Brazil to have more elders than children by 2040, Statistics agency says

Brazil’s population is gradually aging and
the country is expected to have more
elders than children by 2040, local
statistics agency said.
According to Brazilian Institute of Geography and
Statistics (IBGE), the share of people older than
65 in Brazil will rise from the current 9.2 per
cent to 17.4 per cent in 2040.
At the same time, the share of children up to 14
years old, which is currently 21.3 per cent, will
fall to 16.8 per cent by 2040.
By 2060, the share of elders in Brazil is
expected to reach 25.5 per cent, over a quarter
of the entire population, while the share of
children up to 14 is expected to have fallen to
14.7 per cent.
This is the result of lengthening lifespan and a
fall of fertility rate in Brazil.
Fertility rate in Brazil is currently at 1.77
children per woman and is expected to fall to
1.66 children per woman by 2060.
Life expectancy is currently 72.7 years for men
and 79.8 years for women, and is projected to
rise to 77.9 years for men and 84.2 years for
women by 2060.
The median age of the Brazilian population,
which is now 32.6 years of age, is expected to
surpass 40 years by 2037 and reach 45.6 years
by 2060.
The gradual aging of the population brings
challenges to the country, as there will be a
smaller economically active population with
more retired citizens.
According to IBGE, for every 100 people in
working age in Brazil, there are 44 dependents
who are either younger than 14 or older than
65.
By 2035, this dependent-worker ratio is
expected to rise from 44 per cent to 50 per
cent.