Iceland - Age dependency ratio, young (% of working-age population)

The value for Age dependency ratio, young (% of working-age population) in Iceland was 29.90 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 61.79 in 1962 and a minimum value of 29.90 in 2020.

Definition: Age dependency ratio, young, is the ratio of younger dependents--people younger than 15--to the working-age population--those ages 15-64. Data are shown as the proportion of dependents per 100 working-age population.

Source: World Bank staff estimates based on age distributions of United Nations Population Division's World Population Prospects: 2019 Revision.

See also:

Year Value
1960 61.15
1961 61.69
1962 61.79
1963 61.54
1964 61.09
1965 60.50
1966 59.83
1967 58.99
1968 57.99
1969 56.88
1970 55.71
1971 54.36
1972 53.15
1973 51.98
1974 50.76
1975 49.44
1976 48.43
1977 47.24
1978 45.99
1979 44.85
1980 43.93
1981 43.13
1982 42.54
1983 42.10
1984 41.65
1985 41.16
1986 40.71
1987 40.19
1988 39.63
1989 39.14
1990 38.74
1991 38.49
1992 38.39
1993 38.33
1994 38.20
1995 37.94
1996 37.75
1997 37.27
1998 36.63
1999 36.05
2000 35.60
2001 34.95
2002 34.60
2003 34.35
2004 34.04
2005 33.60
2006 33.08
2007 32.49
2008 31.89
2009 31.38
2010 30.95
2011 30.96
2012 30.92
2013 30.86
2014 30.82
2015 30.79
2016 30.62
2017 30.48
2018 30.34
2019 30.15
2020 29.90

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.

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: Dependency ratios capture variations in the proportions of children, elderly people, and working-age people in the population that imply the dependency burden that the working-age population bears in relation to children and the elderly. But dependency ratios show only the age composition of a population, not economic dependency. Some children and elderly people are part of the labor force, and many working-age people are not. 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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Health Indicators

Sub-Topic: Population