Age dependency ratio of working age population in Iceland
Iceland: Age dependency ratio of working age population was 50.14 in 2023. ▼ Falling
Latest (2023)
50.14
Change on year
down 0.4%
World rank
165th
of 236 countries
All-time high
76.01
in 1962
All-time low
48.07
in 2008
Years of data
74
1950–2023
Age dependency ratio of working age population in Iceland, 1950–2023
Source: Our World in Data.
Analysis
In 2023, age dependency ratio of working age population in Iceland stood at 50.14.
The figure is down 0.4% on the previous year and down 1.2% over ten years.
Over the whole period, age dependency ratio of working age population in Iceland peaked at 76.01 in 1962 and was at its lowest, 48.07, in 2008.
That places Iceland 165th out of 236 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 74 years of available data.
Age dependency ratio of working age population in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 61.68 | — |
| 1951 | 63.05 | +2.2% |
| 1952 | 64.61 | +2.5% |
| 1953 | 66.17 | +2.4% |
| 1954 | 67.68 | +2.3% |
| 1955 | 69.27 | +2.3% |
| 1956 | 71.09 | +2.6% |
| 1957 | 72.5 | +2.0% |
| 1958 | 73.46 | +1.3% |
| 1959 | 74.45 | +1.3% |
| 1960 | 75.26 | +1.1% |
| 1961 | 75.81 | +0.7% |
| 1962 | 76.01 | +0.3% |
| 1963 | 75.95 | -0.1% |
| 1964 | 75.72 | -0.3% |
| 1965 | 75.28 | -0.6% |
| 1966 | 74.69 | -0.8% |
| 1967 | 73.97 | -1.0% |
| 1968 | 73.01 | -1.3% |
| 1969 | 71.9 | -1.5% |
| 1970 | 70.74 | -1.6% |
| 1971 | 69.49 | -1.8% |
| 1972 | 68.25 | -1.8% |
| 1973 | 67.17 | -1.6% |
| 1974 | 65.97 | -1.8% |
| 1975 | 64.55 | -2.1% |
| 1976 | 63.44 | -1.7% |
| 1977 | 62.44 | -1.6% |
| 1978 | 61.32 | -1.8% |
| 1979 | 60.41 | -1.5% |
| 1980 | 59.69 | -1.2% |
| 1981 | 58.89 | -1.3% |
| 1982 | 58.2 | -1.2% |
| 1983 | 57.84 | -0.6% |
| 1984 | 57.48 | -0.6% |
| 1985 | 57.1 | -0.7% |
| 1986 | 56.79 | -0.5% |
| 1987 | 56.21 | -1.0% |
| 1988 | 55.49 | -1.3% |
| 1989 | 55.2 | -0.5% |
| 1990 | 55.23 | +0.1% |
| 1991 | 55.15 | -0.2% |
| 1992 | 55.3 | +0.3% |
| 1993 | 55.65 | +0.6% |
| 1994 | 55.64 | -0.0% |
| 1995 | 55.39 | -0.4% |
| 1996 | 55.1 | -0.5% |
| 1997 | 54.71 | -0.7% |
| 1998 | 54.2 | -0.9% |
| 1999 | 53.76 | -0.8% |
| 2000 | 53.5 | -0.5% |
| 2001 | 53.32 | -0.3% |
| 2002 | 53.11 | -0.4% |
| 2003 | 52.68 | -0.8% |
| 2004 | 52.06 | -1.2% |
| 2005 | 51.01 | -2.0% |
| 2006 | 49.59 | -2.8% |
| 2007 | 48.46 | -2.3% |
| 2008 | 48.07 | -0.8% |
| 2009 | 48.58 | +1.1% |
| 2010 | 49.39 | +1.7% |
| 2011 | 49.88 | +1.0% |
| 2012 | 50.31 | +0.9% |
| 2013 | 50.73 | +0.8% |
| 2014 | 51.06 | +0.7% |
| 2015 | 51.21 | +0.3% |
| 2016 | 51.06 | -0.3% |
| 2017 | 50.53 | -1.0% |
| 2018 | 49.91 | -1.2% |
| 2019 | 49.62 | -0.6% |
| 2020 | 49.89 | +0.5% |
| 2021 | 50.34 | +0.9% |
| 2022 | 50.33 | -0.0% |
| 2023 | 50.14 | -0.4% |
Iceland compared with similar countries
- Iceland's 50.14 is below the median for high income countries, which is 52.7, 95% of the median. (85 countries reporting)
- Iceland's 50.14 is below the median for Europe & Central Asia, which is 55.31, 91% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 68.4 | 61.68 | 74.45 | 10 |
| 1960s | 74.76 | 71.9 | 76.01 | 10 |
| 1970s | 65.38 | 60.41 | 70.74 | 10 |
| 1980s | 57.29 | 55.2 | 59.69 | 10 |
| 1990s | 55.01 | 53.76 | 55.65 | 10 |
| 2000s | 51.04 | 48.07 | 53.5 | 10 |
| 2010s | 50.37 | 49.39 | 51.21 | 10 |
| 2020s | 50.18 | 49.89 | 50.34 | 4 |
Countries ranked near Iceland
More population data for Iceland
- Population regions with projections, annual growth rate -0.4984 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -5.08 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.4984 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.2688 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 408.78 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.4806 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.6617 % change on previous year (2100)
- Population growth rate -0.502 (2100)
- Population density 3.6 (2100)
- Projected population under age 5 13,661 (2100)
Frequently asked questions
- What is age dependency ratio of working age population in Iceland?
- Age dependency ratio of working age population in Iceland was 50.14 in 2023, according to Our World in Data.
- What is the highest age dependency ratio of working age population recorded in Iceland?
- The highest recorded value was 76.01 in 1962.
- What is the lowest age dependency ratio of working age population recorded in Iceland?
- The lowest recorded value was 48.07 in 2008.
- How does Iceland rank for age dependency ratio of working age population?
- Iceland ranks 165th out of 236 countries with data for 2023.
- Is age dependency ratio of working age population rising or falling in Iceland?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Age dependency ratio of working age population. Statizoid updates them automatically from the source API.
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