Faroe Islands | Population ages 65 and above (% of total population)

Population ages 65 and above as a percentage of the total population. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. 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. This indicator is used for calculating age dependency ratio (percent of working-age population). The age dependency ratio is the ratio of the sum of the population aged 0-14 and the population aged 65 and above to the population aged 15-64. In many developing countries, the once rapidly growing population group of the under-15 population is shrinking. As a result, high fertility rates, together with declining mortality rates, are now reflected in the larger share of the 65 and older population. 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: 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. Total population is based on the de facto population including all residents regardless of legal status or citizenship. The values shown are midyear estimates. For more information see metadata for total population (SP.POP.TOTL).
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source
Faroe Islands | Population ages 65 and above (% of total population)
1960 7.99906307
1961 8.0918084
1962 8.18436633
1963 8.27327964
1964 8.33961106
1965 8.40383531
1966 8.47114732
1967 8.52569526
1968 8.56353224
1969 8.60946317
1970 8.68139163
1971 8.75673867
1972 8.8375229
1973 8.9378939
1974 9.05596059
1975 9.18377394
1976 9.31688365
1977 9.45975266
1978 9.64006148
1979 9.83861102
1980 10.05597622
1981 10.31343865
1982 10.56165019
1983 10.80291481
1984 11.04575163
1985 11.26055952
1986 11.43748234
1987 11.5865007
1988 11.68134243
1989 11.71509792
1990 11.88525453
1991 12.22588949
1992 12.57893078
1993 12.95236828
1994 13.36588792
1995 13.63999543
1996 13.68095519
1997 13.67891135
1998 13.65986849
1999 13.61177785
2000 13.57110787
2001 13.511731
2002 13.42789396
2003 13.36632096
2004 13.32923513
2005 13.3449986
2006 13.46842465
2007 13.72786204
2008 14.09479153
2009 14.47981086
2010 14.78929973
2011 15.06339709
2012 15.45106062
2013 15.94241811
2014 16.51724458
2015 17.00244794
2016 17.31111111
2017 17.5172455
2018 17.62339319
2019 17.68735125
2020 17.80787942
2021 17.90275769
2022 17.90937944

Faroe Islands | Population ages 65 and above (% of total population)

Population ages 65 and above as a percentage of the total population. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. 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. This indicator is used for calculating age dependency ratio (percent of working-age population). The age dependency ratio is the ratio of the sum of the population aged 0-14 and the population aged 65 and above to the population aged 15-64. In many developing countries, the once rapidly growing population group of the under-15 population is shrinking. As a result, high fertility rates, together with declining mortality rates, are now reflected in the larger share of the 65 and older population. 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: 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. Total population is based on the de facto population including all residents regardless of legal status or citizenship. The values shown are midyear estimates. For more information see metadata for total population (SP.POP.TOTL).
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source