Age composition in 2026:
| Finland | Latvia | |
|---|---|---|
| Young Population | 14.02%788,338 | 14.99%275,278 |
| Working Age Population | 61.45%3,454,441 | 62.35%1,144,708 |
| Elderly Population | 24.53%1,378,952 | 22.66%415,946 |
In 2026, the median age is 44.4 years in Finland and 44.8 years in Latvia.Latvia already reached Finlandโs current median age in 2025, about 1 years ahead in population aging.
The total population of Finland peaks in 2025 at 5,623,328.The total population of Latvia peaks in 1989 at 2,664,839.
By 2050, the dependency ratio of Finland will be 70.5%, and 28.24% of the population will be elderly.By 2050, the dependency ratio of Latvia will be 71.8%, and 28.95% of the population will be elderly.
| Finland | Latvia | ||
|---|---|---|---|
| Demographic dividend (dependency ratio below 50%) | 1972โ1995 1998โ2005 |
1955โ1967 1981โ1990 1999โ2012 |
|
| Aging society (65+ reaches 7%) | 1957 | 1950 or earlier | |
| Aged society (65+ reaches 14%) | 1994 | 1997 3 years later | |
| Super-aged society (65+ reaches 20%) | 2015 | 2017 2 years later |