Taiwan is projected to see negative population growth this year. That’s the word from the National Development Council on Tuesday.
The council cited three upcoming population trends as it released its demographic projections for 2020-2070 on Tuesday. The first is that Taiwan will see negative population growth this year, which is two years earlier than formerly predicted. It explained that there are less babies being born than people dying. International migration has also been a major source of population growth but that has also been impacted this year by the pandemic.
Another important trend is that Taiwan will become a super-aged society by 2025, which means that 20% of the population will be 65 years and older. This trend is due to the declining number of children. The excellent health care that Tawan offers is also enabling people to live longer.
The demographic dividend is also projected to last until 2027, one year longer than earlier estimated. This refers to a state when the share of the working-age population, those 15 to 64 years old, is larger than the non-working-age share of the population. This should lead to more economic growth.
The council published national demographic data every two years.