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Aging Finland seeks to attract skilled immigrantsEurope 2021-06-23, by Editor Comments Off 1
This year, the United Nations (UN) ranked Finland the world’s happiest country for the fourth year running. The recognition is based on international surveys in which citizens are asked about their perceived happiness.
But Finland also faces a major demographic dilemma, namely the fact that 39% of its shrinking workforce is currently over 65. The UN forecasts that Finland’s “old age dependency ratio” will balloon to over 47% by 2030.
Although Finland has posted a net immigration plus for much of the past decade 15,000 more people arrived than left in 2019, for instance the government warns the nation of 5.5 million must double immigration to between 20,000-30,000 a year to maintain public services and avert a looming pension deficit.