A study has found that a decrease in the working age population due to low birth rate and aging population and an increase in the number of people to support increase the gross domestic product ( GDP ), which adversely affects the economy카지노사이트.
If the working age population decreases by 1%, the gross domestic product ( GDP ) will decrease by about 0.6%. In Korea, where the population is rapidly declining, the GDP in 2050 is expected to decrease by more than 28% compared to 2022. On the 18th, the Korea Economic Research Institute (Hankyongyeon) under the Federation of Korean Industries published a report
titled “Estimation and Implications of the Impact of Demographic Changes on GDP ” on the 18th.
According to UN population data, the total population of Korea in 2050 is expected to be 45.771 million, a decrease of 11.67% compared to 2022 (51.816 million).
The productive population in 2050 will be 23.984 million, a decrease of 34.75% from 2022 (36.757 million), and the dependent population will increase from 15.059 million in 2022 to 21.787 million in 2050. An increase of 44.67% was expected. The Korea Economic Research Institute conducted an empirical analysis using OECD country panel data to
estimate the impact of demographic change on GDP . GDP for a 1% decrease in the working-age population, assuming other factors remain constant
It was analyzed that GDP decreased by 0.17% if the dependent population decreased by 0.59% and the number of dependents increased by 1% . Based on this , estimating the GDP
in 2050 according to the demographic change shows that it will decrease by 28.38% compared to 2022. Converting to the average annual growth rate, a GDP decline of about 1.18% per year from 2022 to 2050 was projected. The report advised that a multifaceted approach is needed to mitigate the economic shock caused by demographic changes, such as raising the employment rate, easing labor-related regulations, utilizing foreign workers, and improving labor productivity.