Global Population
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.
Canada Population Distribution
The population of Canada reached 38.2 million in 2021. Canada had the largest population group of 64.7% (24.7million) of the population falling into the working-age group of 15-64 years. 65 years and above, was the second-largest population group in Canada with 19.5% (7.4 million) of the population. Below 15 years was the third largest population group with 15.8% (6.1 million) of the total population in 2021.
Canada’s immigration policy is among the most lenient in the world, making it a favored destination for entrants from developing and underdeveloped countries. The authorities have been accused of favoring immigrants to capture their votes.
Aging Population an Area of Concern in Canada
Canada is facing the challenge of an increasingly elderly population. The proportion of people in the 65+ age group increased between 2015-2020. The share of the old-age population is forecasted to increase by 2025. Rising pensions and old age payments and the high government debt levels are expected to put pressure on federal finances.
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