A modelling on Greek population came up with some disturbing estimates about the future of the country. According to a report by the Berlin Institute for Population and Development, Greece has lost 3 per cent of its population during the ongoing crisis and the trend is not in a route of reversal.
From 2011 to 2016 the Greek population has been diminishing, both due to migration but, more importantly because births have been in decline, for financial reasons. In 2016, Greece had a population of 10.8 million, and according to the Institute’s modelling, the decline will continue for decades.
It is estimated to fall to 9.9 million by 2030, reaching 8.9 million by 2050. This 18 per cent fall is due to the fact that Greece has the lowest fertility rate within the EU, with only 1.3 children for every woman. Only 90,000 children are born in Greece annually, which makes the country one of the fastest-ageing countries in Europe with 21 per cent of the citizens being over 65 years old.
By 2050, Greece will probably have the worst worker-to-pensioner ratio within the continent, experts estimate.