8. France

Fiscal risk rank: 3

In France, there are just 1.2 percent of elders who work. The country spends up to 11 per cent of its total GDP on pensions on these elderly workers, according to the report.

Though the study shows that the old age dependency will increase to 55 percent by mid- century, the country will be safe in terms of increased birth rate. There would be about 29 children out of 100 working people by the end of 2050.

9. Belgium

Fiscal risk rank: 2

Belgium is another country which has low percentage of elderly working people. There are just 2 elders out of 100 working people, which make it to be one of the countries with high financial pressure.

10. Italy

Fiscal risk rank: 1

According to the Maplecroft report, Italy tops the list of countries which are at highest economic risk. The country is projected to have 62 elderly people among 100 workers by the end of 2050.

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