The size of an economy is fundamentally linked to the size of its workforce—a large economy requires many workers to produce goods and many consumers to buy them; South Korea's workforce will shrink below half, from 37 million to less than 17 million by 2060.
causalpending
Evidence Quote
“Broadly speaking, the size of an economy is linked to the size of its workforce – to have a big economy you need a lot of workers to produce a lot of things, and a lot more people to buy them. Today, South Korea has about 37 million people of working age, generating a GDP of about $1.7 trillion. But by 2060 its workforce will have shrunk to less than half, to about 17 million.”
Created: 8/11/2026, 7:49:08 AM
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