Percentage of Employed Bulgarians in Retirement Age on Rise

Bulgaria in EU | January 15, 2012, Sunday // 10:37|  views

Accroding to data from Eurostat, In 2010, 26.6% of Bulgarians aged 60-64 were employed, compared to 10.5% in 2000. File photo

The percentage of employed Bulgarians between the age of 60 and 64 is going steadily up, according to data released by Eurostat, the statistical office of the EU.

In 2010, 26.6% of Bulgarians aged 60-64 were employed, compared to 10.5% in 2000.

In addition, 62.2% of Bulgarians in the age group 55-59 were working in 2010 – almost a double increase compared to 2000 when this percentage had been 33.5%. According to data of the National Statistics Institute, NSI, there are 450 000 people in Bulgaria in these two age groups.

The proportion of the population in the EU who are aged 55 and over rose from 25% in 1990 to 30% in 2010, and is estimated to reach around 40% by 2060. In Bulgaria, these percentages are 31.5% and 25.7%, respectively.

In connection with the demographic challenges presented by this increase, the European Union has designated 2012 as the European Year for Active Ageing and Solidarity between Generations, Eurostat announce.

Active ageing means that older age groups have the opportunity to stay in the workforce and share their experience, to keep playing an active role in society and to live as healthy and fulfilling lives as possible.

To mark the European Year, Eurostat issues a new publication "Active ageing and solidarity between generations – a statistical portrait of the European Union 2012"2, prepared in collaboration with the European Commission's Directorate General for Employment, Social Affairs and Inclusion and Eurofound, the European Foundation for the Improvement of Living and Working Conditions. This publication presents data on topics such as demography, employment, transition from work to retirement, healthcare, living conditions and participation in society. In this News Release the most recent data on demographic trends and employment amongst the older population are presented, while more information on attitudes towards ageing and the participation of older persons in society can be found in a new Eurobarometer survey from the European Commission as well as in the Eurostat publication.

The share of those aged 55 and over varied between 21% in Ireland and 33% in Germany and Italy in 2010.

The share of persons aged 55 and over in the total population increased between 1990 and 2010 in all Member States. In 2010, the largest shares of those aged 55-64 were observed in Finland (14.7% of the total population), the Czech Republic and Malta (both 14.1%), and the lowest in Ireland (10.1%), Lithuania (10.7%) and Luxembourg (10.8%). For the age group 65 and over, the highest shares were found in Germany (20.7%), Italy (20.2%) and Greece (18.9%), and the lowest in Ireland (11.3%), Slovakia (12.3%) and Cyprus (13.1%).

Employment rate for those aged 60 to 64 ranged between 13% in Hungary and 61% in Sweden in 2010

Employment of the older population has strongly increased over the last decade. While the employment rate for those aged 20-64 in the EU increased by 2.1 percentage points (from 66.5% in 2000 to 68.6% in 2010), the rates for older age groups rose more sharply, by 10.6% for those aged 55-59 (from 50.3% to 60.9%) and by 7.5 pp for those aged 60 to 64 (from 23.0% to 30.5%). The employment rate remained at around 5% for those aged 65 and over.

In 2010, the highest employment rates for those aged 55-59 were observed in Sweden (80.7%), Denmark (75.9%) and Finland (72.5%), and the lowest in Poland (45.8%), Slovenia (46.9%) and Malta (49.3%). For those aged 60-64 the highest rates were recorded in Sweden (61.0%), the United Kingdom (44.0%) and Estonia (42.8%), and the lowest in Hungary (13.0%), Malta (14.2%) and Slovakia (17.2%). For those aged 65 and over, the highest employment rates were found in Portugal (16.5%), Romania (13.0%) and Cyprus (12.9%), and the lowest in France and Slovakia (both 1.6%) and Hungary (1.9%).

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Tags: Solidarity between Generations, Active Ageing, European Year, eurostat, Retirement age, Bulgarians, employed, NSI


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