The Philippines is known for its young and productive labor force, but recent data suggest the country may also join its Asian neighbors with large graying population in the coming years. Know more:
The Philippines is known for its young and productive labor force, but recent data suggest the country may also join its Asian neighbors with large graying population in the coming years.
The Philippines has always been identified as one of the countries with the youngest mean age in the world at 25 years, compared with Japan’s 48 years or the United States’ 38 years. Recent data suggest the trend may change in the coming years. The Commission on Population had noted that the Philippine “population pyramid” was constricting at the bottom and increasing at the top, as the population of senior citizens doubled in the last 20 years. This is because the population now has a lower level of fertility, as evidenced by the decline in numbers of children under five years old.
The percentage of Filipinos under 15 dropped from 37 percent in 2000 to 30.7 percent in 2020, while Filipinos 60 years of age and older comprised 9.2 million or 8.5 percent of the population in 2020, or double the 4.5 million or 5.9 percent registered in 2000. Neda Undersecretary Rosemarie Edillon made the point during a high-level meeting for the celebration of the World Population Day to mark the global population topping the 8-billion mark.
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