Ageing

Demographic problem grows

In 2022, births in Greece fell below 80,000 for the first time, compared to 150,000 in 1980. Therefore, half of Greece's population is now over 46 years old, when in 2000, the median age was 39, per the official estimates.

Population decline is a harsh reality

"More immigration is necessary. Existing projections already assume substantial immigration, which, however, is insufficient to reverse aggregate aging." This bold statement was made recently by Rolf Strauch, chief economist of the European Stability Mechanism, in his latest report on demographics and financial stability.

Moody’s demographic alarm

Moody's warned on Tuesday that worsening demographics and the increase in the dependency ration of the elderly constitute a serious fiscal challenge as well as a cause of downgrades of states' ratings. Greece, as it states, is expected within the next decade to have the fifth highest dependency ratio among all developed economies internationally.

Greece: Continuous decrease in the number of children born

The natural balances (births-deaths) in Greece have changed, turning from positive to negative for the first time in our post-war history, essentially since 2010. The continued increase in the number of elderly has caused a increase in deaths that began in the early 1950s, while the continued decline in the number of children couples have had has caused a decline in births since 1980.

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