Intergenerational Report - Key insights
Key insights from the 2021-2022 Intergenerational Report
NSW will change a lot over the next 40 years. Our population will grow by 40%, and people will be older on average as fewer children will be born and people will live longer.
The economy will also change. New jobs will be created by advances in technology, the shift to net zero greenhouse gas emissions, and changes in the world economy. Learn more about how we are planning for our future in our 2021-2022 Intergeneration Report overview (PDF 5.48MB).
Key insights
NSW population
 8.2 million 2020 |  11.5 million 2061 |
People of working age for every person aged 65 years or older
 3.9 2020 |  2.4 2061 |
Drivers of NSW economic growth
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Contribution to average annual NSW Gross State Product (GSP) growth
Participation rate projection for NSW65.3% 2020 61.6% 2061 | Additional new homes in NSW required by 2061 1.7 million that's one new home for every 2 existing homes today | Share revenue from state sources* is declining 61% 2018-19 53% 2060-61 * excluding NSW Generations Fund (NGF) |
Share of total NSW recurrent spending by 2061
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Key fiscal projections in 2061
(as a share of GSP)
Fiscal gap  2.6% (excluding NGF) | Fiscal gap  0.6% (including NGF) | Gross debt  133% (including NGF) | Net debt  100% (including NGF) NGF: NSW Generations Fund GSP: Gross State Product |
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