As of early 2019, Greece’s population has declined by 360,000 in the last seven years and is projected to drop by a further 770,000 people over the next 12 years if birthrates remain at today’s levels, according to recent data collected by experts at the National Center of Social Research.
More ominously, Greece’s population could plummet by up to 50 percent in 35-50 years if nothing is done to tackle the low birthrate, the aging population and the brain drain sparked by the migration of young people to foreign lands in search of a viable career.
As a result, Greece’s workforce will shrink even further and analysts fear this will have a devastating impact on the economy and the country’s already severely burdened social insurance system.