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Table 3. 
Projected Evolution of Pension Spending Due to Population Aging, 2013–2050
 201020112012Average 2010–201220132020203020402050
Old-age dependency ratio 0.11 0.11 0.11 0.11 0.11 0.12 0.18 0.25 0.36 
(population aged 60 years and older per population aged 15–59 years)          
Benefits ratio     1.32 1.32 1.32 1.32 1.32 
(spending per pensioner relative to GDP per worker)          
Eligibility ratio 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 
(pensioners per population aged 60 years and older)          
Spending (% of GDP)a 0.54 0.50 0.55 0.53 0.53 0.60 0.90 1.27 1.81 
 201020112012Average 2010–201220132020203020402050
Old-age dependency ratio 0.11 0.11 0.11 0.11 0.11 0.12 0.18 0.25 0.36 
(population aged 60 years and older per population aged 15–59 years)          
Benefits ratio     1.32 1.32 1.32 1.32 1.32 
(spending per pensioner relative to GDP per worker)          
Eligibility ratio 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 
(pensioners per population aged 60 years and older)          
Spending (% of GDP)a 0.54 0.50 0.55 0.53 0.53 0.60 0.90 1.27 1.81 

GDP = gross domestic product.

aPension for retired government employees and their families.

Note: The old-age dependency ratio is based on United Nations World Population Prospects data and projections, while benefits and eligibility ratios are calculated for 2013 and then assumed to remain constant. Spending and GDP are measured in billions of takas and population aggregates in millions of takas.

Sources: United Nations. World Population Prospects. https://esa.un.org/unpd/wpp/; Bangladesh authorities; and author's calculations.

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