Age composition in 2026:
๐ฎ๐ธ Iceland
๐ฆ๐บ Australia
| Iceland | Australia | |
|---|---|---|
| Young Population | 17.31%69,657 | 17.52%4,769,892 |
| Working Age Population | 66.39%267,125 | 64.02%17,429,497 |
| Elderly Population | 16.29%65,550 | 18.47%5,027,708 |
In 2026, the median age is 37.6 years in Iceland and 39.5 years in Australia.Australia already reached Icelandโs current median age in 2020, about 6 years ahead in population aging.
The total population of Iceland peaks in 2049 at 432,999.The total population of Australia is projected to keep growing until 2100, reaching 43,143,685.
By 2050, the dependency ratio of Iceland will be 60.2%, and 23.94% of the population will be elderly.By 2050, the dependency ratio of Australia will be 65.4%, and 23.85% of the population will be elderly.
| Iceland | Australia | ||
|---|---|---|---|
| Demographic dividend (dependency ratio below 50%) | 2006โ2011 2018โ2020 |
1988โ1992 1997โ2013 |
|
| Aging society (65+ reaches 7%) | 1950 or earlier | 1950 or earlier | |
| Aged society (65+ reaches 14%) | 2017 5 years later | 2012 | |
| Super-aged society (65+ reaches 20%) | 2038 7 years later | 2031 |