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New research carried out by the Association of Large Temporary Employment Agencies (Agett), reveals that for every 100 people of working age in Spain there are 47 who are either younger than 16 or older than 65 years of age. Every Spanish person of working age therefore statistically has to support another half person who is not of working age.
According to projections by the National Institute for Statistics (INE), this ratio will worsen by the year 2019 to 55 persons who are not of working age for every 100 who are.
The number of over 65s has grown by +50% over the last 20 years whilst the number of people of working age has only grown by +22%.
In 2009 there were 25 persons aged 65+ and 23 persons aged less than 16 for every 100 people of working age in Spain. These statistics show that the ageing of the population will increasingly become an issue for the labour market.
Agett President, Francisco Aranda, commented "we need to come up with policies which increase the activity rate of the whole population without counteracting the demographic dynamism that comes from the birth rate."
"We need to incentivise youth employment as well the employment of women and of immigrants. At the same time we must improve the balance between working and private lives."
To read the full report in Spanish language please click here