According to the latest population projections the elderly ratio in Finland
and Denmark is expected to double or almost double between now and
2050. In the case of the Faeroe Islands an even stronger trend is anticipated,
with a more than two-fold increase in elderly ratio in 2050. A similar strong
trend is anticipated for Iceland, but the proportion of elderly people is
lower. The elderly ratio for Iceland is at the same level as for Norway and
Sweden at the end of the projection period. This is evident from Table 3.2
and Diagram 3.3, which show how the number of people aged 65 or over is
expected to develop in relation to the number of people aged 20-64. The
greatest changes occur up to the 2030s, after which the graphs level off.