Luxembourg: Age dependency ratio
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Luxembourg |
Dependent people as percent of the working age population |
---|---|
Latest value | 45.02 |
Year | 2023 |
Measure | percent |
Data availability | 1960 - 2023 |
Average | 47.42 |
Min - Max | 43.26 - 53.16 |
Source | The World Bank |
The latest value from 2023 is 45.02 percent, an increase from 44.57 percent in 2022. In comparison, the world average is 58.49 percent, based on data from 196 countries. Historically, the average for Luxembourg from 1960 to 2023 is 47.42 percent. The minimum value, 43.26 percent, was reached in 1987 while the maximum of 53.16 percent was recorded in 1970.
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The age dependency ratio for Luxembourg is calculated as follows: Age dependency = (people younger than 15 and older than 64) / (working age people ages 15-64). A higher value for Luxembourg 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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Population size | 0.67 | 2023 | million |
Percent urban population | 92.08 | 2023 | percent |
Population density | 249 | 2021 | people per square km |
Population ages 65 and above | 15.35 | 2023 | percent |
Percent children | 15.69 | 2023 | percent |
Percent female population | 49.67 | 2023 | percent |
Rural population, percent | 7.92 | 2023 | percent |
Age dependency ratio | 45.02 | 2023 | percent |
Refugee population | 13,735 | 2023 | refugees |
Migrant population | 44 | 2015 | percent |
Population growth | 2.35 | 2023 | percent |