As can be seen from the graph, while the majority of the population witnessed a significant and slight decrease from the age 0 to 14 and 15 to 64 respectively across the period and forecasting to be lower for the future, a sharp rise in the number of elderly people was experienced and is expected to continue with the upward trend in the future. It is apparent that the working-age individuals hold the highest percentage of the total in the beginning.
In 1960, residents over 65 years old occupied around 15% of the whole then stabilized after a decade before seeing a remarkable increase, over doubling from 15% to 35% by 2020. Based on the figure, the expectancy ratio goes up gradually until it reaches nearly half of the total population.
With respect to the remaining groups, a constant drop was observed in the rate of 0 to 14-year-old citizens that declined approximately triple in 60 years, therefore, it is believed to fall to 10% in 2040. Similarly, the middle group faced a mild drop after reaching the peak twice in 1970 and 1990, furthermore, the occurring proportion is predicted to plummet to 45%.
