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Mapping the World’s Youngest and Oldest Countries

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Mapping the World’s Youngest and Oldest Countries

Country age demographics are determined by two key factors: fertility and mortality.

Throughout history, it was typical to see both birth and death rates at higher levels. But today, in most parts of the world, women are having fewer children, and innovations in healthcare and technology mean we are all living longer. The average person today lives to 72.6 years old, while the rate of births per woman has fallen to 2.5.

These trends have drastically altered the demographics of mature economies, resulting in a much older population. In many developing countries, however, births still outweigh deaths, resulting in populations that skew younger.

This visualization uses data from the World Bank to examine the countries with the highest shares of old and young people.

The Fountain of Youth

By 2030, the United Nations estimates there will be 1.3 billion people on the planet between the ages of 15-24. Proving to be a fountain of youth globally, the continent of Africa boasts the top 10 countries with the largest shares of young people in the world.

Somalia, Zambia, and the DRC are just a few to crack the top 10 list. The youngest country in the world is Niger, where almost 50% of the population is below the age of 15.

Here’s a full list of global countries, sorted by percentage of population under 15 years old:

CountryShare of Population Younger Than 15 (% of total, 2019)
🇳🇪 Niger49.8%
🇲🇱 Mali47.3%
🇹🇩 Chad46.8%
🇦🇴 Angola46.6%
🇺🇬 Uganda46.5%
🇸🇴 Somalia46.4%
🇨🇩 Congo, Dem. Rep.46.0%
🇧🇮 Burundi45.4%
🇧🇫 Burkina Faso44.7%
🇿🇲 Zambia44.5%
🇲🇿 Mozambique44.4%
🇬🇲 The Gambia44.1%
🇹🇿 Tanzania43.8%
🇳🇬 Nigeria43.7%
🇲🇼 Malawi43.5%
🇬🇳 Guinea43.4%
🇸🇳 Senegal42.8%
🇦🇫 Afghanistan42.5%
🇨🇲 Cameroon42.4%
🇧🇯 Benin42.2%
🇬🇼 Guinea-Bissau42.2%
🇿🇼 Zimbabwe42.2%
🇸🇹 Sao Tome and Principe42.1%
🇨🇮 Cote d'Ivoire41.7%
🇸🇸 South Sudan41.6%
🇨🇬 Congo41.5%
🇹🇬 Togo41.0%
🇱🇷 Liberia40.8%
🇸🇱 Sierra Leone40.7%
🇲🇬 Madagascar40.4%
🇪🇹 Ethiopia40.3%
🇸🇩 Sudan40.2%
🇸🇧 Solomon Islands40.1%
🇲🇷 Mauritania39.9%
🇷🇼 Rwanda39.8%
🇰🇲 Comoros39.3%
🇰🇪 Kenya39.2%
🇾🇪 Yemen39.2%
🇻🇺 Vanuatu38.7%
🇮🇶 Iraq38.0%
🇼🇸 Samoa37.9%
🇸🇿 Eswatini37.8%
🇬🇭 Ghana37.4%
🇹🇱 Timor-Leste37.3%
🇬🇦 Gabon37.2%
🇹🇯 Tajikistan37.1%
🇬🇶 Equatorial Guinea37.0%
🇳🇦 Namibia36.9%
🇰🇮 Kiribati35.8%
🇵🇬 Papua New Guinea35.5%
🇵🇰 Pakistan35.1%
🇹🇴Tonga35.1%
🇬🇹 Guatemala33.9%
🇧🇼 Botswana33.8%
🇪🇬 Egypt33.8%
🇯🇴 Jordan33.6%
🇭🇹 Haiti32.9%
🇰🇬 Kyrgyzstan32.5%
🇱🇸 Lesotho32.5%
🇱🇦 Laos32.3%
🇫🇲 Micronesia31.5%
🇭🇳 Honduras31.2%
🇰🇭 Cambodia31.1%
🇸🇾 Syria31.1%
🇲🇳 Mongolia30.8%
🇹🇲 Turkmenistan30.8%
🇧🇴 Bolivia30.6%
🇩🇿 Algeria30.6%
🇵🇭 Philippines30.5%
🇳🇮 Nicaragua29.9%
🇧🇿 Belize29.7%
🇳🇵 Nepal29.6%
🇫🇯 Fiji29.3%
🇩🇯 Djibouti29.2%
🇵🇾 Paraguay29.2%
🇿🇦 South Africa29.0%
🇰🇿 Kazakhstan28.9%
🇺🇿 Uzbekistan28.8%
🇨🇻 Cape Verde28.4%
🇱🇾 Libya28.1%
🇬🇾 Guyana27.9%
🇮🇱 Israel27.9%
🇩🇴 Dominican Republic27.7%
🇪🇨 Ecuador27.7%
🇻🇪 Venezuela27.4%
🇧🇩 Bangladesh27.2%
🇲🇦 Morocco27.0%
🇸🇻 El Salvador26.9%
🇸🇷 Suriname26.9%
🇵🇦 Panama26.8%
🇮🇳 India26.6%
🇮🇩 Indonesia26.2%
🇲🇽 Mexico26.2%
🇲🇲 Myanmar25.9%
🇱🇧 Lebanon25.6%
🇧🇹 Bhutan25.3%
🇵🇪 Peru25.3%
🇸🇦 Saudi Arabia24.9%
🇮🇷 Iran24.7%
🇦🇷 Argentina24.6%
🇹🇷 Turkey24.3%
🇹🇳 Tunisia24.2%
🇬🇺 Guam24.1%
🇱🇰 Sri Lanka24.0%
🇬🇩 Grenada23.7%
🇲🇾 Malaysia23.7%
🇸🇨 Seychelles23.7%
🇯🇲 Jamaica23.5%
🇦🇿Azerbaijan23.4%
🇻🇳 Vietnam23.2%
🇧🇳 Brunei 22.6%
🇨🇴 Colombia22.6%
🇵🇫 French Polynesia22.6%
🇳🇨 New Caledonia22.4%
🇴🇲 Oman22.4%
🇻🇨 St. Vincent and the Grenadines22.2%
🇧🇸 Bahamas22.1%
🇦🇬 Antigua and Barbuda22.0%
🇰🇼 Kuwait21.6%
🇮🇪 Ireland21.2%
🇨🇷 Costa Rica21.1%
🇧🇷 Brazil21.0%
🇦🇲 Armenia20.8%
🇺🇾 Uruguay20.5%
🇹🇹 Trinidad and Tobago20.3%
🇬🇪 Georgia20.0%
🇰🇵 North Korea20.0%
🇲🇻 Maldives19.9%
🇮🇸 Iceland19.6%
🇳🇿 New Zealand19.6%
🇨🇱 Chile19.5%
🇻🇮 U.S. Virgin Islands19.5%
🇦🇺 Australia19.3%
🇧🇭 Bahrain18.7%
🇨🇼 Curacao18.5%
🇺🇸 United States18.5%
🇱🇨 St. Lucia18.2%
🇲🇪 Montenegro18.2%
🇷🇺 Russia18.2%
🇨🇳 China17.8%
🇫🇷 France17.8%
🇬🇧 United Kingdom17.7%
🇦🇼 Aruba17.6%
🇸🇪 Sweden17.6%
🇦🇱 Albania17.4%
🇳🇴 Norway17.4%
🇲🇺 Mauritius17.3%
🇧🇪 Belgium17.1%
🇧🇧 Barbados17.1%
🇧🇾 Belarus17.0%
🇹🇭 Thailand16.8%
🇨🇾 Cyprus16.7%
🇪🇪 Estonia16.5%
🇩🇰 Denmark16.4%
🇲🇰 North Macedonia16.4%
🇱🇻 Latvia16.3%
🇵🇷 Puerto Rico16.3%
🇨🇺 Cuba16.0%
🇫🇮 Finland16.0%
🇲🇩 Moldova15.9%
🇳🇱 Netherlands15.9%
🇺🇦 Ukraine15.9%
🇨🇦 Canada15.8%
🇨🇿 Czech Republic15.7%
🇱🇺 Luxembourg15.7%
🇷🇴 Romania15.6%
🇷🇸 Serbia15.5%
🇸🇰 Slovakia15.5%
🇵🇱 Poland15.2%
Channel Islands15.1%
🇱🇹 Lithuania15.1%
🇸🇮 Slovenia15.1%
🇨🇭 Switzerland14.9%
🇦🇪 United Arab Emirates14.7%
🇧🇬 Bulgaria14.7%
🇧🇦 Bosnia and Herzegovina14.7%
🇪🇸 Spain14.6%
🇭🇷 Croatia14.6%
🇦🇹 Austria14.4%
🇭🇺 Hungary14.4%
🇲🇹 Malta14.3%
🇲🇴 Macao SAR, China14.0%
🇬🇷 Greece13.9%
🇩🇪 Germany13.8%
🇶🇦 Qatar13.6%
🇵🇹 Portugal13.3%
🇮🇹 Italy13.2%
🇰🇷 South Korea12.7%
🇯🇵 Japan12.6%
🇭🇰 Hong Kong SAR, China12.3%
🇸🇬 Singapore12.3%

Young countries have significant opportunities ahead of them. A younger population means a larger upcoming workforce and more opportunities for innovation and economic growth.

While domestic markets in Africa grow in terms of labor supply, innovation, and potential consumers, there are also challenges that arise in these countries. Corruption, political instability and unemployment, particularly in Africa, are all potential barriers to prosperity for the continent’s Gen Z population.

Populations Skewing Older

The world’s oldest country is Japan, where 28% of the population is older than 65. However, it’s an anomaly—the rest of the oldest countries in the top 10 are all in Europe.

Globally, it’s the 65+ age group that is growing the fastest. According to the same UN estimates, it is predicted that by 2050 that one in six people will be over 65 years old.

Here’s a full list of global countries, sorted by percentage of population over 65 years old:

CountryShare of Population Older Than 65 (% of total, 2019)
🇯🇵 Japan28.0%
🇮🇹 Italy23.0%
🇵🇹 Portugal22.4%
🇫🇮 Finland22.1%
🇬🇷 Greece21.9%
🇩🇪 Germany21.5%
🇧🇬 Bulgaria21.2%
🇭🇷 Croatia20.8%
🇲🇹 Malta20.8%
🇫🇷 France20.3%
🇱🇻 Latvia20.3%
🇸🇪 Sweden20.1%
🇸🇮 Slovenia20.1%
🇱🇹 Lithuania20.1%
🇪🇪 Estonia19.9%
🇩🇰 Denmark19.9%
🇻🇮 U.S. Virgin Islands 19.8%
🇨🇿 Czech Republic19.8%
🇵🇷 Puerto Rico19.6%
🇭🇺 Hungary19.6%
🇪🇸 Spain19.6%
🇳🇱 Netherlands19.6%
🇦🇹 Austria19.0%
🇧🇪 Belgium19.0%
🇨🇭 Switzerland18.8%
🇷🇴 Romania18.7%
🇷🇸 Serbia18.7%
🇬🇧 United Kingdom18.5%
🇵🇱 Poland18.1%
🇨🇦 Canada17.6%
Channel Islands17.6%
🇭🇰 Hong Kong SAR, China17.4%
🇳🇴 Norway17.2%
🇧🇦 Bosnia and Herzegovina17.2%
🇨🇼 Curaçao17.1%
🇺🇦 Ukraine16.7%
🇧🇧 Barbados16.2%
🇺🇸 United States16.2%
🇸🇰 Slovakia16.1%
🇳🇿 New Zealand15.9%
🇦🇺 Australia15.9%
🇨🇺 Cuba15.5%
🇲🇪 Montenegro15.3%
🇧🇾 Belarus15.2%
🇮🇸 Iceland15.1%
🇷🇺 Russia15.0%
🇬🇪 Georgia15.0%
🇰🇷 South Korea15.0%
🇺🇾 Uruguay14.9%
🇱🇺 Luxembourg14.2%
🇮🇪 Ireland14.2%
🇦🇱 Albania14.2%
🇲🇰 North Macedonia14.0%
🇦🇼 Aruba14.0%
🇨🇾 Cyprus14.0%
🇹🇭 Thailand12.4%
🇸🇬 Singapore12.3%
🇮🇱 Israel12.2%
🇲🇩 Moldova12.0%
🇲🇺 Mauritius11.9%
🇨🇱 Chile11.8%
🇦🇲 Armenia11.4%
🇨🇳 China11.4%
🇦🇷 Argentina11.2%
🇲🇴 Macao SAR, China11.2%
🇹🇹 Trinidad and Tobago11.1%
🇱🇰 Sri Lanka10.8%
🇬🇺 Guam10.1%
🇱🇨 St. Lucia10.0%
🇨🇷 Costa Rica9.8%
🇻🇨 St. Vincent and the Grenadines9.7%
🇬🇩 Grenada9.6%
🇳🇨 New Caledonia9.4%
🇰🇵 North Korea9.2%
🇧🇷 Brazil9.2%
🇦🇬 Antigua and Barbuda9.0%
🇯🇲 Jamaica8.9%
🇨🇴 Colombia8.7%
🇹🇷 Turkey8.7%
🇵🇫 French Polynesia8.6%
🇹🇳 Tunisia8.5%
🇸🇻 El Salvador8.4%
🇵🇪 Peru8.3%
🇵🇦 Panama8.3%
🇸🇨 Seychelles7.8%
🇰🇿 Kazakhstan7.6%
🇻🇪 Venezuela7.6%
🇻🇳 Vietnam7.5%
🇧🇸 Bahamas7.4%
🇲🇽 Mexico7.4%
🇪🇨 Ecuador7.3%
🇧🇴 Bolivia7.3%
🇲🇦 Morocco7.3%
🇩🇴 Dominican Republic7.2%
🇱🇧 Lebanon7.2%
🇸🇷 Suriname7.0%
🇲🇾 Malaysia6.9%
🇬🇾 Guyana6.7%
🇵🇾 Paraguay6.6%
🇩🇿 Algeria6.5%
🇦🇿 Azerbaijan6.4%
🇮🇳 India6.3%
🇮🇷 Iran6.3%
🇧🇹 Bhutan6.0%
🇮🇩 Indonesia6.0%
🇲🇲 Myanmar6.0%
🇹🇴 Tonga5.9%
🇳🇵 Nepal5.7%
🇫🇯 Fiji5.6%
🇳🇮 Nicaragua5.4%
🇿🇦 South Africa5.4%
🇵🇭 Philippines5.3%
🇪🇬 Egypt5.2%
🇧🇳 Brunei 5.2%
🇧🇩 Bangladesh5.1%
🇭🇹 Haiti5.0%
🇼🇸 Samoa4.9%
🇬🇹 Guatemala4.9%
🇱🇸 Lesotho4.9%
🇧🇿 Belize4.8%
🇭🇳 Honduras4.8%
🇰🇭 Cambodia4.7%
🇨🇻 Cape Verde4.6%
🇸🇾 Syria4.6%
🇩🇯 Djibouti4.6%
🇰🇬 Kyrgyzstan4.6%
🇺🇿 Uzbekistan4.5%
🇹🇲 Turkmenistan4.5%
🇱🇾 Libya4.4%
🇧🇼 Botswana4.3%
🇵🇰 Pakistan4.3%
🇹🇱 Timor-Leste4.2%
🇫🇲 Micronesia4.1%
🇲🇳 Mongolia4.1%
🇱🇦 Laos4.1%
🇰🇮 Kiribati4.0%
🇸🇿 Eswatini4.0%
🇯🇴 Jordan3.8%
🇲🇻 Maldives3.6%
🇸🇧 Solomon Islands3.6%
🇸🇩 Sudan3.6%
🇻🇺 Vanuatu3.6%
🇳🇦 Namibia3.6%
🇬🇦 Gabon3.5%
🇪🇹 Ethiopia3.5%
🇵🇬 Papua New Guinea3.5%
🇸🇦 Saudi Arabia3.4%
🇮🇶 Iraq3.3%
🇸🇸 South Sudan3.3%
🇱🇷 Liberia3.2%
🇧🇯 Benin3.2%
🇲🇷 Mauritania3.1%
🇸🇳 Senegal3.0%
🇬🇭 Ghana3.0%
🇹🇯 Tajikistan3.0%
🇰🇲 Comoros3.0%
🇲🇬 Madagascar3.0%
🇷🇼 Rwanda3.0%
🇨🇩 Democratic Republic of the Congo3.0%
🇿🇼 Zimbabwe2.9%
🇸🇹 Sao Tome and Principe2.9%
🇸🇱 Sierra Leone2.9%
🇬🇳 Guinea2.9%
🇾🇪 Yemen2.9%
🇸🇴 Somalia2.8%
🇹🇬 Togo2.8%
🇲🇿 Mozambique2.8%
🇨🇮 Cote d'Ivoire2.8%
🇬🇼 Guinea-Bissau2.8%
🇨🇫 Central African Republic2.8%
🇰🇼 Kuwait2.7%
🇳🇬 Nigeria2.7%
🇨🇲 Cameroon2.7%
🇨🇬 Congo2.7%
🇲🇼 Malawi2.6%
🇹🇿 Tanzania2.6%
🇦🇫 Afghanistan2.6%
🇳🇪 Niger2.5%
🇬🇲 The Gambia2.5%
🇧🇭 Bahrain2.5%
🇲🇱 Mali2.4%
🇹🇩 Chad2.4%
🇴🇲 Oman2.4%
🇬🇶 Equatorial Guinea2.4%
🇰🇪 Kenya2.4%
🇧🇫 Burkina Faso2.4%
🇧🇮 Burundi2.3%
🇦🇴 Angola2.1%
🇿🇲 Zambia2.1%
🇺🇬 Uganda1.9%
🇶🇦 Qatar1.5%
🇦🇪 United Arab Emirates1.1%

Fewer births, and a resulting older population, is a trend attributed to the changing lifestyles of women. For example, Japan’s fertility rate has fallen to less than 1.5 children per woman due to modern access to contraceptives and the prioritization of work over marriage and family life.

However, fewer young people also means a smaller workforce on the horizon and a shrinking domestic market. There is also a rising social cost of caring for the elderly, as longer lifespans have resulted in a higher prevalence of chronic diseases and an increasing inability to care for oneself. This can result in an increased tax burden on the diminishing younger, working population.

Another Perspective on the Data

Looking at the data from the opposite angle also reveals information about our world. Here’s a look at the countries with the lowest proportions of younger or older people.

youngest and oldest countries

Hong Kong and Singapore have some of the lowest fertility rates in the world (1.1), so it’s no surprise to see low numbers of children in their demographic data.

In a country like the United Arab Emirates, the majority of the population is made up of foreign workers, so the number of people in the 65+ age group is extremely low. In the coming decades though, the situation is expected to shift dramatically with one in every five Emiratis residing that age group by 2050.

The Big Picture

While each country has its own unique demographic make up, one thing is clear. As education and wealth levels rise around the world, fertility rates are dropping almost everywhere.

The trend of long life expectancies and fewer births is likely to continue, but young outliers will remain and they present immense economic potential.

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Markets

The European Stock Market: Attractive Valuations Offer Opportunities

On average, the European stock market has valuations that are nearly 50% lower than U.S. valuations. But how can you access the market?

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Bar chart showing that European stock market indices tend to have lower or comparable valuations to other regions.

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The following content is sponsored by STOXX

European Stock Market: Attractive Valuations Offer Opportunities

Europe is known for some established brands, from L’Oréal to Louis Vuitton. However, the European stock market offers additional opportunities that may be lesser known.

The above infographic, sponsored by STOXX, outlines why investors may want to consider European stocks.

Attractive Valuations

Compared to most North American and Asian markets, European stocks offer lower or comparable valuations.

IndexPrice-to-Earnings RatioPrice-to-Book Ratio
EURO STOXX 5014.92.2
STOXX Europe 60014.42
U.S.25.94.7
Canada16.11.8
Japan15.41.6
Asia Pacific ex. China17.11.8

Data as of February 29, 2024. See graphic for full index names. Ratios based on trailing 12 month financials. The price to earnings ratio excludes companies with negative earnings.

On average, European valuations are nearly 50% lower than U.S. valuations, potentially offering an affordable entry point for investors.

Research also shows that lower price ratios have historically led to higher long-term returns.

Market Movements Not Closely Connected

Over the last decade, the European stock market had low-to-moderate correlation with North American and Asian equities.

The below chart shows correlations from February 2014 to February 2024. A value closer to zero indicates low correlation, while a value of one would indicate that two regions are moving in perfect unison.

EURO
STOXX 50
STOXX
EUROPE 600
U.S.CanadaJapanAsia Pacific
ex. China
EURO STOXX 501.000.970.550.670.240.43
STOXX EUROPE 6001.000.560.710.280.48
U.S.1.000.730.120.25
Canada1.000.220.40
Japan1.000.88
Asia Pacific ex. China1.00

Data is based on daily USD returns.

European equities had relatively independent market movements from North American and Asian markets. One contributing factor could be the differing sector weights in each market. For instance, technology makes up a quarter of the U.S. market, but health care and industrials dominate the broader European market.

Ultimately, European equities can enhance portfolio diversification and have the potential to mitigate risk for investors

Tracking the Market

For investors interested in European equities, STOXX offers a variety of flagship indices:

IndexDescriptionMarket Cap 
STOXX Europe 600Pan-regional, broad market€10.5T
STOXX Developed EuropePan-regional, broad-market€9.9T
STOXX Europe 600 ESG-XPan-regional, broad market, sustainability focus€9.7T
STOXX Europe 50Pan-regional, blue-chip€5.1T
EURO STOXX 50Eurozone, blue-chip€3.5T

Data is as of February 29, 2024. Market cap is free float, which represents the shares that are readily available for public trading on stock exchanges.

The EURO STOXX 50 tracks the Eurozone’s biggest and most traded companies. It also underlies one of the world’s largest ranges of ETFs and mutual funds. As of November 2023, there were €27.3 billion in ETFs and €23.5B in mutual fund assets under management tracking the index.

“For the past 25 years, the EURO STOXX 50 has served as an accurate, reliable and tradable representation of the Eurozone equity market.”

— Axel Lomholt, General Manager at STOXX

Partnering with STOXX to Track the European Stock Market

Are you interested in European equities? STOXX can be a valuable partner:

  • Comprehensive, liquid and investable ecosystem
  • European heritage, global reach
  • Highly sophisticated customization capabilities
  • Open architecture approach to using data
  • Close partnerships with clients
  • Part of ISS STOXX and Deutsche Börse Group

With a full suite of indices, STOXX can help you benchmark against the European stock market.

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Learn how STOXX’s European indices offer liquid and effective market access.

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