From globalEDGEEconomists have long looked at population statistics and trends when making predictions or analyzing economic situations. A popular way to compare different countries has been population pyramids, which break down a country’s population by age group and gender. The graph’s shape comes about because generally, younger age groups make up a greater percentage of the population than their older counterparts. In recent decades, this is beginning to change, as fertility rates drop and people live longer, worrying many about the possible economic ramifications.
