As the Australian population ages and people move within the country, the demand for goods and services will change.
Demographic and workforce modelling helps organisations understand possible future states of the world by making projections of future population and workforce size and age structure based on current population, fertility and morbidity rates, and migration rates.
Private and public sector organisations can use population projections to help them understand the demand for future market and non-market goods and services - including education, health, and transport.
Understanding future population and workforce scenarios can help organisations understand a range of potential future worlds, which can help their planning.
ACIL Allen has both Australia and world demographic and workforce models. Our Computable General Equilibrium (CGE) model of the world economy also incorporates a full demographic model.
The Australia-focussed population demographic and resource use model can project population data and resource needs out to 2050 or beyond. It covers Australia as a whole and 41 of its urban areas. These urban areas collectively represent more than 80 percent of Australia’s population.
The world demographic and workforce model covers 114 international regions in addition to Australia.
Both our Australia and world models can project population, age and gender composition, and workforce participation over time.
Our Australia model can also project changes in skills, occupations and resource use needs across Australia and provide national and regional detail about:
- number of households
- demand for hospital beds, schools and childcare
- demand for retirement villages and aged care
- energy and water use
- retail and office space
- impacts on government budgets
- skills shortages and labour market constraints.
Examples of uses for the model include medium-term demographic projections for national organisations, and briefing local government and industry in regional development forums.