Colombia | Colombia’s demographic clock is ticking

Summary

Colombia's demographic shift will reshape key sectors. Declining birth rates and a growing elderly population impact education, employment, healthcare, and consumption. Demand for long-term care, automation in labor markets, and adaptations in housing and financial products for retirement are on the rise.

Key points

• Key points:
• Colombia’s birth rate has declined, while life expectancy has increased, reducing the number of children and expanding the elderly population.
• By 2050, people aged 65 and older will make up around 20% of the population, double the current 10%.
• Lower birth rates are reducing demand for early childhood education, while past demographic trends sustain demand for master’s and doctoral programs, but undergraduate enrollment is slowing.
• An aging population is driving greater demand for specialized services, including long-term care, senior healthcare, and active aging programs.
• The labor market, financial sector, housing, and consumption patterns must adjust to an older population, influencing the supply of products and services.

Geographies

Topics

Tags