Unfunded pension entitlements in major European countries between 300% and 500% of GDP.

You know what does it mean and what politicians will do 👇🏻 pic.twitter.com/LM36umi7CK

— Michal (@michal_1979) July 6, 2024

It works only as long as demographics are stable, which is not the case in Europe

— Michael A. Arouet (@MichaelAArouet) July 6, 2024

• Population Growth and Aging:
  • On January 1, 2023, the European Union (EU) had 448.8 million people living within its borders.
  • The most populous EU country was Germany (84.4 million), followed by France (68.2 million), Italy (59.0 million), Spain (48.1 million), and Poland (36.8 million).
  • Over the 20-year period from 2003 to 2023, the EU population increased by 4% .
  • The share of persons aged 65 and over grew from 16% in 2003 to 21% in 2023 .
• Population Density:
  • The average population density in the EU was 109 persons per km² in 2022.
  • Malta had the highest density (1,693 persons per km²), while Finland and Sweden had the lowest (18 and 26 persons per km², respectively).
  • Population density increased in 18 EU countries between 2002 and 2022 .
• Long-Term Projections:
  • The 2024 Ageing Report provides economic and budgetary projections related to an aging population in the EU up to 2070 .
  • The median age in the EU-27 is projected to increase by 4.5 years between 2019 and 2050, reaching 48.2 years .

In summary, Europe faces significant demographic challenges, including an aging population. These trends have implications for pensions, healthcare, and overall economic stability