Demographic pressure on the economy

Greece’s colonisation has been declining for 15 consecutive years. There are 1.24 children for each Greek woman, while older citizens unrecorded longer. The colonisation is not decreasing owed to earthy attrition, but owed to a deficiency of young people.

The accelerating aging of the colonisation and the melodramatic shrinking of the workforce are creating an explosive premix for the Greek economy, with the latest Eurostat projections confirming the seriousness of the situation. This state is entering a vicious cycle: less young people, much aged people, much retirements and a smaller workforce to support the system.

Experts marque it wide that immoderate decisions should person already been taken. Without substantial interventions successful demographics, employment and immigration, these projections hazard processing into 1 of the top economical challenges of the coming decades. Already, the κοινωνικά information assemblage is pressured by aging, arsenic the wave of retirements becomes much monolithic year by year.

According to Eurostat, Greece is expected to grounds the 4th largest colonisation diminution successful Europe by 2100. The colonisation stood astatine 10.37 cardinal past year and is estimated to diminution further to 10.36 cardinal successful 2026. 

The downward trend is taking connected characteristics of a structural crisis: The colonisation is projected to alteration to 10.2 cardinal successful 2030, autumn beneath 10 cardinal by 2035, beneath 9 cardinal by 2055 and beryllium dramatically reduced to conscionable 7.2 cardinal by the extremity of the century.

Life expectancy matches the European average, astatine 81.8 years successful total (79.2 years for men and 84.4 for women). The representation gets worse if commencement information are added, arsenic the debased commencement complaint aggravates the demographic projection. According to Eurostat, successful 2024, 3.55 cardinal children were calved successful the EU, down by 3.3%, with the fertility complaint astatine a historically debased 1.34. Greece fares worse, with 1.24, accelerating colonisation aging and decline.

For Greece the occupation is not lone quantitative but chiefly qualitative. The accelerated aging, with the continuous summation successful the percent of aged radical and the shrinking of younger ages, creates aggravated unit connected the κοινωνικά information system and the labour market. This improvement is straight linked to the unprecedented wave of retirements recorded successful caller years.