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.
New Zealand Population Distribution
The population of New Zealand reached 5.1 million in 2021. New Zealand had the largest population group with 64.7% (3.3 million) of the population falling into the working-age group of 15-64 years. Below 15 years, was the second-largest population group in New Zealand with 19.5% (1 million) of the population. 65 years and above was the third largest population group with 15.8% (0.81 million) of the total population in 2021.
According to Global Data, the old-age dependency ratio as a percentage of the working-age population increased from 18.0% in 2000 to 24.4% in 2021. The sustainability of social expenditure is at risk, as the dependency ratio is rising due to an aging population. The aging population has become a major cause for concern. According to Global Data, the old-age dependency as a percentage of the working-age population increased from 18.0% in 2000 to 24.4% in 2021. The old-age dependency ratio is forecast to reach 30.7% by 2030. The problem of an aging population will continue to plague New Zealand in the coming years, as people continue to retire in increasing numbers. With the country’s older population increasing every year, the cost of social welfare will rise, which could have serious impact on the country’s finances, as well as its economic activity.
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