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Home NATIONALRatio of young people in country on decline
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Sun, 01 Nov, 2015 12:05:20 AM
FTimes Report, Nov 1
 
The share of persons aged under 15 in the population in 1940 to 2065, per cent. Source: Population and Justice Statistics. Statistics Finland.
There would be 882,000 persons under 15 years of age in Finland in 2030 as the share of young people diminished further, according to Statistics Finland's latest population projection of 2015.
 
The number of persons aged under-15 has last been this low in 1894.
 
The share of persons aged under-15 in the population would decrease to 14 per cent by 2060 as per the projection.
 
At the beginning of the 1980s, one in five Finns was aged under 15.
 
The main reason for the declining share of young people is an insufficient birth rate.
 
The number of the population of working age (aged 15 to 64) was highest in 2009, when there were 3.55 million such persons in Finland, the data show.
 
During 2010 to 2014, the number of working-age people has fallen by 69,000 persons.
 
The number of working-age people would decrease from the current 3.48 million to 3.41 million, or by 75,000 persons, by 2030, according to the population projection.
 
After this, the number of working-age people would recover slightly, and by 2045 they would number 3.46 million. Then, the number of working-age people would again start declining and they would number 3.40 million in 2060.
 
The proportion of people of working age in the population will diminish from the present 64 to 59 per cent by 2030 and to 57 per cent by 2060.
 
The proportion of persons aged 65 or above in the population is estimated to rise from the present 19.9 to 26 per cent by 2030 and to 29 per cent by 2060.
 
The demographic dependency ratio, that is, the number of children and pensioners per one hundred persons of working age, will go up in the near future.
 
The demographic dependency ratio was 57.1 at the end of 2014.
 
The limit of 60 dependents would be reached in 2017 and that of 70 dependents by 2032. In 2060, the demographic dependency ratio would be 76.
 
The latest population projection assumes that the birth rate would remain constant in future. The imputed number of children that women give birth to during their lifetime, i.e. the total fertility rate is assumed to be 1.70.
 
The forecast also assumes that in 2015, Finland’s migration gain from abroad will be 14,000 persons and in 2016 to 2065 it will be 17,000 persons per year.
 
Mortality is assumed to continue declining similarly to what has been detected when comparing the mortality for 1987 to 1991 and 2010 to 2014.
 
Statistics Finland’s population projections are demographic trend calculations based on observations on past development in the birth rate, mortality and migration.  
 
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