This is the fastest growth rate among member countries that organize cooperation and economic development (OECD).
The Korean Economic Research Institute has analyzed the effects of population aging on economic growth.The results showed that when the rate of aging population increased by 1%, the economic growth rate was dropped by 0.5%.
Compared to the three countries with the highest aging population in OECD, Japan, Italy and Spain, the proportion of aging population of Korea still increases faster, expected to surpass Italy in 2036.
The research institute proposes that the Korean government has medium and long -term books to deal with the likelihood of impaired economic growth, financial potential is decided by the low birth rate and aging population.