This bar graph provided depicts data about the breakdown of the population of Iceland in four different age categories from 2020 to 2050.
Overall, 55 and over, 15-24 and 0-14 ages show that the population of Iceland is expected to decline slightly by the end of the period. The 25-54 age group shows the highest figures over the whole period, indicating that there will be fluctuations with a peak in 2050.
In 2020, the 25-54 age group stood at just over 40%. This demographic is anticipated to follow this trend of dominance, although it is expected to undergo a considerable decline by 2040 before recovering. By 2050, the 55 and over age group is predicted to show a marked drop from its 2020 levels, ending at below 10%.
On the other hand, the younger age groups show contrasting patterns. The 15-24 age bracket is set to experience a steady reduction over the whole period. Meanwhile, the 0-14 age group will have a period of growth, as it is projected to show a slight increase leading up to 2030, before falling dramatically to just over 10% by the end of the period.
