Gross Dependency Ratio

Gross Dependency Ratio also called gross dependency coefficient, refers to the ratio of non-working-age population to the working-age population, express in %. Describing in general the number of non-working-age population that every 100 people at working ages will take care of, this indicator reflects the basic relation between population and economic development from the demographic perspective. The gross dependency ratio is calculated with the following formula: (The population of children aged 0-14 + The elderly population aged 65 and over)/(The working-age population aged 15-64)*100%.