Description:
Tableau world data dashboard to analyze and visualize the changing trends in global fertility rates and life expectancy from 1960 to 2021, sourced from DataBank. The visualization may help us to understand the challenges we will be facing very soon. With plummeting fertility rates and higher than ever life expectancies, dependency rates grow and impose the biggest burden ever registered on the working-age population. 15-year forecasts show alarming figures that should encourage us to take action as soon as possible.
Objectives:
- Highlight Demographic Shifts: To visually represent the global transition from high fertility rates to increased life expectancy, emphasizing advancements in healthcare and socioeconomic development during the last 60 years.
- Regional Demographic Analysis: Provide in-depth analysis of how different regions and countries have evolved demographically, reflecting diverse economic and healthcare landscapes.
- Elderly Dependency Awareness: To raise awareness about the growing elderly population and the resulting socioeconomic challenges, including healthcare demands and economic strains on working-age populations.
- Facilitate Data-Driven Decisions: Equip policymakers, healthcare professionals, and economists with actionable insights for strategic planning and addressing the implications of an aging population.
Detail:
Key Features
- Density Plot Time Series: Dynamically shows changes in global fertility and life expectancy, reflecting healthcare and economic advancements in all the world.
- Country and Regional Analysis: Allows detailed exploration of demographic trends at both country and regional levels, with focus on regional variations.
- Elderly Dependency Map: Interactive world map visualizing the rising elderly dependency ratio, highlighting potential socioeconomic challenges in developed countries.
- Dependency and Population Forecast: A 15-year dependency and population forecast with a 90% confidence interval, giving rough estimates that should be taken into account when making public policies for the next decade.
Results
The developed world is facing an unprecedented generational crisis in human history. Current estimates reveal alarming future projections that demand immediate attention from policymakers. Without swift action, the public pension system is at risk of collapse in the coming decades, underscoring the critical need for strategic interventions.