Global Population: Overview
The entire number of people living in a nation or area is referred to as its population. The economy, female fertility rates, birth rates, mortality rates, healthcare facilities, expanding urbanization, immigration and emigration rates, education, and other social and cultural elements are only a few of the many variables that affect a nation's population growth.
Currently, the global population is growing at a low single-digit annual rate. The population is projected to grow by 81 million people annually. The population of the world has more than doubled between 1959 and the 2000s. The annual rate of population increase reached its high in the late 1960s. The pace of increase has nearly halved since then, and it is anticipated that it will continue to decrease globally in the coming years.
Australia Population Distribution
The population of Australia reached 25.7 million in 2021. Australia had the largest population group with 65.2% (16.8 million) of the population falling into the working-age group of 15-64 years. Below 15 years, was the second-largest population group in Australia with 18.7% (4.8 million) of the population. 65 years and above was the third largest population group with 16.2% (4.2 million) of the total population in 2021.
The share of the population aged 65 and above is expected to reach 17.3% of the total population by 2025, according to Global Data. The old-age dependency ratio stood at 24.8% in 2021, according to Global Data. With this age structure, Australia shows similar demographic trends to the rest of the developed nations. The population is aging, and fewer people are entering the workforce. The proportion of the working-age population as a percentage of the total population is expected to decline from 65.4% in 2020 to 64.6% by 2025.
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