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The Rapid Ageing Population

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The Rapid Ageing Population
Ageing population
Between now and 2041, the proportion of elderly citizens - defined as those aged 65 and above - in our overall population will increase from about one in seven to one in three. Government recurrent expenditure on elderly care services in the welfare sector in 2013-14 is estimated at $5.58 billion, up 12% on last year's figure. If health services and social security cash payments for the elderly are included, the amount will rise to $55 billion, representing a significant 18.9% of total Government recurrent expenditure in this financial year.

The rapid ageing population will lead to the continuous rise of the old age dependency ratio (i.e. the ratio of the non-working population who are 65 or over being supported by the working population age 15 to 64) from 172/1000 (172 non-working supported by 1000 working population) in 2010 to 227/1000 in 2021. This also implies a constant decline in labor force in Hong Kong. Ageing population
Between now and 2041, the proportion of elderly citizens - defined as those aged 65 and above - in our overall population will increase from about one in seven to one in three. Government recurrent expenditure on elderly care services in the welfare sector in 2013-14 is estimated at $5.58 billion, up 12% on last year's figure. If health services and social security cash payments for the elderly are included, the amount will rise to $55 billion, representing a significant 18.9% of total Government recurrent expenditure in this financial year.

The rapid ageing population will lead to the continuous rise of the old age dependency ratio (i.e. the ratio of the non-working population who are 65 or over being supported by the working population age 15 to 64) from 172/1000 (172 non-working supported by 1000 working population) in 2010 to 227/1000 in 2021. This also implies a constant decline in labor force in Hong Kong. Ageing population
Between now and 2041, the proportion of elderly citizens - defined as
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