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Society

Graying Greece Will Have Europe’s Oldest Population by 2030

October 24, 2021

ATHENS – By 2030, Greece will proportionately have more elderly people than any other country in Europe, surpassing Italy, a worry for the beleaguered pension system with fewer workers paying in for more beneficiaries taking out.

The data came from the European Union’s statistical agency, Eurostat, which said that in Greece – where more than half the population is already over 50 years old – that the population will fall by almost a million by 2050 and by 2 million by 2070.

Recent Eurostat data and demographic projections in the EU show that over the last four decades in Greece, student and pupil numbers have been decreasing while the economically active population is shrinking, said Kathimerini.

At a conference held in cooperation with HOPEgenesis and the support of the Office of the European Parliament and the European Commission Delegation to Greece, Labor Minister Kostis Hatzidakis admitted the demographics are a major headache posing risks for the pension and health systems and economy.

That ominous sign came two years after a report that Greece will be made up mostly of the old and retired by 2050.

That scary prospect was raised by the Hellenic Association of Geriatrics and Gerontology (HAGG) which said teens will make up only 12 percent of the population by then, the average age will be 50, the paper said then.

In even more dire news, there will be only about 3.7 million workers, little more than a third of the population now, who will be bearing the burden of paying into a sagging social security system that’s already underfunded.

HAGG warned about the impact of Greece’s low birth rate and negative net migration rate while urging authorities to take measures to encourage healthy and active aging without saying what those could be.

The new New Democracy government of Prime Minister Kyriakos Mitsotakis is giving a bonus of 2,000 euros ($2,327) for each child born in a plan aimed at encouraging people to have more babies after the crisis saw the rate plunge even more with people worried about the ability to pay for raising children.

In 2016, the birth rate was 8.5 per 1,000 people or about 1.3 per household. The death rate was 11.2 per 1,000 people.

Some 20 percent of Greek women born in the 1970s are likely to remain childless, a level not seen since WWII, the Wittgenstein Center for Demography and Global Human Capital, based in Vienna found in 2017.

Data showed then  that Greece and Italy had the joint third-lowest birth rate in Europe (9/1,000) after Germany (8.4/1,000) and Portugal (8.5/1,000). Greece’s total fertility rate had dipped to 1.26, when, in order to maintain the population, the country needs a birth rate of 2.1.

Even according to the most optimistic predictions, it is estimated that Greece’s population will be under 10 million by 2050; skeptics put the country’s population at 8.3 million by that date.

Furthermore, it is estimated that Greece will have 1-1.4 million children aged 3-17 in 2050, down from 1.6 million today. Over-65s are seen making up a third of the overall population, from 20.7 percent as of today.

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