Population Ages 65+ (% of Total)

Cleanest headline aging metric — share of the population that is elderly.

Exclude COVID

18.4%

Trend YoY growth is +0.3%, accelerating by 0 bps/year over the last 64Y. Deviations have remained above trend for 14 consecutive periods. Latest: +0.5%, 18 bps above trend, a 1.3σ deviation.

Level

YoY Change

y = 0.0% + 0 bps/yr · t

Deviation from trend

Forecast

Projected value by forecast vintage (%)

Projected value (%)

Forecast made in201820192020202120222023202420252026202720282029MAPE
201815.315.616.016.416.917.317.818.318.819.219.720.112%
201915.716.116.516.917.417.918.418.919.420.020.64%
202016.116.516.917.417.918.518.919.520.120.84%
202116.516.917.417.918.418.919.420.020.65%
202216.917.417.918.418.919.520.020.64%
202317.417.918.519.019.620.220.915%
202417.918.519.019.620.220.99%
202518.418.919.420.020.6
202618.919.420.020.6

YoY change forecast

Forecast made in201820192020202120222023202420252026202720282029MAPE
2018+0.3%+0.3%+0.4%+0.4%+0.4%+0.4%+0.4%+0.4%+0.4%+0.4%+0.4%+0.4%12%
2019+0.4%+0.4%+0.4%+0.4%+0.5%+0.5%+0.5%+0.5%+0.5%+0.6%+0.6%4%
2020+0.4%+0.4%+0.5%+0.5%+0.5%+0.5%+0.6%+0.6%+0.6%+0.6%4%
2021+0.4%+0.4%+0.5%+0.5%+0.5%+0.5%+0.5%+0.6%+0.6%5%
2022+0.5%+0.5%+0.5%+0.5%+0.5%+0.5%+0.6%+0.6%4%
2023+0.5%+0.5%+0.6%+0.6%+0.6%+0.6%+0.7%15%
2024+0.5%+0.5%+0.6%+0.6%+0.6%+0.7%9%
2025+0.5%+0.5%+0.5%+0.5%+0.6%
2026+0.5%+0.5%+0.5%+0.6%

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.