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In this article, we look at the 20 countries with the lowest population growth rates in the world. If you would like to skip the discussion on national population trends, please visit the following link: 5 countries with the lowest population growth rates in the world.
In 1950, the world’s population was only 2.5 billion people. By 2023, he will have more than three times as many people as her, reaching a whopping 8 billion. The United Nations predicts that the world’s population will increase steadily, reaching 8.5 billion by 2023, 9.7 billion by 2050, and peaking at 10.4 billion by 2100. This also indicates that population growth is slowing. world population growth rate.
One of the main reasons for this slowing pace of growth is the decline in birth rates. Fertility rates have declined in many parts of the world in recent decades. More than half of the world’s population now lives in countries where women have fewer than 2.1 children on average over their lifetime. Since the late 1970s, developed countries in Europe and North America have seen a continuous decline in birth rates. In some countries, fertility rates are even below 1.4 births per woman. As a result, migration has emerged as the main driver of population growth in these regions, and this trend is expected to continue in the future.
Regions such as sub-Saharan Africa, Central Asia, and Southeast Asia experienced very high population growth rates in 2021. Top 10 countries with fastest growing population located across these areas. These countries include highest population growth rate in the world, This is mainly due to above-average birth rates.
The world’s population is expected to continue to grow due to decreasing mortality rates and increasing life expectancy. Life expectancy is expected to reach 77.3 years by 2050. This trend toward longer lifespans has led to an increase in the number of people aged 65 and over and is reshaping the population structure. In fact, the growth rate of this age group is faster than that of younger people. By 2050, the world’s population aged 65 and over is projected to be more than twice as large as the number of children under the age of 5 and almost equal to the number of children under the age of 12.
Growth of the global nursing home services market
Given these demographic changes, the global nursing home services market is expected to reach $14.2 billion by 2032, according to Allied Market Research. This market is expected to expand at a compound annual growth rate of 4.2% from 2023 to 2032. North America holds the largest share in this market, and the North American market is expected to continue to grow at a growth rate of 3.8% to reach $5,417.8 million annually until 2032. Key industry players include Brookdale Senior Living Inc. (NYSE:BKD), Genesis Healthcare Inc. (OTC:GENN), and ABM Industries Incorporated (NYSE:ABM).
Brookdale Senior Living Inc. (NYSE:BKD) is a company well-known for its nursing homes and senior living facilities. The company’s recently announced full-year 2023 results showed strong growth driven by high occupancy rates.
Genesis Healthcare Inc. (NYSE:GENN) is another well-known company in the senior housing market. Recently, 19 of his facilities in nine states were listed in U.S. News and World Report’s 2024 Best Nursing Homes list.
ABM Industries Incorporated (NYSE:ABM) is primarily a facility management services company with significant influence in the senior living facilities market. With over 40 years of experience in this field, the company provides multiple services for senior housing.
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our methodology
To create the final list of the 20 countries with the lowest population growth rates in the world, we consulted the latest data from the CIA World Factbook. Population growth measures the average annual rate of change in a country’s overall population size as of 2023. We ranked countries in descending order based on average annual population growth rate. Our list does not include island countries or territories.
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20 countries with the lowest population growth rates in the world
20. Colombia
Population growth rate: 0.54%
Colombia’s population is aging rapidly. The birth rate has been steadily declining and will drop significantly by 7.7% from the previous year in 2022. In the second half of 2023, it decreased by 10.5%. This trend is expected to continue, and the proportion of elderly people is expected to increase even further in the future. According to predictions, by 2060 two out of every three Colombians will have retired.
19. Sweden
Population growth rate: 0.51%
According to Statistics Sweden, Sweden’s population growth rate in 2023 will be the lowest in 22 years. The population increased by just 30,200 people, reaching 10.5 million. This is a significant slowdown compared to the previous year. Several factors contributed to this slowdown in growth. These include fewer births, less immigration, and more immigration.
18. Peru
Population growth rate: 0.5%
Peru’s population recorded a moderate increase in 2023. According to the National Institute of Statistics and Information (INEI), the population reached an estimated 33.73 million people. This growth was primarily driven by birth rates exceeding death rates, as net migration was negative.
17. United Kingdom
Population growth rate: 0.49%
The UK’s population is steadily increasing. This growth is primarily driven by a combination of factors. First, although the birth rate is still above zero, it has been on the decline in recent years. However, this still exceeds the mortality rate, which means positive natural population growth. Additionally, net immigration is also driving growth. The UK has a steady influx of new residents, attracting skilled workers and international students.
16 Netherlands
Population growth rate: 0.48%
In the Netherlands, population growth slowed significantly in 2023. Compared to the net increase of 221,000 people in 2022, the growth rate fell by more than 36%. In the Netherlands, the number of deaths will exceed the number of births in 2023. As a result, the natural population growth rate became negative. Additionally, immigration decreased in 2023. In addition to this decline, there was an increase in immigration, especially among non-Dutch residents.
15. Denmark
Population growth rate: 0.44%
Denmark’s population growth slowed in 2023. The country’s population growth rate is only 0.4%, well below her 1.0% growth observed in 2022. In 2023, there was a negative natural population change. This means that the number of deaths exceeded the number of deaths. of birth. In addition, the immigration rate also decreased by 19% in 2023 compared to 2022. Denmark is among the top 15 countries with the lowest population growth rates in the world.
14. Azerbaijan
Population growth rate: 0.43%
Azerbaijan’s population is growing, albeit at a very slow pace, reaching an estimated 10.45 million people in April 2024. Since the net migration rate is negative, this increase is primarily due to birth rates exceeding death rates. Although the country’s population is relatively young, the birth rate is low, with 1.93 children per woman.
13. North Korea
Population growth rate: 0.4%
Recent estimates indicate that North Korea’s population growth rate will be approximately 0.4% in 2023. The average fertility rate is 1.79 lifetime births per woman. Factors such as economic hardship, later marriages, and government policies may be contributing to lower birth rates.
12. Austria
Population growth rate: 0.31%
Austria’s average annual population growth rate is 0.31% in 2023. The birth rate is 9.39 per 1,000 people, but the death rate is slightly higher at 9.86 per 1,000 people, indicating that the natural decline in the population is small. This suggests that, on average, more people die in Austria than are born. However, immigration serves to offset natural population decline and contributes to overall growth.
11. Guyana
Population growth rate: 0.28%
As of 2023, Guyana’s population growth rate remains relatively low at approximately 0.28%. Despite a birth rate of 16.7 per 1,000 and a death rate of more than 7 per 1,000, the country faces immigration challenges. Approximately 55% of Guyana’s population resides overseas, making it one of the countries with the highest rates of immigration worldwide. This significant exodus of citizens, especially young people seeking opportunities elsewhere, is having an impact on the country’s population growth.
10. Uruguay
Population growth rate: 0.27%
Uruguay is in the top 10 countries with the lowest population growth rate in the world. The number of births in Japan is decreasing nationwide, and the population is aging. However, this slowdown is being offset by a significant increase in immigration. Nearly 62,000 immigrants have arrived in recent years, playing an important role in maintaining Uruguay’s population growth.
9. Korea
Population growth rate: 0.23%
South Korea faces a complex demographic challenge of stagnant population growth. As of 2023, the country’s annual population growth rate will be approximately 0.23%, significantly lower than in previous decades. The main factor behind the slowdown in population growth is the decline in birth rates. South Korea’s birth rate has fallen dramatically to just 0.72 babies per woman in her lifetime by 2023. This decline is believed to be due to a variety of factors, including economic and social pressures.
8. Finland
Population growth rate: 0.22%
The slowdown in Finland’s population growth is mainly due to a decline in the birth rate. In 2023, the number of births in this country was 17,786 fewer than the number of deaths. Finland’s birth rate has been steadily declining for more than a decade, plummeting by a third since 2010. Therefore, in recent years, population growth has relied on net immigration.
7. France
Population growth rate: 0.21%
France is experiencing major demographic changes. The birth rate has fallen to its lowest level since World War II, falling by 6.6% in 2023, according to the latest national statistics. This decline coincides with average life expectancy for men now reaching an all-time high of 80 years and 85.7 years. For women. These contrasting trends are driving the rapid aging of France’s population. France is in the top 10 countries with the lowest population growth rate in the world.
6. Thailand
Population growth rate: 0.2%
As of 2023, Thailand’s annual population growth rate is only 0.2%, significantly lower than in previous decades. This slowdown can be mainly attributed to declining birth rates. Thailand’s birth rate has been steadily declining over the past few decades. According to the latest records, the birth rate is estimated at 9 births per 1000 people. Thailand has taken steps to address this issue, including providing childcare services and access to fertility treatment centres.
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Disclosure: None. 20 countries with the lowest population growth rates in the world Originally published on Insider Monkey.
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