Alarming Figures, Population Rapidly Shrinking
Albanian Daily News
Published September 9, 2017
The post-90's transition is having a highly negative effect on the Albanian population whose shrinking continues at fast pace. According to the official data made public by the Institute of Statistics (INSTAT) by the beginning of 2017 the population's figure was 8,000 people lower than the forecast for this year. The decline in comparison to the expectations was more fatal for the age group 0-15, while the elders' number increased rapidly. Albanians over 60 years old this year are 9.000 more than in 2011 when the last census was conducted. This age group now accounts for 18.8% of the total population in comparison to only 15.4% in 2011.
Likewise, in 2016 some 32,000 babies were born throughout the country, while the official expectations expressed in the projection of the population's performance in the period between 2011 and 2013 were that about 34,000 five hundred babies would be born that year. The decline in birth rates by 8% forewarns that the nation's population is experiencing a pessimistic scenario. Also, the number of births has drastically declined since the last census. In 2011, 34,285 babies were born, while in 2016, 32.1 thousand babies were born or 8% less.
All of these impacts have unbalanced the work force, where the age of up to 45 years has registered a rapid decrease. After a decade, when the 50-year-olds will retire, the workforce will suffer a bigger shrink influencing negatively the country's economy.
These developments will soon dictate consumption and public spending trends. Retail sales will need to be orientated to old age services, from food, clothing, and accommodation, as government spending will need to be shifted from schools to social care centers for the elders.