580388
1961 54.57021939
1962 53.87048842
1963 53.31349488
1964 52.90667908
1965 52.77165932
1966 52.73699474
1967 52.70803443
1968 52.86329912
1969 53.07804169
1970 52.83840892
1971 52.17372645
1972 51.55232214
1973 51.01810899
1974 50.5499032
1975 50.09560229
1976 49.52606635
1977 48.72881356
1978 47.66930176
1979 46.5376821
1980 45.44771635
1981 44.29852068
1982 43.07603144
1983 41.86071352
1984 40.80945534
1985 40.0090009
1986 39.36181128
1987 38.78681437
1988 38.32043757
1989 38.09617918
1990 38.16380449
1991 38.38666218
1992 38.59195699
1993 38.68574457
1994 38.57696908
1995 38.27259768
1996 37.96349942
1997 37.83599498
1998 37.93754229
1999 38.00537178
2000 37.91018696
2001 37.70226537
2002 37.47752637
2003 37.18925421
2004 36.64377936
2005 35.89776897
2006 35.20698577
2007 34.76968796
2008 34.62820886
2009 34.55815465
2010 34.37245513
2011 34.12309901
2012 33.87540082
2013 33.84306761
2014 34.02232601
2015 33.8442734
2016 33.6522449
2017 33.62252467
2018 33.53375326
2019 33.62231436
2020 33.62178592
2021 33.64523377
2022 33.76097232
Faroe Islands | Age dependency ratio, young (% of working-age population)
Age dependency ratio, young, is the ratio of younger dependents--people younger than 15--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