Guest post by Paul Hodges
The G20 group represents 79 per cent of global GDP. But when it comes to demographics, you can split its membership into three quite distinct groups.
This shows each country in terms of GDP per capita and median population age, with its economy’s size depicted by the bubble:
- Rich but old. These are wealthy western countries, with GDP per capita around $40,000 and median population age of 40 years
- Poor but young. These are emerging economies, with GDP per capita around $10,000 and median population ages of 25 to 30 years
- Poor and ageing. This group contains just China and Russia, who have GDP per capita around $10,000 but median population ages approaching 40 years