Demography

However, the population is ageing and shrinking.

A continually shrinking and ageing population

Germany’s population fell between 2000 and 2015. One reason is that fewer children are being born than before. At the same time, the German population is ageing: while the average age in the former Federal Republic was 35.9 in 1960, by 2015, in the united Germany, the age had risen to 44.7. In 2015, around 30 percent of the population was aged between 45 and 65. This generation will gradually leave the labour market. However, if birth rates remain stable, the up-and-coming younger generation will not replace the retired workers. This presents a long-term challenge for the country’s businesses, which will have increasingly few people to train for future recruitment. Germany needs qualified workers: besides bringing more women, older workers and unemployed into the labour market, international qualified professionals can also help fill the growing gap.