Demographics
Mapping the Global Migration of Millionaires
Published
2 years agoon
By
Nick Routley

The world’s wealthiest people are also the most mobile.
High net worth individuals (HNWIs) โ persons with wealth over US$1 million โ may decide to pick up and move for a number of reasons. In some cases they are attracted by jurisdictions with more favorable tax laws, or less pollution and crime. Sometimes, they’re simply looking for a change of scenery.
Today’s graphic, using data from the annual Global Wealth Migration Review, maps the migration of the world’s millionaires, and clearly shows which countries are magnets for the world’s rich, and which countries are seeing a wealth exodus.
The Flight of the Millionaires
It’s no secret that China has been a wealth creation machine over the past two decades. Although the country is still making a number of its citizens very wealthy, over 15,000 Chinese HNWIs still chose to migrate to other countries in 2018 โ the most significant migration of any country.
Here’s a look at the top countries by HNWI outflows:
Country | Net Outflow of NHWIs (2018) | % of HNWIs lost |
---|---|---|
๐จ๐ณ China | 15,000 | 2% |
๐ท๐บ Russia | 7,000 | 6% |
๐ฎ๐ณ India | 5,000 | 2% |
๐น๐ท Turkey | 4,000 | 10% |
๐ซ๐ท France | 3,000 | 1% |
๐ฌ๐ง United Kingdom | 3,000 | 0% |
๐ง๐ท Brazil | 2,000 | 1% |
๐ธ๐ฆ Saudi Arabia | 1,000 | 2% |
๐ฎ๐ฉ Indonesia | 1,000 | 2% |
Figures rounded to nearest 1000.
Unlike the middle class, wealthy citizens have the means to pick up and leave when things start to sideways in their home country. An uptick in HNWI migration from a country can often be a signal of negative economic or societal factors influencing a country.
This is the case in Turkey, which has been rocked by instability, mass protests, and an inflation rate estimated to be in the triple-digits by some sources.
For the third straight year, Turkey lost more than 4,000 millionaires. An estimated 10% of Turkey’s HNWIs fled in 2018, which is concerning because unlike China and India, the country is not producing new millionaires in any significant number.
Millionaire Magnets
Time-honored locations โ such as Switzerland and the Cayman Islands โ continue to attract the world’s wealthy, but no country is experiencing HNWI inflows quite like Australia.
The Land Down Under has a number of attributes that make it an attractive destination for migrating millionaires. The country has a robust economy, and is perceived as being a safe place to raise a family. Even better, Australia has no inheritance tax and a lower cost of health care, which can make it an attractive alternative to the U.S.
In 2018, Australia jumped ahead of both Canada and France to become the seventh largest wealth market in the world.
Here’s a look at HNWI inflows around the world:
Country | Net Inflow of HNWIs (2018) | % of HNWI Gained |
---|---|---|
๐ฆ๐บ Australia | 12,000 | 3% |
๐บ๐ธ United States | 10,000 | 0% |
๐จ๐ฆ Canada | 4,000 | 1% |
๐จ๐ญ Switzerland | 3,000 | 1% |
๐ฆ๐ช United Arab Emerates | 2,000 | 2% |
๐ง๐ฒ Caribbean* | 2,000 | 3% |
๐ณ๐ฟ New Zealand | 1,000 | 1% |
๐ธ๐ฌ Singapore | 1,000 | 0% |
๐ฎ๐ฑ Israel | 1,000 | 1% |
๐ต๐น Portugal | 1,000 | 2% |
๐ฌ๐ท Greece | 1,000 | 2% |
๐ช๐ธ Spain | 1,000 | 1% |
Figures rounded to nearest 1000. *Bermuda, Cayman Islands, Virgin Islands, St Barts, Antigua, St Kitts & Nevis, etc
Greece, which was one of the worst performing wealth markets of the last decade, is finally seeing a modest inflow of millionaires again.
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Markets
The Population of China in Perspective
China is the world’s most populous country. But how does the population of China compare to the rest of the world?
Published
4 days agoon
February 22, 2021
The Population of China in Perspective
China is the worldโs most populous country with an astounding 1.44 billion citizens. Altogether, the size of the population of China is larger than nearly four regions combined: South America, Europe (excluding Russia), the U.S. & Canada, and Australia & New Zealand.
Using data from the United Nations, this unconventional map reveals the comparative size of China’s population next to a multitude of other countries.
Note: To keep the visualization easy to read, we’ve simplified the shapes representing countries. For example, although we’ve included Alaska and Hawaii in U.S. population totals, the U.S. is represented by the contiguous states map only.
A Historical Perspective
Looking at history, the population of China has more than doubled since the 1950s. The country was the first in the world to hit one billion people in 1980.
However, in 1979, in an attempt to control the burgeoning population, the infamous one-child policy was introduced, putting controls on how many children Chinese citizens could have.
While the government eventually recognized the negative implications of this policy, it appeared to be too little, too late. The two-child policy was introduced in 2016, but it has not yet reversed the current slowdown inย population growth.
Year | China's Population (Millions) | Annual Rate of Growth (%) | Median Age | Fertility Rate |
---|---|---|---|---|
1955 | 612.2 | 2.00% | 22.2 | 6.11 |
1960 | 660.4 | 1.53% | 21.3 | 5.48 |
1965 | 724.2 | 1.86% | 19.8 | 6.15 |
1970 | 827.6 | 2.70% | 19.3 | 6.30 |
1975 | 926.2 | 2.28% | 20.3 | 4.85 |
1980 | 1,000.1 | 1.55% | 21.9 | 3.01 |
1985 | 1,075.6 | 1.47% | 23.5 | 2.52 |
1990 | 1,176.9 | 1.82% | 24.9 | 2.73 |
1995 | 1,240.9 | 1.07% | 27.4 | 1.83 |
2000 | 1,290.6 | 0.79% | 30.0 | 1.62 |
2005 | 1,330.8 | 0.62% | 32.6 | 1.61 |
2010 | 1,368.8 | 0.57% | 35.0 | 1.62 |
2015 | 1,406.8 | 0.55% | 36.7 | 1.64 |
2016 | 1,414.0 | 0.51% | 37.0 | 1.65 |
2017 | 1,421.0 | 0.49% | 37.0 | 1.65 |
2018 | 1,427.6 | 0.47% | 37.0 | 1.65 |
2019 | 1,433.8 | 0.43% | 37.0 | 1.65 |
2020 | 1,439.3 | 0.39% | 38.4 | 1.69 |
The fertility rate has been consistently falling from over 6 births per woman in 1955 to 1.69 in 2020. Today, the median age in China is 38 years old, rising from 22 in 1955. Longer life spans and fewer births form a demographic trend that has many social and economic implications.
Overall, Chinaโs young population is becoming scarcer, meaning that the domestic labor market will eventually begin shrinking. Additionally, the larger share of elderly citizens will require publicly-funded resources, resulting in a heavier societal and financial burden.
Strength in Numbers
Despite these trends, however, Chinaโs current population remains massive, constituting almost 20% of the worldโs total population. Right now 71% of the Chinese population is between the ages of 15 and 65 years old, meaning that the labor supply is still immense.
Here are the populations of 65 countries from various regions of the worldโand added together, you’ll see they still fall short of the population of China:
Country | Population | Region |
---|---|---|
๐บ๐ธ U.S. | 331,002,651 | North America |
๐จ๐ฆ Canada | 37,742,154 | North America |
๐ง๐ท Brazil | 212,559,417 | South America |
๐จ๐ด Colombia | 50,882,891 | South America |
๐ฆ๐ท Argentina | 45,195,774 | South America |
๐ต๐ช Peru | 32,971,854 | South America |
๐ป๐ช Venezuela | 28,435,940 | South America |
๐จ๐ฑ Chile | 19,116,201 | South America |
๐ช๐จ Ecuador | 17,643,054 | South America |
๐ง๐ด Bolivia | 11,673,021 | South America |
๐ต๐พ Paraguay | 7,132,538 | South America |
๐บ๐พ Uruguay | 3,473,730 | South America |
๐ฌ๐พ Guyana | 786,552 | South America |
๐ธ๐ท Suriname | 586,632 | South America |
๐ฌ๐ซ French Guyana | 298,682 | South America |
๐ซ๐ฐ Falkland Islands | 3,480 | South America |
๐ฆ๐บ Australia | 25,499,884 | Oceania |
๐ณ๐ฟ New Zealand | 4,822,233 | Oceania |
๐ฉ๐ช Germany | 83,783,942 | Europe |
๐ซ๐ท France | 65,273,511 | Europe |
๐ณ๐ฑ Netherlands | 17,134,872 | Europe |
๐ง๐ช Belgium | 11,589,623 | Europe |
๐ฆ๐น Austria | 9,006,398 | Europe |
๐จ๐ญ Switzerland | 8,654,622 | Europe |
๐ฑ๐บ Luxembourg | 625,978 | Europe |
๐ฒ๐จ Monaco | 39,242 | Europe |
๐ฑ๐ฎ Liechtenstein | 38,128 | Europe |
๐ฎ๐น Italy | 60,461,826 | Europe |
๐ช๐ธ Spain | 46,754,778 | Europe |
๐ฌ๐ท Greece | 10,423,054 | Europe |
๐ต๐น Portugal | 10,196,709 | Europe |
๐ท๐ธ Serbia | 8,737,371 | Europe |
๐ญ๐ท Croatia | 4,105,267 | Europe |
๐ง๐ฆ Bosnia and Herzegovina | 3,280,819 | Europe |
๐ฆ๐ฑ Albania | 2,877,797 | Europe |
๐ฒ๐ฐ North Macedonia | 2,083,374 | Europe |
๐ธ๐ฎ Slovenia | 2,078,938 | Europe |
๐ฒ๐ช Montenegro | 628,066 | Europe |
๐ฒ๐น Malta | 441,543 | Europe |
๐ฆ๐ฉ Andorra | 77,265 | Europe |
๐ธ๐ฒ San Marino | 33,931 | Europe |
๐ฌ๐ฎ Gibraltar | 33,691 | Europe |
๐ป๐ฆ Vatican City | 801 | Europe |
๐ฌ๐ง United Kingdom | 67,886,011 | Europe |
๐ธ๐ช Sweden | 10,099,265 | Europe |
๐ฉ๐ฐ Denmark | 5,792,202 | Europe |
๐ซ๐ฎ Finland | 5,540,720 | Europe |
๐ณ๐ด Norway | 5,421,241 | Europe |
๐ฎ๐ช Ireland | 4,937,786 | Europe |
๐ฑ๐น Lithuania | 2,722,289 | Europe |
๐ฑ๐ป Latvia | 1,886,198 | Europe |
๐ช๐ช Estonia | 1,326,535 | Europe |
๐ฎ๐ธ Iceland | 341,243 | Europe |
Channel Islands | 173,863 | Europe |
๐ฎ๐ฒ Isle of Man | 85,033 | Europe |
๐ซ๐ด Faroe Islands | 48,863 | Europe |
๐บ๐ฆ Ukraine | 43,733,762 | Europe |
๐ต๐ฑ Poland | 37,846,611 | Europe |
๐ท๐ด Romania | 19,237,691 | Europe |
๐จ๐ฟ Czechia | 10,708,981 | Europe |
๐ญ๐บ Hungary | 9,660,351 | Europe |
๐ง๐พ Belarus | 9,449,323 | Europe |
๐ง๐ฌ Bulgaria | 6,948,445 | Europe |
๐ธ๐ฐ Slovakia | 5,459,642 | Europe |
๐ฒ๐ฉ Moldova | 4,033,963 | Europe |
Total | 1,431,528,252 |
To break it down even further, here’s a look at the population of each of the regions listed above:
- Australia and New Zealand: 30.3 million
- Europe (excluding Russia): 601.7 million
- South America: 430.8 million
- The U.S. and Canada: 368.7 million
Combined their population is 1.432 billion compared to China’s 1.439 billion.
Overall, the population of China has few comparables. India is one exception, with a population of 1.38 billion. As a continent, Africa comes in close as well at 1.34 billion people. Here’s a breakdown of Africa’s population for further comparison.
Country | Population | Region |
---|---|---|
๐ณ๐ฌ Nigeria | 206,139,589 | Africa |
๐ฌ๐ญ Ghana | 31,072,940 | Africa |
๐จ๐ฎ Cรดte d'Ivoire | 26,378,274 | Africa |
๐ณ๐ช Niger | 24,206,644 | Africa |
๐ง๐ซ Burkina Faso | 20,903,273 | Africa |
๐ฒ๐ฑ Mali | 20,250,833 | Africa |
๐ธ๐ณ Senegal | 16,743,927 | Africa |
๐ฌ๐ณ Guinea | 13,132,795 | Africa |
๐ง๐ฏ Benin | 12,123,200 | Africa |
๐น๐ฌ Togo | 8,278,724 | Africa |
๐ธ๐ฑ Sierra Leone | 7,976,983 | Africa |
๐ฑ๐ท Liberia | 5,057,681 | Africa |
๐ฒ๐ท Mauritania | 4,649,658 | Africa |
๐ฌ๐ฒ Gambia | 2,416,668 | Africa |
๐ฌ๐ผ Guinea-Bissau | 1,968,001 | Africa |
๐จ๐ป Cabo Verde | 555,987 | Africa |
๐ธ๐ญ Saint Helena | 6,077 | Africa |
๐ฟ๐ฆ South Africa | 59,308,690 | Africa |
๐ณ๐ฆ Namibia | 2,540,905 | Africa |
๐ง๐ผ Botswana | 2,351,627 | Africa |
๐ฑ๐ธ Lesotho | 2,142,249 | Africa |
๐ธ๐ฟ Eswatini | 1,160,164 | Africa |
๐ช๐ฌ Egypt | 102,334,404 | Africa |
๐ฉ๐ฟ Algeria | 43,851,044 | Africa |
๐ธ๐ฉ Sudan | 43,849,260 | Africa |
๐ฒ๐ฆ Morocco | 36,910,560 | Africa |
๐น๐ณ Tunisia | 11,818,619 | Africa |
๐ฑ๐พ Libya | 6,871,292 | Africa |
๐ช๐ญ Western Sahara | 597,339 | Africa |
๐จ๐ฉ Democratic Republic of the Congo | 89,561,403 | Africa |
๐ฆ๐ด Angola | 32,866,272 | Africa |
๐จ๐ฒ Cameroon | 26,545,863 | Africa |
๐น๐ฉ Chad | 16,425,864 | Africa |
๐จ๐ฌ Congo | 5,518,087 | Africa |
๐จ๐ซ Central African Republic | 4,829,767 | Africa |
๐ฌ๐ฆ Gabon | 2,225,734 | Africa |
๐ฌ๐ถ Equatorial Guinea | 1,402,985 | Africa |
๐ธ๐น Sao Tome and Principe | 219,159 | Africa |
๐ช๐น Ethiopia | 114,963,588 | Africa |
๐น๐ฟ Tanzania | 59,734,218 | Africa |
๐ฐ๐ช Kenya | 53,771,296 | Africa |
๐บ๐ฌ Uganda | 45,741,007 | Africa |
๐ฒ๐ฟ Mozambique | 31,255,435 | Africa |
๐ฒ๐ฌ Madagascar | 27,691,018 | Africa |
๐ฒ๐ผ Malawi | 19,129,952 | Africa |
๐ฟ๐ฒ Zambia | 18,383,955 | Africa |
๐ธ๐ด Somalia | 15,893,222 | Africa |
๐ฟ๐ผ Zimbabwe | 14,862,924 | Africa |
๐ท๐ผ Rwanda | 12,952,218 | Africa |
๐ง๐ฎ Burundi | 11,890,784 | Africa |
๐ธ๐ธ South Sudan | 11,193,725 | Africa |
๐ช๐ท Eritrea | 3,546,421 | Africa |
๐ฒ๐บ Mauritius | 1,271,768 | Africa |
๐ฉ๐ฏ Djibouti | 988,000 | Africa |
๐ท๐ช Rรฉunion | 895,312 | Africa |
๐ฐ๐ฒ Comoros | 869,601 | Africa |
๐พ๐น Mayotte | 272,815 | Africa |
๐ธ๐จ Seychelles | 98,347 | Africa |
Total | 1,340,598,147 |
Future Outlook on the Population of China
Whether or not Chinaโs population growth is slowing appears to be less relevant when looking at its sheer size. While India is expected to match the country’s population by 2026, China will remain one of the worldโs largest economic powerhouses regardless.
It is estimated, however, that the population of China will drop below one billion people by the year 2100โbumping the nation to third place in the ranking of the worldโs most populous countries. At the same time, it’s possible that China’s economic dominance may be challenged by these same demographic tailwinds as time moves forward.
Markets
Mapping the World’s Youngest and Oldest Countries
Higher life expectancies and lower fertility rates are reshaping global demographics, but vast regional differences remain. Where are the youngest and oldest countries in the world?
Published
2 weeks agoon
February 12, 2021
Mapping the World’s Youngest and Oldest Countries
Country age demographics are determined by two key factors: fertility and mortality.
Throughout history, it was typical to see both birth and death rates at higher levels. But today, in most parts of the world, women are having fewer children, and innovations in healthcare and technology mean we are all living longer. The average person today lives to 72.6 years old, while the rate of births per woman has fallen to 2.5.
These trends have drastically altered the demographics of mature economies, resulting in a much older population. In many developing countries, however, births still outweigh deaths, resulting in populations that skew younger.
This visualization uses data from the World Bank to examine the countries with the highest shares of old and young people.
The Fountain of Youth
By 2030, the United Nations estimates there will be 1.3 billion people on the planet between the ages of 15-24. Proving to be a fountain of youth globally, the continent of Africa boasts the top 10 countries with the largest shares of young people in the world.
Somalia, Zambia, and the DRC are just a few to crack the top 10 list. The youngest country in the world is Niger, where almost 50% of the population is below the age of 15.
Hereโs a full list of global countries, sorted by percentage of population under 15 years old:
Country | Share of Population Younger Than 15 (% of total, 2019) |
---|---|
๐ณ๐ช Niger | 49.8% |
๐ฒ๐ฑ Mali | 47.3% |
๐น๐ฉ Chad | 46.8% |
๐ฆ๐ด Angola | 46.6% |
๐บ๐ฌ Uganda | 46.5% |
๐ธ๐ด Somalia | 46.4% |
๐จ๐ฉ Congo, Dem. Rep. | 46.0% |
๐ง๐ฎ Burundi | 45.4% |
๐ง๐ซ Burkina Faso | 44.7% |
๐ฟ๐ฒ Zambia | 44.5% |
๐ฒ๐ฟ Mozambique | 44.4% |
๐ฌ๐ฒ The Gambia | 44.1% |
๐น๐ฟ Tanzania | 43.8% |
๐ณ๐ฌ Nigeria | 43.7% |
๐ฒ๐ผ Malawi | 43.5% |
๐ฌ๐ณ Guinea | 43.4% |
๐ธ๐ณ Senegal | 42.8% |
๐ฆ๐ซ Afghanistan | 42.5% |
๐จ๐ฒ Cameroon | 42.4% |
๐ง๐ฏ Benin | 42.2% |
๐ฌ๐ผ Guinea-Bissau | 42.2% |
๐ฟ๐ผ Zimbabwe | 42.2% |
๐ธ๐น Sao Tome and Principe | 42.1% |
๐จ๐ฎ Cote d'Ivoire | 41.7% |
๐ธ๐ธ South Sudan | 41.6% |
๐จ๐ฌ Congo | 41.5% |
๐น๐ฌ Togo | 41.0% |
๐ฑ๐ท Liberia | 40.8% |
๐ธ๐ฑ Sierra Leone | 40.7% |
๐ฒ๐ฌ Madagascar | 40.4% |
๐ช๐น Ethiopia | 40.3% |
๐ธ๐ฉ Sudan | 40.2% |
๐ธ๐ง Solomon Islands | 40.1% |
๐ฒ๐ท Mauritania | 39.9% |
๐ท๐ผ Rwanda | 39.8% |
๐ฐ๐ฒ Comoros | 39.3% |
๐ฐ๐ช Kenya | 39.2% |
๐พ๐ช Yemen | 39.2% |
๐ป๐บ Vanuatu | 38.7% |
๐ฎ๐ถ Iraq | 38.0% |
๐ผ๐ธ Samoa | 37.9% |
๐ธ๐ฟ Eswatini | 37.8% |
๐ฌ๐ญ Ghana | 37.4% |
๐น๐ฑ Timor-Leste | 37.3% |
๐ฌ๐ฆ Gabon | 37.2% |
๐น๐ฏ Tajikistan | 37.1% |
๐ฌ๐ถ Equatorial Guinea | 37.0% |
๐ณ๐ฆ Namibia | 36.9% |
๐ฐ๐ฎ Kiribati | 35.8% |
๐ต๐ฌ Papua New Guinea | 35.5% |
๐ต๐ฐ Pakistan | 35.1% |
๐น๐ดTonga | 35.1% |
๐ฌ๐น Guatemala | 33.9% |
๐ง๐ผ Botswana | 33.8% |
๐ช๐ฌ Egypt | 33.8% |
๐ฏ๐ด Jordan | 33.6% |
๐ญ๐น Haiti | 32.9% |
๐ฐ๐ฌ Kyrgyzstan | 32.5% |
๐ฑ๐ธ Lesotho | 32.5% |
๐ฑ๐ฆ Laos | 32.3% |
๐ซ๐ฒ Micronesia | 31.5% |
๐ญ๐ณ Honduras | 31.2% |
๐ฐ๐ญ Cambodia | 31.1% |
๐ธ๐พ Syria | 31.1% |
๐ฒ๐ณ Mongolia | 30.8% |
๐น๐ฒ Turkmenistan | 30.8% |
๐ง๐ด Bolivia | 30.6% |
๐ฉ๐ฟ Algeria | 30.6% |
๐ต๐ญ Philippines | 30.5% |
๐ณ๐ฎ Nicaragua | 29.9% |
๐ง๐ฟ Belize | 29.7% |
๐ณ๐ต Nepal | 29.6% |
๐ซ๐ฏ Fiji | 29.3% |
๐ฉ๐ฏ Djibouti | 29.2% |
๐ต๐พ Paraguay | 29.2% |
๐ฟ๐ฆ South Africa | 29.0% |
๐ฐ๐ฟ Kazakhstan | 28.9% |
๐บ๐ฟ Uzbekistan | 28.8% |
๐จ๐ป Cape Verde | 28.4% |
๐ฑ๐พ Libya | 28.1% |
๐ฌ๐พ Guyana | 27.9% |
๐ฎ๐ฑ Israel | 27.9% |
๐ฉ๐ด Dominican Republic | 27.7% |
๐ช๐จ Ecuador | 27.7% |
๐ป๐ช Venezuela | 27.4% |
๐ง๐ฉ Bangladesh | 27.2% |
๐ฒ๐ฆ Morocco | 27.0% |
๐ธ๐ป El Salvador | 26.9% |
๐ธ๐ท Suriname | 26.9% |
๐ต๐ฆ Panama | 26.8% |
๐ฎ๐ณ India | 26.6% |
๐ฎ๐ฉ Indonesia | 26.2% |
๐ฒ๐ฝ Mexico | 26.2% |
๐ฒ๐ฒ Myanmar | 25.9% |
๐ฑ๐ง Lebanon | 25.6% |
๐ง๐น Bhutan | 25.3% |
๐ต๐ช Peru | 25.3% |
๐ธ๐ฆ Saudi Arabia | 24.9% |
๐ฎ๐ท Iran | 24.7% |
๐ฆ๐ท Argentina | 24.6% |
๐น๐ท Turkey | 24.3% |
๐น๐ณ Tunisia | 24.2% |
๐ฌ๐บ Guam | 24.1% |
๐ฑ๐ฐ Sri Lanka | 24.0% |
๐ฌ๐ฉ Grenada | 23.7% |
๐ฒ๐พ Malaysia | 23.7% |
๐ธ๐จ Seychelles | 23.7% |
๐ฏ๐ฒ Jamaica | 23.5% |
๐ฆ๐ฟAzerbaijan | 23.4% |
๐ป๐ณ Vietnam | 23.2% |
๐ง๐ณ Brunei | 22.6% |
๐จ๐ด Colombia | 22.6% |
๐ต๐ซ French Polynesia | 22.6% |
๐ณ๐จ New Caledonia | 22.4% |
๐ด๐ฒ Oman | 22.4% |
๐ป๐จ St. Vincent and the Grenadines | 22.2% |
๐ง๐ธ Bahamas | 22.1% |
๐ฆ๐ฌ Antigua and Barbuda | 22.0% |
๐ฐ๐ผ Kuwait | 21.6% |
๐ฎ๐ช Ireland | 21.2% |
๐จ๐ท Costa Rica | 21.1% |
๐ง๐ท Brazil | 21.0% |
๐ฆ๐ฒ Armenia | 20.8% |
๐บ๐พ Uruguay | 20.5% |
๐น๐น Trinidad and Tobago | 20.3% |
๐ฌ๐ช Georgia | 20.0% |
๐ฐ๐ต North Korea | 20.0% |
๐ฒ๐ป Maldives | 19.9% |
๐ฎ๐ธ Iceland | 19.6% |
๐ณ๐ฟ New Zealand | 19.6% |
๐จ๐ฑ Chile | 19.5% |
๐ป๐ฎ U.S. Virgin Islands | 19.5% |
๐ฆ๐บ Australia | 19.3% |
๐ง๐ญ Bahrain | 18.7% |
๐จ๐ผ Curacao | 18.5% |
๐บ๐ธ United States | 18.5% |
๐ฑ๐จ St. Lucia | 18.2% |
๐ฒ๐ช Montenegro | 18.2% |
๐ท๐บ Russia | 18.2% |
๐จ๐ณ China | 17.8% |
๐ซ๐ท France | 17.8% |
๐ฌ๐ง United Kingdom | 17.7% |
๐ฆ๐ผ Aruba | 17.6% |
๐ธ๐ช Sweden | 17.6% |
๐ฆ๐ฑ Albania | 17.4% |
๐ณ๐ด Norway | 17.4% |
๐ฒ๐บ Mauritius | 17.3% |
๐ง๐ช Belgium | 17.1% |
๐ง๐ง Barbados | 17.1% |
๐ง๐พ Belarus | 17.0% |
๐น๐ญ Thailand | 16.8% |
๐จ๐พ Cyprus | 16.7% |
๐ช๐ช Estonia | 16.5% |
๐ฉ๐ฐ Denmark | 16.4% |
๐ฒ๐ฐ North Macedonia | 16.4% |
๐ฑ๐ป Latvia | 16.3% |
๐ต๐ท Puerto Rico | 16.3% |
๐จ๐บ Cuba | 16.0% |
๐ซ๐ฎ Finland | 16.0% |
๐ฒ๐ฉ Moldova | 15.9% |
๐ณ๐ฑ Netherlands | 15.9% |
๐บ๐ฆ Ukraine | 15.9% |
๐จ๐ฆ Canada | 15.8% |
๐จ๐ฟ Czech Republic | 15.7% |
๐ฑ๐บ Luxembourg | 15.7% |
๐ท๐ด Romania | 15.6% |
๐ท๐ธ Serbia | 15.5% |
๐ธ๐ฐ Slovakia | 15.5% |
๐ต๐ฑ Poland | 15.2% |
Channel Islands | 15.1% |
๐ฑ๐น Lithuania | 15.1% |
๐ธ๐ฎ Slovenia | 15.1% |
๐จ๐ญ Switzerland | 14.9% |
๐ฆ๐ช United Arab Emirates | 14.7% |
๐ง๐ฌ Bulgaria | 14.7% |
๐ง๐ฆ Bosnia and Herzegovina | 14.7% |
๐ช๐ธ Spain | 14.6% |
๐ญ๐ท Croatia | 14.6% |
๐ฆ๐น Austria | 14.4% |
๐ญ๐บ Hungary | 14.4% |
๐ฒ๐น Malta | 14.3% |
๐ฒ๐ด Macao SAR, China | 14.0% |
๐ฌ๐ท Greece | 13.9% |
๐ฉ๐ช Germany | 13.8% |
๐ถ๐ฆ Qatar | 13.6% |
๐ต๐น Portugal | 13.3% |
๐ฎ๐น Italy | 13.2% |
๐ฐ๐ท South Korea | 12.7% |
๐ฏ๐ต Japan | 12.6% |
๐ญ๐ฐ Hong Kong SAR, China | 12.3% |
๐ธ๐ฌ Singapore | 12.3% |
Young countries have significant opportunities ahead of them. A younger population means a larger upcoming workforce and more opportunities for innovation and economic growth.
While domestic markets in Africa grow in terms of labor supply, innovation, and potential consumers, there are also challenges that arise in these countries. Corruption, political instability and unemployment, particularly in Africa, are all potential barriers to prosperity for the continent’s Gen Z population.
Populations Skewing Older
The worldโs oldest country is Japan, where 28% of the population is older than 65. However, itโs an anomalyโthe rest of the oldest countries in the top 10 are all in Europe.
Globally, itโs the 65+ age group that is growing the fastest. According to the same UN estimates, it is predicted that by 2050 that one in six people will be over 65 years old.
Hereโs a full list of global countries, sorted by percentage of population over 65 years old:
Country | Share of Population Older Than 65 (% of total, 2019) |
---|---|
๐ฏ๐ต Japan | 28.0% |
๐ฎ๐น Italy | 23.0% |
๐ต๐น Portugal | 22.4% |
๐ซ๐ฎ Finland | 22.1% |
๐ฌ๐ท Greece | 21.9% |
๐ฉ๐ช Germany | 21.5% |
๐ง๐ฌ Bulgaria | 21.2% |
๐ญ๐ท Croatia | 20.8% |
๐ฒ๐น Malta | 20.8% |
๐ซ๐ท France | 20.3% |
๐ฑ๐ป Latvia | 20.3% |
๐ธ๐ช Sweden | 20.1% |
๐ธ๐ฎ Slovenia | 20.1% |
๐ฑ๐น Lithuania | 20.1% |
๐ช๐ช Estonia | 19.9% |
๐ฉ๐ฐ Denmark | 19.9% |
๐ป๐ฎ U.S. Virgin Islands | 19.8% |
๐จ๐ฟ Czech Republic | 19.8% |
๐ต๐ท Puerto Rico | 19.6% |
๐ญ๐บ Hungary | 19.6% |
๐ช๐ธ Spain | 19.6% |
๐ณ๐ฑ Netherlands | 19.6% |
๐ฆ๐น Austria | 19.0% |
๐ง๐ช Belgium | 19.0% |
๐จ๐ญ Switzerland | 18.8% |
๐ท๐ด Romania | 18.7% |
๐ท๐ธ Serbia | 18.7% |
๐ฌ๐ง United Kingdom | 18.5% |
๐ต๐ฑ Poland | 18.1% |
๐จ๐ฆ Canada | 17.6% |
Channel Islands | 17.6% |
๐ญ๐ฐ Hong Kong SAR, China | 17.4% |
๐ณ๐ด Norway | 17.2% |
๐ง๐ฆ Bosnia and Herzegovina | 17.2% |
๐จ๐ผ Curaรงao | 17.1% |
๐บ๐ฆ Ukraine | 16.7% |
๐ง๐ง Barbados | 16.2% |
๐บ๐ธ United States | 16.2% |
๐ธ๐ฐ Slovakia | 16.1% |
๐ณ๐ฟ New Zealand | 15.9% |
๐ฆ๐บ Australia | 15.9% |
๐จ๐บ Cuba | 15.5% |
๐ฒ๐ช Montenegro | 15.3% |
๐ง๐พ Belarus | 15.2% |
๐ฎ๐ธ Iceland | 15.1% |
๐ท๐บ Russia | 15.0% |
๐ฌ๐ช Georgia | 15.0% |
๐ฐ๐ท South Korea | 15.0% |
๐บ๐พ Uruguay | 14.9% |
๐ฑ๐บ Luxembourg | 14.2% |
๐ฎ๐ช Ireland | 14.2% |
๐ฆ๐ฑ Albania | 14.2% |
๐ฒ๐ฐ North Macedonia | 14.0% |
๐ฆ๐ผ Aruba | 14.0% |
๐จ๐พ Cyprus | 14.0% |
๐น๐ญ Thailand | 12.4% |
๐ธ๐ฌ Singapore | 12.3% |
๐ฎ๐ฑ Israel | 12.2% |
๐ฒ๐ฉ Moldova | 12.0% |
๐ฒ๐บ Mauritius | 11.9% |
๐จ๐ฑ Chile | 11.8% |
๐ฆ๐ฒ Armenia | 11.4% |
๐จ๐ณ China | 11.4% |
๐ฆ๐ท Argentina | 11.2% |
๐ฒ๐ด Macao SAR, China | 11.2% |
๐น๐น Trinidad and Tobago | 11.1% |
๐ฑ๐ฐ Sri Lanka | 10.8% |
๐ฌ๐บ Guam | 10.1% |
๐ฑ๐จ St. Lucia | 10.0% |
๐จ๐ท Costa Rica | 9.8% |
๐ป๐จ St. Vincent and the Grenadines | 9.7% |
๐ฌ๐ฉ Grenada | 9.6% |
๐ณ๐จ New Caledonia | 9.4% |
๐ฐ๐ต North Korea | 9.2% |
๐ง๐ท Brazil | 9.2% |
๐ฆ๐ฌ Antigua and Barbuda | 9.0% |
๐ฏ๐ฒ Jamaica | 8.9% |
๐จ๐ด Colombia | 8.7% |
๐น๐ท Turkey | 8.7% |
๐ต๐ซ French Polynesia | 8.6% |
๐น๐ณ Tunisia | 8.5% |
๐ธ๐ป El Salvador | 8.4% |
๐ต๐ช Peru | 8.3% |
๐ต๐ฆ Panama | 8.3% |
๐ธ๐จ Seychelles | 7.8% |
๐ฐ๐ฟ Kazakhstan | 7.6% |
๐ป๐ช Venezuela | 7.6% |
๐ป๐ณ Vietnam | 7.5% |
๐ง๐ธ Bahamas | 7.4% |
๐ฒ๐ฝ Mexico | 7.4% |
๐ช๐จ Ecuador | 7.3% |
๐ง๐ด Bolivia | 7.3% |
๐ฒ๐ฆ Morocco | 7.3% |
๐ฉ๐ด Dominican Republic | 7.2% |
๐ฑ๐ง Lebanon | 7.2% |
๐ธ๐ท Suriname | 7.0% |
๐ฒ๐พ Malaysia | 6.9% |
๐ฌ๐พ Guyana | 6.7% |
๐ต๐พ Paraguay | 6.6% |
๐ฉ๐ฟ Algeria | 6.5% |
๐ฆ๐ฟ Azerbaijan | 6.4% |
๐ฎ๐ณ India | 6.3% |
๐ฎ๐ท Iran | 6.3% |
๐ง๐น Bhutan | 6.0% |
๐ฎ๐ฉ Indonesia | 6.0% |
๐ฒ๐ฒ Myanmar | 6.0% |
๐น๐ด Tonga | 5.9% |
๐ณ๐ต Nepal | 5.7% |
๐ซ๐ฏ Fiji | 5.6% |
๐ณ๐ฎ Nicaragua | 5.4% |
๐ฟ๐ฆ South Africa | 5.4% |
๐ต๐ญ Philippines | 5.3% |
๐ช๐ฌ Egypt | 5.2% |
๐ง๐ณ Brunei | 5.2% |
๐ง๐ฉ Bangladesh | 5.1% |
๐ญ๐น Haiti | 5.0% |
๐ผ๐ธ Samoa | 4.9% |
๐ฌ๐น Guatemala | 4.9% |
๐ฑ๐ธ Lesotho | 4.9% |
๐ง๐ฟ Belize | 4.8% |
๐ญ๐ณ Honduras | 4.8% |
๐ฐ๐ญ Cambodia | 4.7% |
๐จ๐ป Cape Verde | 4.6% |
๐ธ๐พ Syria | 4.6% |
๐ฉ๐ฏ Djibouti | 4.6% |
๐ฐ๐ฌ Kyrgyzstan | 4.6% |
๐บ๐ฟ Uzbekistan | 4.5% |
๐น๐ฒ Turkmenistan | 4.5% |
๐ฑ๐พ Libya | 4.4% |
๐ง๐ผ Botswana | 4.3% |
๐ต๐ฐ Pakistan | 4.3% |
๐น๐ฑ Timor-Leste | 4.2% |
๐ซ๐ฒ Micronesia | 4.1% |
๐ฒ๐ณ Mongolia | 4.1% |
๐ฑ๐ฆ Laos | 4.1% |
๐ฐ๐ฎ Kiribati | 4.0% |
๐ธ๐ฟ Eswatini | 4.0% |
๐ฏ๐ด Jordan | 3.8% |
๐ฒ๐ป Maldives | 3.6% |
๐ธ๐ง Solomon Islands | 3.6% |
๐ธ๐ฉ Sudan | 3.6% |
๐ป๐บ Vanuatu | 3.6% |
๐ณ๐ฆ Namibia | 3.6% |
๐ฌ๐ฆ Gabon | 3.5% |
๐ช๐น Ethiopia | 3.5% |
๐ต๐ฌ Papua New Guinea | 3.5% |
๐ธ๐ฆ Saudi Arabia | 3.4% |
๐ฎ๐ถ Iraq | 3.3% |
๐ธ๐ธ South Sudan | 3.3% |
๐ฑ๐ท Liberia | 3.2% |
๐ง๐ฏ Benin | 3.2% |
๐ฒ๐ท Mauritania | 3.1% |
๐ธ๐ณ Senegal | 3.0% |
๐ฌ๐ญ Ghana | 3.0% |
๐น๐ฏ Tajikistan | 3.0% |
๐ฐ๐ฒ Comoros | 3.0% |
๐ฒ๐ฌ Madagascar | 3.0% |
๐ท๐ผ Rwanda | 3.0% |
๐จ๐ฉ Democratic Republic of the Congo | 3.0% |
๐ฟ๐ผ Zimbabwe | 2.9% |
๐ธ๐น Sao Tome and Principe | 2.9% |
๐ธ๐ฑ Sierra Leone | 2.9% |
๐ฌ๐ณ Guinea | 2.9% |
๐พ๐ช Yemen | 2.9% |
๐ธ๐ด Somalia | 2.8% |
๐น๐ฌ Togo | 2.8% |
๐ฒ๐ฟ Mozambique | 2.8% |
๐จ๐ฎ Cote d'Ivoire | 2.8% |
๐ฌ๐ผ Guinea-Bissau | 2.8% |
๐จ๐ซ Central African Republic | 2.8% |
๐ฐ๐ผ Kuwait | 2.7% |
๐ณ๐ฌ Nigeria | 2.7% |
๐จ๐ฒ Cameroon | 2.7% |
๐จ๐ฌ Congo | 2.7% |
๐ฒ๐ผ Malawi | 2.6% |
๐น๐ฟ Tanzania | 2.6% |
๐ฆ๐ซ Afghanistan | 2.6% |
๐ณ๐ช Niger | 2.5% |
๐ฌ๐ฒ The Gambia | 2.5% |
๐ง๐ญ Bahrain | 2.5% |
๐ฒ๐ฑ Mali | 2.4% |
๐น๐ฉ Chad | 2.4% |
๐ด๐ฒ Oman | 2.4% |
๐ฌ๐ถ Equatorial Guinea | 2.4% |
๐ฐ๐ช Kenya | 2.4% |
๐ง๐ซ Burkina Faso | 2.4% |
๐ง๐ฎ Burundi | 2.3% |
๐ฆ๐ด Angola | 2.1% |
๐ฟ๐ฒ Zambia | 2.1% |
๐บ๐ฌ Uganda | 1.9% |
๐ถ๐ฆ Qatar | 1.5% |
๐ฆ๐ช United Arab Emirates | 1.1% |
Fewer births, and a resulting older population, is a trend attributed to the changing lifestyles of women. For example, Japanโs fertility rate has fallen to less than 1.5 children per woman due to modern access to contraceptives and the prioritization of work over marriage and family life.
However, fewer young people also means a smaller workforce on the horizon and a shrinking domestic market. There is also a rising social cost of caring for the elderly, as longer lifespans have resulted in a higher prevalence of chronic diseases and an increasing inability to care for oneself. This can result in an increased tax burden on the diminishing younger, working population.
Another Perspective on the Data
Looking at the data from the opposite angle also reveals information about our world. Here’s a look at the countries with the lowest proportions of younger or older people.
Hong Kong and Singapore have some of the lowest fertility rates in the world (1.1), so it’s no surprise to see low numbers of children in their demographic data.
In a country like the United Arab Emirates, the majority of the population is made up of foreign workers, so the number of people in the 65+ age group is extremely low. In the coming decades though, the situation is expected to shift dramatically with one in every five Emiratis residing that age group by 2050.
The Big Picture
While each country has its own unique demographic make up, one thing is clear. As education and wealth levels rise around the world, fertility rates are dropping almost everywhere.
The trend of long life expectancies and fewer births is likely to continue, but young outliers will remain and they present immense economic potential.
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