Since it's such a perfect relationship, I would be interested to see what would happen to the death rates per country if they were normalised on a similar age-based basis. I.e. if you take the equation there, which is
Σ(population (in millions) in age band e^(0.105age of youngest in band)) and then divide that sum by the population of the country then you will end up with a normalised death divisor.
For England & Wales this comes to 39,000 (this does not represent a total of deaths, it's just a reference number with which to compare a different countries which takes into account the population size AND the age of the population). So if you calculate a similar figure for other countries using the same equation and the relevant population pyramid, you can then compare the deaths.
For Italy, that number based on www.populationpyramid.net/italy/2019/ and treating 90+ as 90 in the same way as I have done for E&W, you get a figure of 31,112
Hence if you divide the corona deaths in E&W by 39.0 and those in 31.1 then you will get comparable figures, which are I believe 17,000 official deaths in E&W, and 25,000 in Italy, which normalises that the age-adjusted per-capita death rate in England & Wales is 45% lower than Italy. Which is quite considerable really.
That assumes of course that the 17k and 25k figures are themselves comparable, which might not be the case..... But at least it's better than comparing on countries blindly.
For example, if we take the population pyramid for Indonesia, which has 270.6 million people
www.populationpyramid.net/indonesia/2019/
then using the equation above we find that the age-adjusted population/death divisor is 31.1, which is almost identical to Italy with only 60.6 million people, and considerably lower than England & Wales with also around 60 million people
In other words, if all other parameters were the same, we'd expect based on the relative populations for Italy and Indonesia to have the same toll, despite much larger populations.
Of course other parameters are NOT the same, but at least we can see that all countries don't have the same risk level, and that a country with a relatively young population will, by default, suffer perhaps just 1/5 of the deaths per capita of a country like the UK.
There's good reason to suppose that poverty, economic damage, lockdown measures, etc. will kill more than covid-19 itself in developing countries.