Thailand is an aged nation. We have heard this, but do we truly comprehend the implications?
And it is the first among the developing countries that becomes Hyper-aged society
Thailand is approaching super-aged society in the next 5 years
Hyper-aged countries in 2035
Hyper aged
Super aged
% of total population
32
Aged
High Income Nation
28
Aging
20
17
Middle Income Nation
Source : United nation, 2022
2017 2021 2028
2035
This severely hurts growth, productivity, and innovation of the country.
Unattractive market mean less FDI which directly contribute to skill development and innovation
Negative effect on the economic growth by reducing size of workforce
Labour supply shortage of qualified workers
Constraining revenue due to lower personal income tax
Rising health and age care cost eat up the government fund
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