This article presents population aging in Iceland through broad age-group shares and dependency ratios.
People aged 65 and above represented 15.6% of the population of Iceland in 2024. The population aged 0 to 14 accounted for 17.5%, while those aged 15 to 64 represented 66.6%. The old-age dependency ratio was 24.0 older people per 100 working-age people, compared with a youth dependency ratio of 26.3. The older population share changed by +1.3 percentage points over five years and by +2.3 percentage points over ten years.
Iceland Population Aging by Year
Data source: World Bank, World Development Indicators — Population ages 0-14, % of total population (SP.POP.0014.TO.ZS); Population ages 15-64, % of total population (SP.POP.1564.TO.ZS); Population ages 65 and above, % of total population (SP.POP.65UP.TO.ZS); Age dependency ratio, old, % of working-age population (SP.POP.DPND.OL); Age dependency ratio, young, % of working-age population (SP.POP.DPND.YG); Age dependency ratio, % of working-age population (SP.POP.DPND); Population ages 65 and above, total (SP.POP.65UP.TO); Population, total (population).
License: CC BY-4.0. Retrieved 2026-07-12.
About the Indicators
Population ages 0-14, % of total population. The share of the population between the ages of 0 and 14.
Population ages 15-64, % of total population. The share of the population of conventional working age, 15 to 64.
Population ages 65 and above, % of total population. The share of the population aged 65 and older.
Age dependency ratio, old, % of working-age population. The number of people older than 64 per 100 people of working age (15-64).
Age dependency ratio, young, % of working-age population. The number of people younger than 15 per 100 people of working age (15-64).
Age dependency ratio, % of working-age population. The combined number of people younger than 15 or older than 64 per 100 people of working age.
Population ages 65 and above, total. The total number of people aged 65 and older.