Chapter 13 Reaching for the Demographic Dividend | 155
156 | MIMAROPA Regional Development Plan 2017-2022
Chapter 13 Reaching for the Demographic Dividend | 157
158 | MIMAROPA Regional Development Plan 2017-2022
Chapter 13
Reaching for the Demographic Dividend Demographic dividend, as defined by the United Nations Population Fund is the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population (15 to 64) is larger than the non-working-age share of the population (14 and younger, and 65 and older). As mentioned in the Philippine Development Plan (PDP), demographic dividend stems from the demographic transition when the fertility (birth) and mortality (death) rates decline such that the age distribution changes to an extent that lesser spending is required to meet the needs of the youngest and oldest age groups. The demographic transition needs to be observed and carefully planned for to enable the economy to reap the demographic dividend.
Assessment
Chapter 13 Reaching for the Demographic Dividend | 159
PHILIPPINES/ REGION PHILIPPINES MIMAROPA
TOTAL POPULATION (IN MILLIONS) 2000 76.51 2.30
160 | MIMAROPA Regional Development Plan 2017-2022
2010 92.34 2.74
2015 100.98 2.96
ANNUAL POPULATION GROWTH RATE (IN PER CENT) 2000-2010 1.9 1.79
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