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Demographic dividend as per United Nations Population Fund is defined as:
a large proportion of population in the age group above 15 years of age bracket
a large proportion of working population in the age group 15-59 years age bracket
a large proportion of working population in the age group 15-64 years age bracket
a large proportion of working population in the age group 15-60 years age bracket
Demographic dividend, as defined by the United Nations Population Fund (UNFPA) means, “the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population (15 to 64) is larger than the non-working-age share of the population (14 and younger, and 65 and older).” In other words, it is “a boost in economic productivity that occurs when there are growing numbers of people in the workforce relative to the number of dependents.” UNFPA stated that, “A country with both increasing numbers of young people and declining fertility has the potential to reap a demographic dividend.
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