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Charted: The Gen Z Unemployment Rate, Compared to Older Generations

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Putting the Gen Z Unemployment Rate in Perspective

There are more than 2 billion people in the Generation Z age range globally. These individuals, born between 1997 and 2009, represent about 30% of the total global populationโ€”and it’s predicted that by 2025, Gen Z will make up about 27% of the workforce.

Due to the global pandemic, unemployment has been on the rise across the boardโ€”but Gen Z has been hit the hardest. This chart, using data from the OECD, displays the difference between the unemployment rate for Gen Zers and the rate for older generations.

Note: The OECD defines the โ€˜unemployedโ€™ as people of legal working age who donโ€™t have work, are available to work, and have taken steps to find a job. The final figure is the number of unemployed people as a share of the total labor force.

The Generation Gap: Gen Z Unemployment

Compared to their older working-age counterparts, Baby Boomers, Gen X, and Millennials (Gen Y)โ€”the most recent 2020 data shows that Gen Z has an unemployment rate of nearly 2x more in almost every OECD country.

CountryUnemployment Rate (Gen Z)Unemployment Rate (Millennial, Gen X, Boomer)
๐Ÿ‡ฆ๐Ÿ‡บ Australia14.3%5.0%
๐Ÿ‡ฆ๐Ÿ‡น Austria10.5%4.7%
๐Ÿ‡ง๐Ÿ‡ช Belgium15.3%4.8%
๐Ÿ‡จ๐Ÿ‡ฆ Canada20.0%7.9%
๐Ÿ‡จ๐Ÿ‡ฑ Chile24.8%9.6%
๐Ÿ‡จ๐Ÿ‡ด Colombia27.5%13.9%
๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic8.0%2.3%
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark11.5%4.7%
๐Ÿ‡ช๐Ÿ‡ช Estonia17.7%5.9%
๐Ÿ‡ซ๐Ÿ‡ฎ Finland21.0%6.0%
๐Ÿ‡ซ๐Ÿ‡ท France20.1%6.8%
๐Ÿ‡ฉ๐Ÿ‡ช Germany6.2%4.0%
๐Ÿ‡ญ๐Ÿ‡บ Hungary12.4%3.5%
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland11.9%5.5%
๐Ÿ‡ฎ๐Ÿ‡ช Ireland15.2%4.4%
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel7.9%3.7%
๐Ÿ‡ฎ๐Ÿ‡น Italy29.1%-
๐Ÿ‡ฏ๐Ÿ‡ต Japan4.5%2.6%
๐Ÿ‡ฐ๐Ÿ‡ท South Korea10.5%3.6%
๐Ÿ‡ฑ๐Ÿ‡ป Latvia14.8%7.7%
๐Ÿ‡ฑ๐Ÿ‡น Lithuania19.5%7.7%
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg22.4%5.6%
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico8.0%3.8%
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands9.1%2.8%
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand12.4%3.3%
๐Ÿ‡ต๐Ÿ‡ฑ Poland10.9%2.6%
๐Ÿ‡ต๐Ÿ‡น Portugal22.9%5.9%
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia19.3%6.0%
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia14.2%4.3%
๐Ÿ‡ช๐Ÿ‡ธ Spain38.3%14.0%
๐Ÿ‡ธ๐Ÿ‡ช Sweden23.8%6.4%
๐Ÿ‡จ๐Ÿ‡ญ Switzerland8.6%4.3%
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom13.5%3.2%
๐Ÿ‡บ๐Ÿ‡ธ United States15.1%7.1%

Note: For the purposes of this article, we are only considering the Gen Zers of legal working ageโ€”those born 1997-2006. The restโ€”Baby Boomers, Gen X, and Millennialsโ€”are those born between 1946โ€“1996.

The timing for the youngest working generation could not be worse. Gen Z is just beginning to graduate college and high school, and are beginning to search for work and careers.

Gen Z is also an age group that is overrepresented in service industries like restaurants and travel–industries that were equally hard hit by the pandemic. In the U.S., for example, around 25% of young people work in the hospitality and leisure sectors. Between February and May 2020 alone, employment in these sectors decreased by 41%.

Countries like Spain are facing some of the biggest headwinds among OECD countries. The country already has a high unemployment rate for those aged 25-74, at 14%. But the unemployment rate for Gen Z is more than double that, at over 38%.

Implications For the Future

While it may be true throughout history that this age group is often less employed than older cohorts, the share of labor held by those aged 15-24 dropped significantly in 2020.

labor share gen z

Note: This chart represents the data from G7 countries.

In terms of their future employment prospects, some economists are anticipating what they call โ€˜scarringโ€™. Due to longer periods of unemployment, Gen Z will miss out on formative years gaining experience and training. This may impact them later in life, as their ability to climb the career ladder will be affected.

Starting out slower can also hit earnings. One study found that long periods of youth unemployment can reduce lifetime income by 2%. Finally, it is also postulated that with the current economic situation, Gen Zers may accept lower paying jobs setting them on a track of comparatively lower earnings over their lifetime.

Overall, there are many future implications associated with the current unemployment rate for Gen Zers. Often getting your foot in the door after college or high school is one of the hardest steps in starting a career. Once youโ€™re in, you gain knowledge, skills, and the oh-so-coveted experience needed to get ahead.

The Kids are Alright?

One positive for Gen Z is that they have been found to be more risk averse and financially conscious than other generations, and were so even prior to COVID-19. Many of them were children during the 2008 Recession and became very cautious as a result.

They are also the first digital generationโ€” the first to grow up without any memory of a time before the internet. Additionally, they have been called the first global generation. This could mean that they pioneer location-independent careers, create innovative revenue streams, and find new ways to define work.

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Countries

Charted: The Worldโ€™s Aging Population from 1950 to 2100

This graphic visualizes the worldโ€™s aging population, showing data for every country and territory around the world.

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Charted: The Worldโ€™s Aging Population from 1950 to 2100

As demographics continue to shift in the 21st century, the worldโ€™s aging population will continue to be a focal point for many global decision makers.

Most countries around the world have experienced population explosions, or are about to. Combine this with declining birth rates and falling mortality rates, and it’s clear that the global senior population will continue to reach new heights.

These graphics by Pablo Alvarez use data from the 2022 UN World Population Prospects to visualize this increasing aging population across countries.

The Worldโ€™s Aging Population from 1950 to 2100

In 2022, there were 771 million people aged 65+ years globally, accounting for almost 10% of the world’s population.

This segment has been growing at an increasing rate, and it’s expected to hit 16% in 2050, and eventually 24% by 2100. Here’s what that’s projected to look like, for every country and territory.

Country by Population Aged +65 Years195020222100
๐Ÿ‡ฆ๐Ÿ‡ซ Afghanistan2.85%2.39%16.03%
๐Ÿ‡ฆ๐Ÿ‡ฑ Albania6.04%16.66%49.08%
๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria3.49%6.39%28.83%
๐Ÿ‡ฆ๐Ÿ‡ธ American Samoa2.38%7.27%45.41%
๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra10.02%14.98%37.04%
๐Ÿ‡ฆ๐Ÿ‡ด Angola2.93%2.6%12.07%
๐Ÿ‡ฆ๐Ÿ‡ฎ Anguilla3.69%10.71%37.49%
๐Ÿ‡ฆ๐Ÿ‡ฌ Antigua and Barbuda4.14%10.63%35.4%
๐Ÿ‡ฆ๐Ÿ‡ท Argentina4.13%11.92%31.79%
๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia8.17%13.15%36.13%
๐Ÿ‡ฆ๐Ÿ‡ผ Aruba1.77%16.15%36.51%
๐Ÿ‡ฆ๐Ÿ‡บ Australia8.17%16.9%31.38%
๐Ÿ‡ฆ๐Ÿ‡น Austria10.42%19.81%33.93%
๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan6.89%7.11%30.5%
๐Ÿ‡ง๐Ÿ‡ธ Bahamas4.76%8.89%29.58%
๐Ÿ‡ง๐Ÿ‡ญ Bahrain2.88%3.76%21.89%
๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh3.9%6.04%32.56%
๐Ÿ‡ง๐Ÿ‡ง Barbados5.24%16.28%33.19%
๐Ÿ‡ง๐Ÿ‡พ Belarus8.24%17.18%30.45%
๐Ÿ‡ง๐Ÿ‡ช Belgium11.03%19.73%32.83%
๐Ÿ‡ง๐Ÿ‡ฟ Belize3.57%5.09%29.21%
๐Ÿ‡ง๐Ÿ‡ฏ Benin7.85%3.06%11.03%
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda5.71%20.41%37.73%
๐Ÿ‡ง๐Ÿ‡น Bhutan2.53%6.25%33.35%
๐Ÿ‡ง๐Ÿ‡ด Bolivia6.11%4.85%21.75%
๐Ÿ‡ง๐Ÿ‡ถ Bonaire Sint Eustatius and Saba14.22%13.84%28.94%
๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and Herzegovina3.95%18.4%36.4%
๐Ÿ‡ง๐Ÿ‡ผ Botswana4.32%3.65%17.96%
๐Ÿ‡ง๐Ÿ‡ท Brazil2.39%9.88%33.52%
๐Ÿ‡ป๐Ÿ‡ฌ British Virgin Islands8.63%9.95%32.47%
๐Ÿ‡ง๐Ÿ‡ณ Brunei4.85%6.17%30.93%
๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria6.66%22.38%37.13%
๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso2.01%2.53%13.07%
๐Ÿ‡ง๐Ÿ‡ฎ Burundi3.22%2.48%13.23%
๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia2.67%5.81%26.43%
๐Ÿ‡จ๐Ÿ‡ฒ Cameroon3.47%2.67%11.89%
๐Ÿ‡จ๐Ÿ‡ฆ Canada7.7%19.03%31.55%
๐Ÿ‡จ๐Ÿ‡ป Cape Verde3.67%5.55%32.63%
๐Ÿ‡ฐ๐Ÿ‡พ Cayman Islands6.05%8.17%28.75%
๐Ÿ‡จ๐Ÿ‡ซ Central African Republic5.%2.51%11.43%
๐Ÿ‡น๐Ÿ‡ฉ Chad4.33%2.01%9.64%
๐Ÿ‡จ๐Ÿ‡ฑ Chile3.3%13.03%36.61%
๐Ÿ‡จ๐Ÿ‡ณ China5.04%13.72%40.93%
๐Ÿ‡จ๐Ÿ‡ด Colombia3.22%9.%34.49%
๐Ÿ‡ฐ๐Ÿ‡ฒ Comoros3.8%4.28%17.81%
๐Ÿ‡จ๐Ÿ‡ฌ Congo3.36%2.72%11.99%
๐Ÿ‡จ๐Ÿ‡ฐ Cook Islands2.94%11.73%29.75%
๐Ÿ‡จ๐Ÿ‡ท Costa Rica2.97%10.83%36.99%
๐Ÿ‡จ๐Ÿ‡ฎ Cote d'Ivoire2.21%2.4%10.86%
๐Ÿ‡ญ๐Ÿ‡ท Croatia7.82%22.36%37.03%
๐Ÿ‡จ๐Ÿ‡บ Cuba4.36%15.81%36.31%
๐Ÿ‡จ๐Ÿ‡ผ Curacao5.82%14.95%30.46%
๐Ÿ‡จ๐Ÿ‡พ Cyprus5.95%14.83%33.36%
๐Ÿ‡จ๐Ÿ‡ฟ Czechia8.29%20.64%26.94%
๐Ÿ‡จ๐Ÿ‡ฉ Democratic Republic of Congo3.77%2.92%10.62%
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark9.04%20.49%30.45%
๐Ÿ‡ฉ๐Ÿ‡ฏ Djibouti1.99%4.54%19.68%
๐Ÿ‡ฉ๐Ÿ‡ฒ Dominica7.67%9.53%34.28%
๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic2.72%7.4%30.47%
๐Ÿ‡ช๐Ÿ‡จ Ecuador5.2%7.83%31.97%
๐Ÿ‡ช๐Ÿ‡ฌ Egypt2.95%4.83%21.77%
๐Ÿ‡ธ๐Ÿ‡ป El Salvador3.93%8.22%36.02%
๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea5.53%3.12%15.13%
๐Ÿ‡ช๐Ÿ‡ท Eritrea3.2%4.01%19.86%
๐Ÿ‡ช๐Ÿ‡ช Estonia10.56%20.58%34.15%
๐Ÿ‡ธ๐Ÿ‡ฟ Eswatini2.68%4.%16.26%
๐Ÿ‡ช๐Ÿ‡น Ethiopia3.01%3.14%18.6%
๐Ÿ‡ซ๐Ÿ‡ด Faeroe Islands7.59%17.92%26.91%
๐Ÿ‡ซ๐Ÿ‡ฐ Falkland Islands8.27%11.08%35.86%
๐Ÿ‡ซ๐Ÿ‡ฏ Fiji5.99%5.9%20.6%
๐Ÿ‡ซ๐Ÿ‡ฎ Finland6.63%23.27%34.04%
๐Ÿ‡ซ๐Ÿ‡ท France11.39%21.66%34.23%
๐Ÿ‡ฌ๐Ÿ‡ซ French Guiana7.96%5.98%21.13%
๐Ÿ‡ต๐Ÿ‡ซ French Polynesia3.%10.07%37.85%
๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon7.21%3.89%16.25%
๐Ÿ‡ฌ๐Ÿ‡ฒ Gambia2.5%2.43%16.06%
๐Ÿ‡ฌ๐Ÿ‡ช Georgia9.35%14.61%31.19%
๐Ÿ‡ฉ๐Ÿ‡ช Germany9.46%22.41%33.72%
๐Ÿ‡ฌ๐Ÿ‡ญ Ghana4.62%3.55%15.91%
๐Ÿ‡ฌ๐Ÿ‡ฎ Gibraltar6.94%20.84%37.63%
๐Ÿ‡ฌ๐Ÿ‡ท Greece6.8%22.82%37.52%
๐Ÿ‡ฌ๐Ÿ‡ฑ Greenland3.06%10.02%29.16%
๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada5.12%10.07%30.54%
๐Ÿ‡ฌ๐Ÿ‡ต Guadeloupe5.51%20.04%34.45%
๐Ÿ‡ฌ๐Ÿ‡บ Guam1.11%11.84%31.19%
๐Ÿ‡ฌ๐Ÿ‡น Guatemala2.31%4.91%28.05%
๐Ÿ‡ฌ๐Ÿ‡ฌ Guernsey11.96%16.64%35.4%
๐Ÿ‡ฌ๐Ÿ‡ณ Guinea5.39%3.32%14.%
๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-Bissau3.45%2.82%14.34%
๐Ÿ‡ฌ๐Ÿ‡พ Guyana3.89%6.28%28.94%
๐Ÿ‡ญ๐Ÿ‡น Haiti3.64%4.54%19.07%
๐Ÿ‡ญ๐Ÿ‡ณ Honduras3.96%4.27%26.5%
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong2.48%20.47%41.64%
๐Ÿ‡ญ๐Ÿ‡บ Hungary7.81%20.01%31.85%
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland7.52%15.33%34.25%
๐Ÿ‡ฎ๐Ÿ‡ณ India3.1%6.9%29.81%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia1.74%6.86%25.28%
๐Ÿ‡ฎ๐Ÿ‡ท Iran5.22%7.62%33.72%
๐Ÿ‡ฎ๐Ÿ‡ถ Iraq2.79%3.41%18.44%
๐Ÿ‡ฎ๐Ÿ‡ช Ireland10.99%15.14%32.48%
๐Ÿ‡ฎ๐Ÿ‡ฒ Isle of Man13.9%22.29%31.8%
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel4.%12.04%25.97%
๐Ÿ‡ฎ๐Ÿ‡น Italy8.09%24.05%38.19%
๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica3.83%7.45%44.05%
๐Ÿ‡ฏ๐Ÿ‡ต Japan4.89%29.92%38.7%
๐Ÿ‡ฏ๐Ÿ‡ช Jersey12.34%16.22%30.52%
๐Ÿ‡ฏ๐Ÿ‡ด Jordan5.03%3.84%27.3%
๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan6.47%8.04%19.58%
๐Ÿ‡ฐ๐Ÿ‡ช Kenya5.28%2.87%16.98%
๐Ÿ‡ฐ๐Ÿ‡ฎ Kiribati7.13%3.81%17.33%
๐Ÿ‡ฝ๐Ÿ‡ฐ Kosovo5.33%10.19%43.35%
๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait2.88%4.93%31.56%
๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan7.91%4.54%21.08%
๐Ÿ‡ฑ๐Ÿ‡ฆ Laos2.13%4.45%25.24%
๐Ÿ‡ฑ๐Ÿ‡ป Latvia10.12%21.86%32.86%
๐Ÿ‡ฑ๐Ÿ‡ง Lebanon7.24%9.89%32.11%
๐Ÿ‡ฑ๐Ÿ‡ธ Lesotho6.34%4.2%13.44%
๐Ÿ‡ฑ๐Ÿ‡ท Liberia2.97%3.31%13.88%
๐Ÿ‡ฑ๐Ÿ‡พ Libya5.21%4.86%27.77%
๐Ÿ‡ฑ๐Ÿ‡ฎ Liechtenstein7.89%19.37%34.79%
๐Ÿ‡ฑ๐Ÿ‡น Lithuania8.65%20.8%32.79%
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg9.71%15.03%31.55%
๐Ÿ‡ฒ๐Ÿ‡ด Macao3.11%13.%32.39%
๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar3.25%3.35%16.21%
๐Ÿ‡ฒ๐Ÿ‡ผ Malawi3.06%2.61%15.61%
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia4.91%7.5%30.78%
๐Ÿ‡ฒ๐Ÿ‡ป Maldives3.14%4.78%35.61%
๐Ÿ‡ฒ๐Ÿ‡ฑ Mali2.78%2.38%11.%
๐Ÿ‡ฒ๐Ÿ‡น Malta7.42%19.13%38.26%
๐Ÿ‡ฒ๐Ÿ‡ญ Marshall Islands5.68%4.56%17.8%
๐Ÿ‡ฒ๐Ÿ‡ถ Martinique5.85%22.77%37.31%
๐Ÿ‡ฒ๐Ÿ‡ท Mauritania1.44%3.22%15.03%
๐Ÿ‡ฒ๐Ÿ‡บ Mauritius3.18%12.79%33.76%
๐Ÿ‡พ๐Ÿ‡น Mayotte6.61%2.88%18.15%
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico2.99%8.32%34.88%
๐Ÿ‡ซ๐Ÿ‡ฒ Micronesia (country)4.11%6.16%27.59%
๐Ÿ‡ฒ๐Ÿ‡ฉ Moldova7.56%12.98%26.36%
๐Ÿ‡ฒ๐Ÿ‡จ Monaco15.64%35.92%30.16%
๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia3.87%4.61%26.18%
๐Ÿ‡ฒ๐Ÿ‡ช Montenegro7.85%16.55%34.16%
๐Ÿ‡ฒ๐Ÿ‡ธ Montserrat7.92%17.7%33.05%
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco2.86%7.72%29.97%
๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique3.13%2.57%13.43%
๐Ÿ‡ฒ๐Ÿ‡ฒ Myanmar3.21%6.82%23.69%
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia4.1%3.97%15.38%
๐Ÿ‡ณ๐Ÿ‡ท Nauru8.98%2.5%15.87%
๐Ÿ‡ณ๐Ÿ‡ต Nepal2.74%6.09%29.51%
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands7.76%20.31%32.89%
๐Ÿ‡ณ๐Ÿ‡จ New Caledonia5.%11.02%31.61%
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand9.09%16.31%33.2%
๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua2.71%5.29%28.92%
๐Ÿ‡ณ๐Ÿ‡ช Niger.92%2.4%9.76%
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria3.%2.97%12.31%
๐Ÿ‡ณ๐Ÿ‡บ Niue4.79%15.16%22.55%
๐Ÿ‡ฐ๐Ÿ‡ต North Korea2.72%11.71%30.49%
๐Ÿ‡ฒ๐Ÿ‡ฐ North Macedonia5.87%14.91%36.56%
๐Ÿ‡ฒ๐Ÿ‡ต Northern Mariana Islands2.95%10.81%32.09%
๐Ÿ‡ณ๐Ÿ‡ด Norway9.52%18.44%31.65%
๐Ÿ‡ด๐Ÿ‡ฒ Oman3.05%2.76%23.96%
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan5.48%4.27%17.23%
๐Ÿ‡ต๐Ÿ‡ผ Palau8.59%9.93%21.48%
๐Ÿ‡ต๐Ÿ‡ธ Palestine4.77%3.53%23.44%
๐Ÿ‡ต๐Ÿ‡ฆ Panama3.57%8.77%30.03%
๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea1.09%3.19%16.81%
๐Ÿ‡ต๐Ÿ‡พ Paraguay3.73%6.26%26.51%
๐Ÿ‡ต๐Ÿ‡ช Peru3.43%8.41%30.33%
๐Ÿ‡ต๐Ÿ‡ญ Philippines3.56%5.44%23.38%
๐Ÿ‡ต๐Ÿ‡ฑ Poland5.22%18.55%35.69%
๐Ÿ‡ต๐Ÿ‡น Portugal7.%22.9%36.28%
๐Ÿ‡ต๐Ÿ‡ท Puerto Rico3.63%22.93%48.9%
๐Ÿ‡ถ๐Ÿ‡ฆ Qatar3.5%1.52%15.01%
๐Ÿ‡ท๐Ÿ‡ช Reunion3.81%13.28%32.4%
๐Ÿ‡ท๐Ÿ‡ด Romania7.16%18.64%32.22%
๐Ÿ‡ท๐Ÿ‡บ Russia4.8%15.8%27.86%
๐Ÿ‡ท๐Ÿ‡ผ Rwanda2.76%3.2%17.36%
๐Ÿ‡ง๐Ÿ‡ฑ Saint Barthlemy7.3%10.61%43.89%
๐Ÿ‡ธ๐Ÿ‡ญ Saint Helena8.63%28.66%32.61%
๐Ÿ‡ฐ๐Ÿ‡ณ Saint Kitts and Nevis5.36%10.13%29.79%
๐Ÿ‡ฑ๐Ÿ‡จ Saint Lucia3.59%9.23%33.39%
๐Ÿ‡ฒ๐Ÿ‡ซ Saint Martin (French part)4.47%11.14%30.08%
๐Ÿ‡ต๐Ÿ‡ฒ Saint Pierre and Miquelon6.34%17.32%33.4%
๐Ÿ‡ป๐Ÿ‡จ Saint Vincent and the Grenadines7.71%10.86%32.34%
๐Ÿ‡ผ๐Ÿ‡ธ Samoa2.52%5.22%18.75%
๐Ÿ‡ธ๐Ÿ‡ฒ San Marino10.15%20.47%35.73%
๐Ÿ‡ธ๐Ÿ‡น Sao Tome and Principe3.92%3.76%15.6%
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia3.32%2.81%30.28%
๐Ÿ‡ธ๐Ÿ‡ณ Senegal3.42%3.14%16.54%
๐Ÿ‡ท๐Ÿ‡ธ Serbia6.15%20.56%37.55%
๐Ÿ‡ธ๐Ÿ‡จ Seychelles10.68%8.16%28.84%
๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone3.02%3.14%15.52%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore2.29%15.12%36.51%
๐Ÿ‡ธ๐Ÿ‡ฝ Sint Maarten (Dutch part)12.03%10.57%34.51%
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia6.63%16.98%33.4%
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia7.52%20.96%33.59%
๐Ÿ‡ธ๐Ÿ‡ง Solomon Islands4.03%3.47%15.29%
๐Ÿ‡ธ๐Ÿ‡ด Somalia2.6%2.57%10.75%
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa4.06%5.89%20.55%
๐Ÿ‡ฐ๐Ÿ‡ท South Korea2.74%17.49%44.44%
๐Ÿ‡ธ๐Ÿ‡ธ South Sudan3.48%2.89%13.11%
๐Ÿ‡ช๐Ÿ‡ธ Spain7.23%20.27%38.72%
๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka8.76%11.54%35.73%
๐Ÿ‡ธ๐Ÿ‡ฉ Sudan3.03%3.5%13.28%
๐Ÿ‡ธ๐Ÿ‡ท Suriname4.09%7.39%25.8%
๐Ÿ‡ธ๐Ÿ‡ช Sweden10.19%20.25%31.83%
๐Ÿ‡จ๐Ÿ‡ญ Switzerland9.49%19.31%32.61%
๐Ÿ‡ธ๐Ÿ‡พ Syria7.66%4.68%24.62%
๐Ÿ‡น๐Ÿ‡ผ Taiwan2.11%16.71%37.32%
๐Ÿ‡น๐Ÿ‡ฏ Tajikistan4.34%3.47%19.43%
๐Ÿ‡น๐Ÿ‡ฟ Tanzania2.2%3.1%14.97%
๐Ÿ‡น๐Ÿ‡ญ Thailand3.21%15.21%39.17%
๐Ÿ‡น๐Ÿ‡ฑ Timor3.14%5.21%25.42%
๐Ÿ‡น๐Ÿ‡ฌ Togo4.29%3.13%11.77%
๐Ÿ‡น๐Ÿ‡ฐ Tokelau4.7%8.66%25.03%
๐Ÿ‡น๐Ÿ‡ด Tonga4.6%6.22%21.65%
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago3.93%11.52%32.67%
๐Ÿ‡น๐Ÿ‡ณ Tunisia4.4%9.02%31.24%
๐Ÿ‡น๐Ÿ‡ท Turkey3.77%8.64%33.9%
๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan5.84%5.15%21.55%
๐Ÿ‡น๐Ÿ‡จ Turks and Caicos Islands5.79%10.34%28.25%
๐Ÿ‡น๐Ÿ‡ป Tuvalu4.98%6.48%16.15%
๐Ÿ‡บ๐Ÿ‡ฌ Uganda2.87%1.69%14.33%
๐Ÿ‡บ๐Ÿ‡ฆ Ukraine7.54%18.81%33.2%
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates3.35%1.83%15.77%
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom10.84%19.17%32.56%
๐Ÿ‡บ๐Ÿ‡ธ United States8.18%17.13%30.47%
๐Ÿ‡ป๐Ÿ‡ฎ United States Virgin Islands7.54%20.42%39.11%
๐Ÿ‡บ๐Ÿ‡พ Uruguay8.23%15.58%35.98%
๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan5.87%5.14%22.24%
๐Ÿ‡ป๐Ÿ‡บ Vanuatu5.65%3.74%16.29%
๐Ÿ‡ป๐Ÿ‡ช Venezuela2.29%8.61%27.71%
๐Ÿ‡ป๐Ÿ‡ณ Vietnam4.13%9.12%30.02%
๐Ÿ‡ผ๐Ÿ‡ซ Wallis and Futuna1.76%13.47%32.98%
๐Ÿ‡ช๐Ÿ‡ญ Western Sahara2.82%5.84%23.73%
๐Ÿ‡พ๐Ÿ‡ช Yemen3.98%2.66%18.25%
๐Ÿ‡ฟ๐Ÿ‡ฒ Zambia2.76%1.75%12.66%
๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe3.18%3.32%14.22%
๐ŸŒ World5.13%9.82%24.03%

Some of the places with high elderly shares today include high-income countries like Japan (30%), Italy (24%), and Finland (23%).

The lowest shares are concentrated in the Middle East and Africa. Many countries have just 2% of their population aged 65 years and older, such as Qatar, Uganda, and Afghanistan.

But over time, almost all countries are expected to see their older population segments grow. In just three decades, it is estimated that one-in-four European, North American, and Asian residents will be over 65 years of age.

By 2100, a variety of Asian countries and island nations facing low population growth are expected to see more than one-third of their populations aged 65 years or older, including South Korea and Jamaica at 44%. However, it’s actually Albania that’s the biggest outlier overall, with a projected 49% of its population to be aged 65 and older by 2100.

Passing the Generational Torch

The challenge of an aging population is set to impact all sectors of society, including labor and financial markets, demand for housing and transportation, and especially family structures and intergenerational ties.

One way to help grasp the nature of transition is to note the changing ratio between seniors and young children in the world population, as seen in the below crossover diagram:

Elderly population surpass that of children aged 5 and below

Dropping fertility rates, in addition to improved child and infant mortality rates, are known to have played a major role in the plateauing population of children.

However, not all countries have witnessed this crossover yet, as it usually coincides with higher levels of economic development.

As countries such as India, Brazil, and South Africa reach higher levels of per capita income, they will be likely to follow down the paths of more advanced economies, eventually experiencing similar demographic fates and challenges.

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