In demography, a dependency ratio is usually the ratio of the non-productive members of the population to the productive members. This is because the econmic well-being of the whole population - the productive and non-productive members - depends on the value produced by the productive part.
The non-productive population comprises the youngsters (aged up to 15), and the older people (aged 65 and over) while the productive part is the population aged 15 to 64. The ratio is usually expressed as a percentage.
A high ratio means that each working person is, effectively supporting, more people.
It was around 60.5 %.
The dependency ratio should be used to asses how well the labor or work force supports those who do not work in relation to other countries or regions.
"A dependency ratio is the measure of the population of the people categorized as ""dependents"", these being people who are unable to cope living on their own without assistance. These people would include young children or elderly no longer capable or work. Keeping the statistic of this ratio up to date is important in raising concern or awareness of what society can supply to the current demand that a particular population needs. Certain countries for example have a high dependency ration, which is bad considering there are fewer citizens capable of working and providing for society."
It is usually calculated as the number of children (aged under 15 years) as a ratio of people of working age (ages 15 to 64). This ratio is currently in a state of flux because the pension age is being raised in many countries so that the denominator of the ratio covers a bigger age range.
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In economics and geography the dependency ratio is an age-populationratio of those typically not in the labor force
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It was around 60.5 %.
The dependency ratio should be used to asses how well the labor or work force supports those who do not work in relation to other countries or regions.
Old age dependency ratio is a demographic indicator that measures the number of elderly people (usually age 65 and older) in a population compared to the working-age population (usually age 15-64). It is used to assess the potential economic burden placed on the working-age population to support the elderly. A higher old-age dependency ratio indicates a larger proportion of elderly individuals relative to the working-age population.
The youth dependency ratio is a demographic indicator that compares the number of children and young people in a population to the working-age population. It is calculated by dividing the number of people aged 0-14 or 0-19 by the number of people aged 15-64, then multiplying by 100. A higher ratio indicates a larger proportion of dependents relative to the working-age population.
The definition of dependency ratio is the percentage of dependents in the total population. This includes children from infants to 14 years and seniors who are above 65 years f age.
The ratio of non-working population to working age population is called the dependency ratio. It is used to assess the pressure placed on the working population to support the dependent population.
"The dependency ratio is used in Economics to measure the working population and non working population. It is age-population ration, and takes into account both dependents and productive populations."
In economics and geography the dependency ratio is an age-population ratio of those typically not in the labor force (the dependent part) and those typically in the labor force (the productive part). In published international statistics, the dependent part usually includes those under the age of 15 and over the age of 64. The productive part makes up the population in between, ages 15 - 64. It is normally expressed as a percentage. This gives:This ratio is important because as it increases, there may be an increased cost on the productive part of the population to maintain the upbringing and pensions of the economically dependent. There are direct impacts on financial elements like social security.The (total) dependency ratio can be partitioned into the child dependency ratio and the aged dependency ratio[1]:
Dependency ratio is used to establish the number of persons who are not in the workplace. It is age dependent and when calculated it will show how many persons within an age are employed compared to the same demographics with persons not employed.