Faroe Islands Old-Age Dependency Ratio 2023: 28.53 %
Faroe Islands's old-age dependency ratio in 2023 is 28.53 %, down 1.0% from 2022. It ranks #45 of 236 countries.
Old-age dependency ratio compares the number of elderly dependents to working-age people, affecting economic sustainability.
Source (2023): Old-age dependency ratio | Our World in Data
Old-Age Dependency Ratio over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2023 | 28.53 % | 0.28 % | -0.97% | |
| 2022 | 28.81 % | 0.18 % | -0.61% | |
| 2021 | 28.99 % | +0.25 % | +0.88% | |
| 2020 | 28.74 % | +0.36 % | +1.28% | |
| 2019 | 28.38 % | +0.16 % | +0.57% | |
| 2018 | 28.21 % | +0.19 % | +0.69% | |
| 2017 | 28.02 % | +0.36 % | +1.29% | |
| 2016 | 27.66 % | +0.43 % | +1.60% | |
| 2015 | 27.23 % | +0.7 % | +2.63% | |
| 2014 | 26.53 % | +0.9 % | +3.52% | |
| 2013 | 25.63 % | +0.76 % | +3.07% | |
| 2012 | 24.87 % | +0.68 % | +2.83% | |
| 2011 | 24.18 % | +0.76 % | +3.26% | |
| 2010 | 23.42 % | +0.69 % | +3.04% | |
| 2009 | 22.73 % | +0.6 % | +2.73% | |
| 2008 | 22.13 % | +0.6 % | +2.79% | |
| 2007 | 21.53 % | +0.38 % | +1.80% | |
| 2006 | 21.14 % | +0.22 % | +1.05% | |
| 2005 | 20.93 % | 0.01 % | -0.07% | |
| 2004 | 20.94 % | 0.21 % | -1.00% | |
| 2003 | 21.15 % | 0.11 % | -0.50% | |
| 2002 | 21.26 % | 0.12 % | -0.57% | |
| 2001 | 21.38 % | — | — |
Frequently Asked Questions About Faroe Islands Old-Age Dependency Ratio
What is Faroe Islands's old-age dependency ratio in 2023?▾
Faroe Islands's old-age dependency ratio is 28.53 % in 2023, according to Old-age dependency ratio | Our World in Data.
Is Faroe Islands's old-age dependency ratio increasing or decreasing?▾
Faroe Islands's old-age dependency ratio fell by 1.0% from 2022 (28.81 %) to 2023 (28.53 %). Over the past decade (2013–2023) it rose by 11.3%.
How does Faroe Islands rank for old-age dependency ratio?▾
In 2023, Faroe Islands has the 45th highest old-age dependency ratio out of 236 countries with data.
What was Faroe Islands's old-age dependency ratio in 2001?▾
In 2001, Faroe Islands's old-age dependency ratio was 21.38 %. By 2023 it rose by 33.5%.
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