World Population Day, July 11, is just around the corner. It was established in by the Governing Council of the United Nations Development Program to turn our focus to population issues. At the time of the first World Population Day, about 5. Now, about 7. By , it is projected that the population will be above 11 billion, more than double the population on the first World Population Day 30 years ago.
According to data recently released by the population data-gathering organization Population Reference Bureau, that distinction belongs to 20 countries in Africa and Asia, where populations have surged in recent years. The rapid population growth is expected to continue into , fueled by increased life expectancy and declining mortality and high fertility rates associated with a largely youthful — and booming — population.
Poorest countries: These are the 25 poorest countries in the world. Richest countries: These are the 25 richest countries in the world. Bigger populations can create strain in lots of different areas of society. Increased family sizes can strain meager financial resources to beyond imagination.
Burgeoning populations can increase pressure on the land and natural resources, as evidenced in places such as Chad and Burundi, which are among the countries doing the least to protect the environment. Family planning was recognized as a human right half a century ago, with standards established to uphold that right. But access to family planning information can be costly, and funding for programs has been cut in recent years.
Quality of life can suffer, as in South Sudan, where an ongoing civil war has made that nation one of the most miserable places on Earth. Other population-related issues include access to health care, poverty, and small gender gaps. Moreover, the country has handled Covid in an impressive fashion, virtually stamping out the virus domestically, which allowed the economy to expand at one of the fastest paces globally last year.
Over the coming years, the manufacturing sector should propel activity. However, a potentially slow recovery in visitor arrivals, exposure to external shocks and the fragile health of leader Nguyen Phu Trong pose downside risks.
While the upward trend of economic activities is likely to continue in , this outlook is highly dependent on the containment of the pandemic globally and the rolling out of vaccines. Economic activity has been spurred in recent years by surging garment and construction sectors, although the economy was hard-hit by the pandemic in and likely contracted notably, amid income losses and lower tourism revenue. The economy should return to a strong growth trajectory this year as the impact of the pandemic fades and FDI remains strong, although high unemployment, tense relations with the EU—the key market for garment exports—and elevated twin deficits pose downside risks.
Resultant productivity gains can enable domestic income growth which defuses discontent, even if politics remain repressive, and promotes expansion of net exports that keeps the current account deficit on its gradual downward course.
Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the opinion of FocusEconomics S. Views, forecasts or estimates are as of the date of the publication and are subject to change without notice. This report may provide addresses of, or contain hyperlinks to, other internet websites.
FocusEconomics S. COP26 kicked off in Glasgow last week, and fossil fuels are big on the agenda. Major Economies. South-Eastern Europe. While the extreme heat in the country and low resources on clean water is still a battle for many citizens, the steady growth of market and job opportunities will surely increase quality.
Laos: 7 Percent Laos possesses rich natural resources and a high utilization for hydroelectricity. Its central location in southeast Asia created strong trade with its neighboring countries, and also a growing global interest in the nation has created increased levels of tourism. Cambodia: 6. Myanmar: 6. In , the Myanmar government began to make a real push to increase investment again by restructuring its government and economy to a democracy form of government from a military-based one and creating a more market-oriented economy.
Four of the 10 most populous countries in the world will no longer be among the top 10 in — and all four will be supplanted by rapidly growing nations in Africa, according to recently released population projections from the United Nations. By , they are projected to be overtaken by the Democratic Republic of the Congo, Ethiopia, Tanzania and Egypt — none of which are currently in the top Of the six countries that are projected to account for more than half of all world population growth by , five are in Africa, as a previous Pew Research Center analysis noted.
Eight of the 10 countries that are expected to gain the most people by are in Africa: Nigeria with the largest gain, million , the Democratic Republic of the Congo, Tanzania, Ethiopia, Angola, Niger, Egypt and Sudan. The two non-African nations on this list are Pakistan and the United States, which are projected to see population gains of million and million people, respectively. At the other end of the spectrum, none of the 10 countries that are expected to see the biggest population losses by are in Africa.
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