Germany's labour market is expected to experience significant demographic adjustments as its population ages. This has profound implications for productive capacity and fiscal sustainability (see Fig. 1).
Fig. 1 – Germany population projections 2025–2065
| Year | Aged 15–64 (Millions) | Aged under 15 & 65 and over (Millions) |
|---|---|---|
| 2025 | 52.0 | 31.2 |
| 2035 | 50.5 | 32.5 |
| 2045 | 48.0 | 34.0 |
| 2055 | 46.5 | 35.5 |
| 2065 | 45.0 | 36.0 |
Source: Federal Statistical Office of Germany (projections)
What does Fig. 1 suggest will happen to the dependency ratio in Germany between 2025 and 2065?
