Global Population: Overview
A country's or region's population is defined as the total number of people living there.
The world's population is currently increasing at a low single-digit annual rate. The population is expected to rise at a rate of 81 million people every year. Between 1959 and the 2000s, the world's population more than doubled. In the late 1960s, the annual population growth rate peaked. Since then, the rate of increase has practically halved, and it is predicted to continue to fall in the future years around the world.
Population Growth Analysis of Nigeria
Between 2015-2021, the population of Nigeria was highest in 2021, reaching 211.4 million people. The country witnessed significant growth in total population in 2021 when compared to the previous years among both the male and female population. The population of Nigeria has exponentially increased since the 1960s.
The population is expected to reach 216.7 million by 2022. The growth of Nigeria’s population is spurred on by early marriages, high birth rates, and a lack of access to family planning clinics.
Population Segmentation of Nigeria
Gender: The male and female population of Nigeria witnessed a low single-digit YoY growth in 2021. Among the male and female population of Nigeria, the country in most of its history has had a large number of male population over the female population.
Urban and Rural Population: Nigeria had a larger proportion of people living in urban areas than the rural areas in 2020. Prior to 2020, Nigeria had a larger proportion of people living in the rural areas. The urban population in Nigeria has been rapidly growing in the last few years, reporting a low single-digit YoY growth in 2021. The population of rural Nigeria remained steady in the last few years.
Age: Most of Nigeria’s population is between the ages of 15 and 64. In 2020, 41.7% of the population was below 15 years of age, 55% was in the working-age bracket (15– 64), and 3.3% were aged above 65 years. The working-age population is expected to increase to 56.5% in 2025. Nigeria’s under 15 age group is expected to decline from 44.2% in 2010 to 40.1% in 2025. Approximately 97% of Nigeria’s population was aged below 65 years in 2020, which is a positive sign for the country’s future as it provides the country with a huge demographic dividend that it can exploit.
Factors Affecting Population Growth of a Country
Population growth of a country depends on multiple factors including the economy, female fertility rates, birth rates, death rates, healthcare facilities, increasing urbanization, immigration & emigration rates, education, and other social & cultural aspects.
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