Old-age dependency ratio in Iceland

Iceland: Old-age dependency ratio was 23.0% in 2023. ▲ Rising

Latest (2023)
23.0%
Change on year
up 1.4%
World rank
73rd
of 236 countries
All-time high
23.0%
in 2023
All-time low
12.2%
in 1950
Years of data
74
1950–2023

Old-age dependency ratio in Iceland, 1950–2023

0510152025195019862023

Source: UN, World Population Prospects (2024) – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for old-age dependency ratio in Iceland is 23.0%, measured in 2023. That is the highest value across all 74 years on record.

Compared with earlier readings it is up 1.4% on the previous year and up 17.0% over ten years.

Over the whole period, old-age dependency ratio in Iceland peaked at 23.0% in 2023 and was at its lowest, 12.2%, in 1950.

Iceland ranks 73rd of 236 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 74 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1950s 12.9% 12.2% 13.9% 10
1960s 14.6% 14.1% 14.9% 10
1970s 15.2% 15.0% 15.7% 10
1980s 16.0% 15.7% 16.3% 10
1990s 17.3% 16.5% 17.8% 10
2000s 17.6% 17.1% 17.9% 10
2010s 20.1% 18.1% 21.4% 10
2020s 22.5% 21.8% 23.0% 4

Countries ranked near Iceland

  1. 71 Cuba 23.7% compare
  2. 72 Reunion 23.3% compare
  3. 75 Wallis and Futuna 21.8% compare
  4. 76 Andorra 21.3% compare

See the full ranking of 236 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is old-age dependency ratio in Iceland?
Old-age dependency ratio in Iceland was 23.0% in 2023, according to UN, World Population Prospects (2024) – processed by Our World in Data.
What is the highest old-age dependency ratio recorded in Iceland?
The highest recorded value was 23.0% in 2023.
What is the lowest old-age dependency ratio recorded in Iceland?
The lowest recorded value was 12.2% in 1950.
How does Iceland rank for old-age dependency ratio?
Iceland ranks 73rd out of 236 countries with data for 2023.
Is old-age dependency ratio rising or falling in Iceland?
Over the last ten years it is up 17.0%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from UN, World Population Prospects (2024) – processed by Our World in Data, published as part of Old-age dependency ratio. Statizoid updates them automatically from the source API.

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CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Old-age dependency ratio
Unit
%
Source
UN, World Population Prospects (2024) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
236 places, 17,464 data points, 1950–2023
Last refreshed

The number of people aged 65 and over per 100 working-age people (aged 15 to 64).