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South Asia Faces Aging Population Challenge
South Asia is entering an accelerated demographic transition with Sri Lanka leading as one of the first countries to become aged. By 2030, Sri Lanka will have a shrinking working-age population and aging citizens, impacting economic growth. This shift presents a critical window for policy action to capitalize on its current workforce before it starts declining.
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Summary
The report argues that Sri Lanka is no longer in a position where it can simply prepare for ageing. Despite these concerns, the report points to several strengths that Sri Lanka can build upon. For decades, demographic trends helped support economic growth by providing Sri Lanka with a large and productive workforce.