What is Canada's dependency ratio?

The dependency ratio is a metric that reflects the relationship between the working-age population and those who are typically considered dependent, specifically the very young (usually aged 0-14) and the elderly (typically aged 65 and older). A higher dependency ratio indicates a greater burden on the productive population, as more dependents rely on fewer workers for support.

Canada's dependency ratio has been trending upward in recent years due to an aging population and declining birth rates. The ratio of approximately 47% indicates that for every 100 working-age individuals, there are 47 dependents. This figure underscores the demographic challenges Canada faces, such as providing adequate healthcare and social services for the growing number of elderly while maintaining a robust economy with a smaller workforce.

The other percentages reflect lower dependency ratios, which do not accurately capture the current demographic landscape in Canada. The provided correct figure provides a clearer picture of the societal and economic implications that arise from the relationship between the working-age population and dependents.