Mukti

Demographic transition 2

Posted in development, economics, labour by jrahman on December 19, 2012

Back in May, I posted the evolution of population pyramid in Bangladeshover the period 1950 to 2030.  From the same data source — UN population database — here is the median age in Bangladesh over the same period.

Untitled

This chart makes the same point as the previous post — we used to be a very young nation, and now we are maturing a bit.  Up until the mid-1990s, over half the country’s population were teen agers or younger.  This is no longer the case.  In 2015, the median age is expected to be 26.  It’s a good thing in the sense that we now have lot more potential workers and fewer children to support.  But it also means a lot of 20-somethings out there. 

Is something big happening there, even if what it is ain’t exactly clear?

6 Responses

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  1. Diganta said, on December 20, 2012 at 5:21 am

    Demographic dividend – would you like to talk about it?

    • jrahman said, on December 21, 2012 at 10:52 am

      That’s the subject of the next post in the series.:)

  2. Rumi said, on December 24, 2012 at 8:39 pm

    Fareed Zakaria makes an interesting comment about rising work force age in China and India compared to Mexico. He believes two factors, Mexico’s work force age advantage and proximity to USA gives them a huge mileage in Economic growth.

  3. Diganta said, on December 28, 2012 at 2:02 pm

    I am not sure what Mr Zakaria considered but here are the facts – India birth rate 22.2 and death rate 1.4, Mexico birth rate 19 and death rate 4. So Mexico stays young not by a high birth rate but by high mortality rate installed by the ever-lasting gun-battles and mafia-wars. Mileage?


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