Dependency ratio calculator can be used to calculate the dependency ratio of a population, which is the percentage of the population that is either too young (under 15 years) or too old (65 years and over) to potentially be working-age (15-64 years).
Learn how to use the Dependency ratio calculator calculator and its working principles
The dependency ratio is a measure used to indicate the burden of the non-working population on the working-age population in a population. A higher dependency ratio suggests that there are more dependents (young and elderly) relative to the working-age population, which can have implications for economic and social support systems.
The formula used is:
Dependency Ratio = (Young Population (0-14) + Elderly Population (65+)) / Working Age Population (15-64) * 100
This means that for every 100 working-age individuals, the number of dependents is indicated by the calculated percentage.