Signal Greek old age ratio put at 37.8% in 2020 and 79.7% in 2060

Summary

The Megatrends 2040 report estimates Greece's old-age ratio, the number of people aged 65 and over relative to those of working age, at 37.8% in 2020. By 2060, the ratio is projected to reach 79.7%, far above the OECD average forecast of 58%. Greece's working-age population, those aged 15 to 64, is projected to fall by at least 35% by 2060, compared with an average decline of 10% across OECD countries. OECD data also suggest Greece will suffer the largest drop in total productivity among EU countries because of ageing. The figures illustrate how demographic change could weigh heavily on Greece's pensions, public finances and growth.