| Age group | Dependency ratio4, 5 | |
|---|---|---|
| Geography6, 7, 8 | 2017 | 2019 |
| Canada (map) | 63.1 | 64.3 |
| Newfoundland and Labrador (map) | 63.9 | 67.5 |
| Prince Edward Island (map) | 69.0 | 69.6 |
Does Canada have a high dependency ratio?
Canada’s age dependency ratio for the dependent population was: 48.8% reported in 2019 (most recent observation). This is a high value against a global average of 40.1%.
Filter:
| Age Dependency Ratio: All Countries | Latest Data (%) |
|---|---|
| Austria | 49.4 |
| Suriname | 48.9 |
| Canada | 48.8 |
| Russia | 48.8 |
What is the current dependency ratio?
United States’s age dependency ratio for the dependent population was: 46.1% reported in 2019 (most recent observation). This is a high value against a global average of 40.1%.
Filter:
| Age Dependency Ratio: All Countries | Latest Data (%) |
|---|---|
| Uruguay | 45.1 |
Which country has the highest dependency ratio?
Age dependency ratio, old (% of working-age population) – Country Ranking
| Rank | Country | Value |
|---|---|---|
| 1 | Japan | 48.01 |
| 2 | Finland | 36.63 |
| 3 | Italy | 36.57 |
| 4 | Portugal | 35.49 |
Why is Canada productivity so low?
Greater proportion of large corporations. Finally, compared to the US, Canada is home to a relatively large number of small companies (those with less than 500 employees), and comparatively few large businesses. Small businesses are, on average, less productive than larger companies.
How to find dependency ratio?
The youth dependency ratio is the population ages 0-15 divided by the population ages 16-64. The old-age dependency ratio is the population ages 65-plus divided by the population ages 16-64. The total age dependency ratio is the sum of the youth and old-age ratios.
What is a high dependency ratio?
A high dependency ratio indicates that the economically active population and the overall economy face a greater burden to support and provide the social services needed by children and by older persons who are often economically dependent.
Should dependency ratio be high or low?
A low dependency ratio means that there are sufficient people working who can support the dependent population. A lower ratio could allow for better pensions and better health care for citizens. A higher ratio indicates more financial stress on working people and possible political instability.
What country has a low dependency ratio?
The highest value was in Niger: 110.26 percent and the lowest value was in Qatar: 17.81 percent. The indicator is available from 1960 to 2021.
Does China have a high or low dependency ratio?
According to the Seventh National Chinese Population Census, the age dependency ratio in China increased to 46.3 percent in 2021.
Total age dependency ratio in China from 2011 to 2021.
| Characteristic | Dependency ratio |
|---|---|
| 2019 | 41.5% |
| 2018 | 40.4% |
| 2017 | 39.2% |
| 2016 | 37.9% |
What is China’s dependency ratio?
Currently, the total dependency ratio in China is about 38 per cent, which is considered low globally.
Is Canada’s economy declining or improving?
Economic activity has expanded for four consecutive quarters, increasing by 4.6% over this period. Overall activity in the second quarter was 1.7% above pre-pandemic levels in late 2019.
What is Canada’s major weakness?
Weaknesses of Canada
Canada’s biggest challenges are related to its economy which is heavily dependent upon the U.S. economy. If the U.S. economy stumbles, so does the Canadian’s one. Furthermore, because of its share of border with the U.S., the shipments of Canadian goods to other markets become very expensive.
Why is there no more people in Canada?
The large size of Canada’s north, which is not at present arable, and thus cannot support large human populations, significantly lowers the country’s carrying capacity. In 2021, the population density of Canada was 4.2 people per square kilometre.
What is economic dependency ratio?
The Economic Dependency Ratio (EDR) measures the relationship between non-workers and the employed population. Non-workers include children, the unemployed population, and those that are not in the labor force (i.e., individuals that are not working or actively searching for work).
Why is rising dependency ratio a cause of worry in many countries?
A rising dependency ratio is a cause for worry in countries that are facing an ageing population, since it becomes difficult for a relatively smaller proportion of working-age people to carry the burden of providing for a relatively larger proportion of dependents.
How do you calculate dependency ratio in Excel?
Dependency Ratio
- Dependency Ratio = Dependents / Working Class Population * 100.
- Dependency Ratio = [(Total Number of Children under age 14) + (Total Number of Senior Citizens above age 65)] / Total Number of People from the age group of 15 to 65 *100.
What affects the dependency ratio?
The dependency ratio refers to the proportion of the population that is dependent on the welfare state in comparison with the proportion of the population in employment. This measure is calculated by the number of dependents on the state (ages 0-14 years old and 65+ year olds) compared to the total population.
What is a dependency ratio and why is it important?
The dependency ratio is important because it shows the ratio of economically inactive compared to economically active. Economically active will pay much more income tax, corporation tax, and, to a lesser extent, more sales and VAT taxes.
What is the importance of dependency ratio?
The demographic dependency ratio measures the size of the “dependent” population in relation to the “working age” population who theoretically provide social and economic support. Changes in demographic dependency ratios highlight changes in the age composition of the population.
Why is a high dependency ratio bad?
1 Rising dependency ratios will impact negatively on future growth, savings, consumption, taxation, and pensions. They will also require major social adjustments because the population of older persons is itself ageing. The fastest growing group is the ‘older–old’, those aged 80 years and above.