Facebook Blogging

Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Sunday, July 22, 2007

Romanian Population 2020

The Romanian population would drop almost 20% by 2050, an Allianz Global Investors report shows on Monday. Bulgaria on the other hand will lose a third of its population by the estimated date while Poland - only 10%.

According to the report, the fertility rate in Central and Eastern Europe ranges between 1.24 and 1.42 children/woman. For its population to remain constant, the fertility rate should be 2.1.

Thus, the population of the 11 countries analyzed, will diminish by 15% amounting to 16 million persons, by the end of 2050.

Likewise, the ratio of retired people to workers would rise to 50 in 2050 from the current 20. The ratio will grow steadily, reaching 33 by 2035 and 50 by 2050.

To counteract demographic tendencies and economic transformations, 8 countries analyzed including Romania introduced new mandatory pensions system to diversify the revenues of the retired people.

The countries analyzed in the report are Bulgaria, Croatia, the Czech Republic, Estonia, Latvia, Hungary, Lithuania, Poland, Romania, Slovakia and Slovenia.

No comments: