Life Expectancy at Birth

Rising longevity compounds the aging problem — more years in retirement per person.

78.39years

Trend YoY growth is +0.1%, slowing by 0 bps/year over the last 62Y. Latest: +0.9%, 90 bps above trend, a 2.0σ deviation. The latest YoY reading is depressed by 1.1 pp due to an tough comparison base from Jan 1. At current levels, YoY would fall to +0.0% by Jan '24 as comparisons tighten.

Level

YoY %

y = 0.2% 0 bps/yr · t

Deviation from trend

Forecast

Projected value by forecast vintage (years)

Projected value (years)

Forecast made in201620172018201920202021202220232024202520262027MAPE
201678.5478.3278.2678.2978.3876.5175.7976.8377.7276.9876.1875.31185%
201778.5478.4278.5078.6276.7976.1177.1978.1277.8377.5277.18127%
201878.6478.6678.8377.0476.4077.5278.4978.6178.7478.8999%
201978.7979.0377.3176.7477.9378.9779.6480.3981.2392%
202076.9875.6974.7275.5176.1473.5870.7067.51215%
202176.3374.9275.7176.3473.9771.2868.27253%
202277.4377.5778.6479.0279.5280.1489%
202378.3979.6981.4483.6486.29
202479.6981.4483.6486.29

YoY change forecast

Forecast made in201620172018201920202021202220232024202520262027MAPE
2016-0.1%-0.2%-0.3%-0.3%-0.4%-0.5%-0.5%-0.6%-0.7%-0.7%-0.8%-0.9%185%
2017+0.0%-0.1%-0.1%-0.2%-0.2%-0.2%-0.2%-0.3%-0.3%-0.3%-0.3%127%
2018+0.1%+0.0%+0.0%+0.1%+0.1%+0.1%+0.1%+0.1%+0.1%+0.1%99%
2019+0.1%+0.2%+0.3%+0.4%+0.5%+0.6%+0.7%+0.8%+0.8%92%
2020-1.8%-1.3%-1.6%-1.9%-2.2%-2.6%-2.9%-3.2%215%
2021-0.7%-1.4%-1.7%-2.0%-2.4%-2.7%-3.0%253%
2022+1.1%+0.1%+0.3%+0.4%+0.5%+0.6%89%
2023+0.9%+1.3%+1.8%+2.2%+2.7%
2024+1.3%+1.8%+2.2%+2.7%

Forecasts use ordinary least-squares linear regression fitted to the YoY change series over a rolling 5Y window. Each row shows a vintage — the forecast as it would have appeared at that point in time. Projected values apply the forecasted YoY change to the prior year's level, chaining forward where actuals are unavailable. MAPE measures forecast accuracy against realized values. These are mechanical trend extrapolations, not economic models.