Iceland: Age dependency ratio

The latest value from 2022 is 51.08 percent, an increase from 50.5 percent in 2021. In comparison, the world average is 58.67 percent, based on data from 196 countries. Historically, the average for Iceland from 1960 to 2022 is 58.56 percent. The minimum value, 48.06 percent, was reached in 2008 while the maximum of 76.06 percent was recorded in 1962. See the global rankings for that indicator or use the country comparator to compare trends over time.

The age dependency ratio for Iceland is calculated as follows: Age dependency = (people younger than 15 and older than 64) / (working age people ages 15-64). A higher value for Iceland and other countries means that employed people have to support more non-working people, either young or old.

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