Sunday, August 31, 2014

31/8/2014: Irish Dependency Ratio Rises in H1 2014

Previous posts covering QNHS release for Q2 2014 provided analysis of

In the present post, a quick summary of changes in overall dependency ratio. I define a ratio of those at work to total population. This is imprecise as we only have estimated population figures for the year, and year coverage is for 12 months through April each year. The data is directionally-indicative more than actual levels, so many caveats here. However it does show where this economy is heading in terms of how many people support via work the rest of the population.

Here are the trends, set against 5 year averages:

In H1 2014, the ratio of those at work to total population declined to 0.3997 from 0.4026 in H2 2013 and up on 0.3927 in H2 2013. This is less material than the fact that current average (from H1 2013 through H1 2014) is running at 0.3983 - the lowest for any 5 year period on record.

In simple terms, there are fewer people supporting through work larger number of those who do not work for any reason.
Post a Comment