The Population of United States of America attained a value of 333,924,566 people in 2023
The indicator recorded a historical growth (CAGR) of 88% between 2020 to 2023, and is expected to grow by...
GlobalData projects the figure to grow at a CAGR of ...
Global Population: Overview
Population is defined as the total number of people residing in a country or region.
The global population is currently growing at a low single-digit growth rate per year. The annual population growth rate is anticipated to be 81 million people per year. The world population has more than doubled from 1959 to the 2000s. The annual population growth rate reached its peak in the late 1960s. Since then the rate of increase has nearly halved and is expected to continue to decline worldwide in the coming years.
Population Growth Analysis
The country had a population of 331 million people in 2021, compared to 329 million in 2020, according to GlobalData estimates. During 2017-2020, the population of the country grew at an average annual rate of 1.8%. According to GlobalData, the population is expected to increase from 325.8 million in 2022 to 335.8 million in 2024. According to GlobalData, the population is expected to grow at an average annual rate of 0.4% during the period from 2022-2026.
Strengths: Strong benefits system for elderly and less-privileged populations
The American population enjoys a high standard of living. The United Nations Development Programme, which ranks so many countries on parameters such as life expectancy, access to education, and income levels, placed the US in a good position in the 2020 Human Development Index Statistical Update. In terms of school education attainment, the majority completed tertiary education, and the rest of the US adult population between the ages of 25 and 64 completed upper secondary education in 2020.
Future Risks: Ageing Population in the US
An aging population has become a cause for concern in the US. Government financing will be increasingly pressured by the needs of an aging population and a declining labor force. Various studies and information from the Social Security Administration indicate that around one-third of total retirees depend on social security benefits as their sole source of income. This indicates that the burden on government finances will increase. According to the 2020 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance (OASDI) Trust Funds, the combined trust funds are expected to be depleted by 2035. The old-age dependency ratio is projected to rise in 2030.
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