Slovak population is getting older and smaller

The demographic development poses risks.

Slovakia is one of the most ageing countries in the European Union. It needs to adapt to the change in its population’s age structure.Slovakia is one of the most ageing countries in the European Union. It needs to adapt to the change in its population’s age structure.(Source: TASR)

The Slovak population is ageing, posing a challenge not only for the country’s pension scheme and health care but also the labour market. There will be fewer people able to work and fill state coffers. The unfavourable demographic development is a problem not only for the country and its economy, but also companies that are already complaining about the shortage of labour force.

Read also:New generations enter job market

“Slovakia is going through a demographic change that western countries passed a long time ago,” Vladimír Baláž, economist from the Institute for Forecasting of the Slovak Academy of Sciences, told The Slovak Spectator. “Moreover, Slovakia’s big disadvantage is that its local current total fertility rate is far lower [than that of those countries] and immigration is very low. Thus, we do not have such possibilities for replacement of the population as developed countries like Germany, Great Britain or the Netherlands have had.”

As a result, Slovakia is one of the most ageing countries in the European Union.

Changing age structure

During the following decades, Slovakia will undergo a significant change in the age structure of its population as well as its size.

“The ageing of the population has already started,” the Council for Budget Responsibility wrote in its latest material published on September 18. “This is caused especially by the retirement of the strong post-war population and the arrival of the smaller generation of people born during the 1990s on the labour market.”

Read more: What impact will ageing have on the economy? What can be done in this respect?

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Career and HR


Top stories

Five facts you need to know about road closures in Bratislava

Closures of frequently used roads will complicate traffic in the Slovak capital.

Traffic in Bratislava will get complicated as of February 15.

Constitutional Court forced to follow plan B

The court now has only four active judges and has published new work schedule.

Constitutional Court in Košice

Blog: Regional development as the key to unlock regional potential

A practical overview of the variety of measures, schemes and instruments supporting regional development and the recent changes to the legislative framework.

Owls indicate spring is coming

Male owls lured by bird calls fly in to take a look at the intruder.

Long-eared owl