Albania is aging, the workforce is shrinking/ By 2050, only 1.4 working-age people will support each pensioner
In recent years, with the decline in population growth rates and labor market problems in many countries, a difficulty has been observed in the ratio between employees and retirees. World Economics has made a forecast until 2050 regarding the ratio between working-age people and retirees.
Data on the number of people working for each elderly dependent person (65+ years) for Albania provide a crucial perspective on demographic aging, by determining the number of working-age individuals (15–64 years) available to support each elderly person. A low figure means that working-age people and the economy as a whole face a greater burden in supporting the aging population.
Currently, in Albania, the number of people working for each elderly dependent person is around 2.5 workers, a decrease of 0.3 points compared to 2020. Meanwhile, for each elderly dependent person, by 2030 this figure is estimated to decrease to 2.1, while in 2050 it is expected to reach 1.4.
Compared to the region, Albania appears to be in a better situation for this ratio. In North Macedonia, about 2 people of working age support one pensioner. On the other hand, this ratio is 1.7 in Bosnia and Herzegovina and 1.9 in Serbia, but even in these countries the figure is expected to continue to decrease in the coming years.
However, this problem is almost global, as many countries are facing the same phenomenon. The most problematic country in terms of this ratio is Italy, where currently only 1.5 people of working age are dependent on 1 pensioner, and this ratio is expected to fall to 0.8 by 2050. In a similar situation, with a low ratio, are also Japan, Greece, Croatia, Portugal and France.
On the other hand, there are countries where this ratio is much more favorable. In this regard, Asian countries lead, led by the United Arab Emirates, where currently about 44.7 working-age people are responsible for 1 elderly retiree, and in 2050 it is expected that there will still be about 36.2 working-age people for each retiree. The United Arab Emirates is followed by Qatar and Oman, where there are 41 and 19.5 working-age people for each retiree, respectively.
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