[ad_1]
This article looks at the 20 countries with the highest age dependency rates in the world. If you want to skip the detailed analysis, you can go directly to the next page. Five Countries with the highest age dependency rates in the world.
Age structure around the world
According to a UNCTAD report, by 2022 there will be 54 children and older for every 100 people of working age. The top 30 countries with the highest age dependency rates are all located in Africa, with high levels of child dependency being a major factor. In contrast, economies in the Arabian Peninsula and the Caribbean had lower age dependence rates.
In general, the age dependence rate initially tends to decrease before increasing once the population exceeds 64 years of age. This first decline in age-dependent rates has occurred in most regions of the world. Age dependency is already increasing in developed countries and is predicted to reach 73% by 2050. However, in Africa, the decline in age dependency ratio will continue even after 2050.
The age structure is also different between developed and developing countries. In developed countries, there are relatively few young people. The most common age group in this economy is from 35 to 54. Conversely, in developing countries, the number of older classes is smaller than the number of younger classes.
High Dependency in Africa: An Analysis
Compared to other regions of the world, Africa’s population is young. The U.S. Census Bureau reports that in 2020, only 5.6% of Africa’s population was over 60 years old, compared to 23.4% in North America. Although the proportion of adults in the total population across Africa is decreasing, it remains high. In 2020, the population of people over 60 in 18 countries in Africa exceeded 1 million. Additionally, the population of sub-Saharan Africa over the age of 60 is expected to increase from 50 million in 2020 to 600 million by 2100. The proportion of elderly people as a proportion of the working-age population is on the rise in the region.
Fertility rates tend to influence the age structure of a country as a whole. Many sub-Saharan African countries have high birth rates, which influences their age structure. Uganda, for example, has one of the lowest average ages in the world. Tunisia in North Africa has seen a decline in birth rates, which has resulted in the country’s average age being relatively high. A low median age also indicates a high dependency ratio where the working age population is relatively young and older and younger people are dependent on the working age population.
In Africa, the health status of adults remains poor compared with high-income countries and other low- and middle-income countries, due to the limited share of GDP in the health sector. According to a report by the National Bureau of Economic Research, older adults in Africa tend to be disproportionately affected by non-communicable diseases, as 80% of health budgets are spent on infectious diseases. Elderly people in African countries such as Nigeria, Kenya, and Uganda lack access to health facilities. Thirty percent of the region’s elderly population is unable to perform normal activities, including work, due to illness or injury.
Companies that tackle problems elderly disease burden
Healthcare companies like AstraZeneca plc (NASDAQ:AZN), Novo Nordisk A/S (NYSE:NVO), and Pfizer Inc. (NYSE) have significantly improved the life expectancy and health of older adults around the world. Did. :PFE) is progressing. Let’s take a look at what these companies have been up to.
AstraZeneca (NASDAQ:AZN) is a well-known biopharmaceutical company with operations in more than 100 countries around the world. The company recently made developments in HR-positive breast cancer, the most common subtype of breast cancer worldwide. On March 27, AstraZeneca (NASDAQ:AZN) reported that Japan’s Ministry of Health, Labor and Welfare (MHLW) has approved the combination of its Torcap and Faslodex for adult patients with advanced HR-positive breast cancer. This approval was granted based on a trial that showed Truqap and Faslodex reduced the risk of disease progression or death by 50% compared to Faslodex alone.
Novo Nordisk A/S (NYSE:NVO) is also known as a global healthcare company that treats serious chronic diseases. The company continues to target a wide range of adult diseases, including diabetes, through innovation. On March 21, Novo Nordisk A/S (NYSE:NVO) reported that Awiqli has been recommended for approval by the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP). Awiqli is a once-weekly basal insulin preparation designed to treat diabetes in adults by covering his basal insulin needs for one week with one subcutaneous injection.
Pfizer Inc. (NYSE:PFE) makes medicines and vaccines for oncology, cardiology, immunology, and neurology. On February 19, the company announced that it has received marketing approval from the European Commission (EC) for VELSIPITY as a treatment for patients aged 16 and older with moderately to severely active ulcerative colitis in the EU. Previously, Pfizer Inc.’s (NYSE: PFE) his VELSIPITY was approved by the U.S. Food and Drug Administration (FDA) for adults with moderately to severely active ulcerative colitis, an inflammatory bowel disease.
Now that we have analyzed the age structure around the world and the factors that contribute to it, let’s move on to the 20 most age-dependent countries in the world.
Ranking of Africa’s 20th largest economy by PPP
Our methodology:
To compile our list of the world’s 20 most age-dependent countries, we obtained data from the World Bank. The age dependency ratio as a share of the labor force is chosen as the indicator. This indicator represents the proportion of her dependents aged under 15 or over 64 to the working age population aged 15 to 64. It represents the proportion of dependents per 100 people of working age. The latest data is available from 2022. Countries are therefore ranked in ascending order of the proportion of dependents per 100 working-age population, or age dependency ratio.
20 countries with the highest age dependency rates in the world
20. Cameroon
Age dependency rate (2022): 81.4%
Cameroon’s age dependency ratio reached 81.4% in 2022. During the same period, Cameroon’s median age was just 17.55 years, one of the lowest in the world.
19. Malawi
Age dependency rate (2022): 82.5%
Malawi is also a country with a high proportion of dependents per 100 people of working age. According to the World Bank, the country’s age dependency ratio was 82.5% in 2022.
18. Gambia
Age dependency rate (2022): 83.4%
The Gambia is one of the 20 countries with the highest age dependency ratio in the world. In 2022, 43% of the country’s population will be under the age of 14, indicating a high proportion of young dependents compared to the working-age population.
17. Benin
Age dependency rate (2022): 83.5%
Benin is a country located in West Africa that tends to have a large non-working population dependent on the labor force. The age dependency rate in this country in 2022 was 83.5%.
16. Afghanistan
Age dependency rate (2022): 83.6%
In 2022, the ratio of dependents per 100 working-age population in Afghanistan reached 83.6%. Moreover, the median age in this country was as low as 16.87 years.
15. Nigeria
Age dependency rate (2022): 85.3%
Nigeria is one of the most densely populated countries in Africa and one of the youngest countries in the world. The country has a high birth rate, which results in a high dependency rate.
14. Mozambique
Age dependency rate (2022): 85.5%
Mozambique’s age dependency ratio decreased from 86.1% in 2021 to 85.5% in 2022. However, the country still maintains a high age dependency ratio.
13. Burkina Faso
Age dependency rate (2022): 86.1%
Burkina Faso is a West African country that suffers from a number of problems, including food and nutrition insecurity, poverty, and lack of education. This country has a high age dependency ratio, meaning that economically dependent citizens bear a heavy burden.
12. Tanzania
Age dependency rate (2022): 86.8%
Although Tanzania’s age dependency ratio decreased from 2021 to 2022, it remains one of the highest in the world. In 2022, the country recorded an age dependency ratio of 86.8%.
11. Uganda
Age dependency rate (2022): 86.8%
Uganda has one of the highest age dependency ratios in the world. The country’s age dependency ratio decreased from 88.2% in 2021 to 86.8% in 2022. Uganda’s median age is one of the lowest in the world.
10. South Sudan
Age dependency rate (2022): 87.8%
The proportion of dependents per 100 people of working age in South Sudan was recorded at 87.8% in 2022. Apart from life expectancy, South Sudan also has a low median age.
9. Angola
Age dependency rate (2022): 90.9%
Angola is among the 20 countries with the highest age dependency ratios in the world. As evidenced by the age dependency ratio of 90.9% in 2022, the burden of young and elderly people relative to the working-age population is increasing in this country.
8. Burundi
Age dependency rate (2022): 93.2%
Burundi is an African country with an age dependency ratio of 93.2% in 2022. The country has a high birth rate and is densely populated.
7. Monaco
Age dependency rate (2022): 95.9%
Monaco is located in Western Europe and ranks as one of the countries with the highest age dependency ratio. Monaco’s age dependence rate in 2022 was 95.9%, which placed him in 7th place.th The highest among other countries in the world.
6. Democratic Republic of the Congo
Age dependency rate (2022): 97.9%
The age dependency ratio in the Democratic Republic of the Congo was recorded at 97.9% in 2022. The country’s median age is significantly lower than the world average. Therefore, the Democratic Republic of the Congo ranks among the countries with the highest age dependency ratio.
Click to keep reading to see the five countries with the highest age dependency rates in the world.
Recommended articles:
Disclosure: None. 20 Countries with the highest age dependency rates in the world Originally published on Insider Monkey.
[ad_2]
Source link
