Published On: Mon, Nov 17th, 2014

Ageing becoming a big problem in Curacao

Curacao StatisticsWILLEMSTAD – During a parliamentary standing committee meeting, the Ministry of Administration, Planning and Service (BPD) gave a presentation about the problem of ageing here in Curaçao. Ageing is a major problem and if nothing is done, it will not only shrink the workforce, but also halt the economic growth or cause that there is no growth at all.

A possible solution to these problems, according to the MPs, is to specifically focus on ways to increase the population in Curaçao.

It is stated in the report that the aging population will also have an impact on social security and public finances. “The aging population will put public finances under pressure. Budget deficits can bring social security systems out of balance and even undermine the potential for economic growth.”

The report stated that Curaçao had 154,843 inhabitants in total per January 1, 2014. Compared to January 1, 2011 this is an increase of 4599 people in three years. This equates to an average growth of 1 percent.

The percentage of young people aged from zero to fourteen years has decreased from 41.5 in 1960 to 19.5 in 2011. At the same time, the proportion of people aged 65 years and older has increased tremendously during this period from 4.3 percent in 1960 to 13.8 percent in 2011. On the other hand, life expectancy has increased in recent decades and in 2013 amounted to 75.4 years for men and 81 years for women. This is all indicated in the report.

It was agreed that the Minister of BDP will soon give a presentation to the Central Committee of Parliament to give more information on the situation and what the possible solutions are. After this meeting, the solutions will have to be debated and approved or rejected by the 21 members of parliament in a public meeting.

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