Mobile Menu

Business Environment Profiles - Australia

Population aged 50 and older

Published: 16 May 2024

Key Metrics

Population aged 50 and older

Total (2024)

9505424 People

Annualized Growth 2019-24

2.2 %

Definition of Population aged 50 and older

This report analyses the Australian population aged 50 and older, including all citizens and residents. A resident is someone that has been residing in, or plans to reside in, Australia for 12 months or more over a 16-month period. The data for this report is sourced from the Australian Bureau of Statistics and is measured in people residing in Australia at the end of each financial year.

Analyze the wider world in which businesses operate

We measure the upstream and downstream ramifications on thousands of industries so businesses can monitor their external operating environment. Explore membership options today.

Purchase options

Included in an IBISWorld Membership

Our industry reports include 35+ pages of data, analysis and charts, including:

  • Industry Financial Ratios
    Industry Financial Ratios
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions

IBISWorld Premium Data

You need a Membership for access
to this data.

  • Access to your choice of 632
    industry reports
  • Access to full library of 185
    Business Environment Profiles

Get Started with an IBISWorld Membership today!

PURCHASE OPTIONS CONTACT US NOW
IBISWorld
Premium Data

You need a Membership for
access to this data.

Get Started with an IBISWorld Membership today!
PURCHASE OPTIONS

Recent Trends – Population aged 50 and older

IBISWorld expects the population aged 50 and older to increase by 2.4% during 2023-24, to reach 9,505,424 people. The size of this demographic is expected to continue growing during the year, due to continued advancements in healthcare and medical technology. The health consciousness index is also expected to continue its upward trend in 2023-24, signifying that Australians are increasingly looking after their health and wellbeing and living longer as a result.

The population aged 50 and older has grown strongly over the past five years. However, this growth is expected to be slower than the increases throughout the 2000s, when much of the baby boomer generation were reaching 50 years old. The baby boomer generation includes people that were born between 1946-47 and 1964-65, when birth rates increased substantially due to post-war government policies that actively promoted population growth.

Growth in the population aged 50 and older was strong in 2010-11. However, growth in this demographic slowed in subsequent years, after the youngest baby boomers turned 50 in 2013-14. Nevertheless, growth in the population aged 50 and over still exceeds the growth of the total population. The strong growth in this demographic is due to the ongoing effect of the baby boomer generation and increasing life expectancy. Overall, IBISWorld forecasts the population aged 50 and older to grow at a compound annual rate of 2.2% over the five years through 2023-24.

Show more

5-Year Outlook – Population aged 50 and older

IBISWorld forecasts the population aged 50 and older to reach 9,718,896 people in 2024-25, which ...

Looking for IBISWorld Industry Reports?

Gain strategic insight and analysis on thousands of industries.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal