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Mapping the Global Migration of Millionaires

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millionaire migration map

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:

CountryNet Outflow of NHWIs (2018)% of HNWIs lost
๐Ÿ‡จ๐Ÿ‡ณ China15,0002%
๐Ÿ‡ท๐Ÿ‡บ Russia7,0006%
๐Ÿ‡ฎ๐Ÿ‡ณ India5,0002%
๐Ÿ‡น๐Ÿ‡ท Turkey4,00010%
๐Ÿ‡ซ๐Ÿ‡ท France3,0001%
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom3,0000%
๐Ÿ‡ง๐Ÿ‡ท Brazil2,0001%
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia1,0002%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia1,0002%

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:

CountryNet Inflow of HNWIs (2018)% of HNWI Gained
๐Ÿ‡ฆ๐Ÿ‡บ Australia12,0003%
๐Ÿ‡บ๐Ÿ‡ธ United States10,0000%
๐Ÿ‡จ๐Ÿ‡ฆ Canada4,0001%
๐Ÿ‡จ๐Ÿ‡ญ Switzerland3,0001%
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emerates2,0002%
๐Ÿ‡ง๐Ÿ‡ฒ Caribbean*2,0003%
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand1,0001%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore1,0000%
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel1,0001%
๐Ÿ‡ต๐Ÿ‡น Portugal1,0002%
๐Ÿ‡ฌ๐Ÿ‡ท Greece1,0002%
๐Ÿ‡ช๐Ÿ‡ธ Spain1,0001%

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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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?

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population of china

The Population of China in Perspective

China is the worldโ€™s 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.

YearChina's Population (Millions)Annual Rate of Growth (%)Median AgeFertility Rate
1955612.22.00%22.26.11
1960660.41.53%21.35.48
1965724.21.86%19.86.15
1970827.62.70%19.36.30
1975926.22.28%20.34.85
19801,000.11.55%21.93.01
19851,075.61.47%23.52.52
19901,176.91.82%24.92.73
19951,240.91.07%27.41.83
20001,290.60.79%30.01.62
20051,330.80.62%32.61.61
20101,368.80.57%35.01.62
20151,406.80.55%36.71.64
20161,414.00.51%37.01.65
20171,421.00.49%37.01.65
20181,427.60.47%37.01.65
20191,433.80.43%37.01.65
20201,439.30.39%38.41.69

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, Chinaโ€™s 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, Chinaโ€™s current population remains massive, constituting almost 20% of the worldโ€™s 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 worldโ€”and added together, you’ll see they still fall short of the population of China:

CountryPopulation Region
๐Ÿ‡บ๐Ÿ‡ธ U.S.331,002,651North America
๐Ÿ‡จ๐Ÿ‡ฆ Canada37,742,154North America
๐Ÿ‡ง๐Ÿ‡ท Brazil212,559,417South America
๐Ÿ‡จ๐Ÿ‡ด Colombia50,882,891South America
๐Ÿ‡ฆ๐Ÿ‡ท Argentina45,195,774South America
๐Ÿ‡ต๐Ÿ‡ช Peru32,971,854South America
๐Ÿ‡ป๐Ÿ‡ช Venezuela28,435,940South America
๐Ÿ‡จ๐Ÿ‡ฑ Chile19,116,201South America
๐Ÿ‡ช๐Ÿ‡จ Ecuador17,643,054South America
๐Ÿ‡ง๐Ÿ‡ด Bolivia11,673,021South America
๐Ÿ‡ต๐Ÿ‡พ Paraguay7,132,538South America
๐Ÿ‡บ๐Ÿ‡พ Uruguay3,473,730South America
๐Ÿ‡ฌ๐Ÿ‡พ Guyana786,552South America
๐Ÿ‡ธ๐Ÿ‡ท Suriname586,632South America
๐Ÿ‡ฌ๐Ÿ‡ซ French Guyana298,682South America
๐Ÿ‡ซ๐Ÿ‡ฐ Falkland Islands3,480South America
๐Ÿ‡ฆ๐Ÿ‡บ Australia25,499,884Oceania
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand4,822,233Oceania
๐Ÿ‡ฉ๐Ÿ‡ช Germany83,783,942Europe
๐Ÿ‡ซ๐Ÿ‡ท France65,273,511Europe
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands17,134,872Europe
๐Ÿ‡ง๐Ÿ‡ช Belgium11,589,623Europe
๐Ÿ‡ฆ๐Ÿ‡น Austria9,006,398Europe
๐Ÿ‡จ๐Ÿ‡ญ Switzerland8,654,622Europe
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg625,978Europe
๐Ÿ‡ฒ๐Ÿ‡จ Monaco39,242Europe
๐Ÿ‡ฑ๐Ÿ‡ฎ Liechtenstein38,128Europe
๐Ÿ‡ฎ๐Ÿ‡น Italy60,461,826Europe
๐Ÿ‡ช๐Ÿ‡ธ Spain46,754,778Europe
๐Ÿ‡ฌ๐Ÿ‡ท Greece10,423,054Europe
๐Ÿ‡ต๐Ÿ‡น Portugal10,196,709Europe
๐Ÿ‡ท๐Ÿ‡ธ Serbia8,737,371Europe
๐Ÿ‡ญ๐Ÿ‡ท Croatia4,105,267Europe
๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and Herzegovina3,280,819Europe
๐Ÿ‡ฆ๐Ÿ‡ฑ Albania2,877,797Europe
๐Ÿ‡ฒ๐Ÿ‡ฐ North Macedonia2,083,374Europe
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia2,078,938Europe
๐Ÿ‡ฒ๐Ÿ‡ช Montenegro628,066Europe
๐Ÿ‡ฒ๐Ÿ‡น Malta441,543Europe
๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra77,265Europe
๐Ÿ‡ธ๐Ÿ‡ฒ San Marino33,931Europe
๐Ÿ‡ฌ๐Ÿ‡ฎ Gibraltar33,691Europe
๐Ÿ‡ป๐Ÿ‡ฆ Vatican City801Europe
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom67,886,011Europe
๐Ÿ‡ธ๐Ÿ‡ช Sweden10,099,265Europe
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark5,792,202Europe
๐Ÿ‡ซ๐Ÿ‡ฎ Finland5,540,720Europe
๐Ÿ‡ณ๐Ÿ‡ด Norway5,421,241Europe
๐Ÿ‡ฎ๐Ÿ‡ช Ireland4,937,786Europe
๐Ÿ‡ฑ๐Ÿ‡น Lithuania2,722,289Europe
๐Ÿ‡ฑ๐Ÿ‡ป Latvia1,886,198Europe
๐Ÿ‡ช๐Ÿ‡ช Estonia1,326,535Europe
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland341,243Europe
Channel Islands173,863Europe
๐Ÿ‡ฎ๐Ÿ‡ฒ Isle of Man85,033Europe
๐Ÿ‡ซ๐Ÿ‡ด Faroe Islands48,863Europe
๐Ÿ‡บ๐Ÿ‡ฆ Ukraine43,733,762Europe
๐Ÿ‡ต๐Ÿ‡ฑ Poland37,846,611Europe
๐Ÿ‡ท๐Ÿ‡ด Romania19,237,691Europe
๐Ÿ‡จ๐Ÿ‡ฟ Czechia10,708,981Europe
๐Ÿ‡ญ๐Ÿ‡บ Hungary9,660,351Europe
๐Ÿ‡ง๐Ÿ‡พ Belarus9,449,323Europe
๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria6,948,445Europe
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia5,459,642Europe
๐Ÿ‡ฒ๐Ÿ‡ฉ Moldova4,033,963Europe
Total1,431,528,252

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.

CountryPopulation Region
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria206,139,589Africa
๐Ÿ‡ฌ๐Ÿ‡ญ Ghana31,072,940Africa
๐Ÿ‡จ๐Ÿ‡ฎ Cรดte d'Ivoire26,378,274Africa
๐Ÿ‡ณ๐Ÿ‡ช Niger24,206,644Africa
๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso20,903,273Africa
๐Ÿ‡ฒ๐Ÿ‡ฑ Mali20,250,833Africa
๐Ÿ‡ธ๐Ÿ‡ณ Senegal16,743,927Africa
๐Ÿ‡ฌ๐Ÿ‡ณ Guinea13,132,795Africa
๐Ÿ‡ง๐Ÿ‡ฏ Benin12,123,200Africa
๐Ÿ‡น๐Ÿ‡ฌ Togo8,278,724Africa
๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone7,976,983Africa
๐Ÿ‡ฑ๐Ÿ‡ท Liberia5,057,681Africa
๐Ÿ‡ฒ๐Ÿ‡ท Mauritania4,649,658Africa
๐Ÿ‡ฌ๐Ÿ‡ฒ Gambia2,416,668Africa
๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-Bissau1,968,001Africa
๐Ÿ‡จ๐Ÿ‡ป Cabo Verde555,987Africa
๐Ÿ‡ธ๐Ÿ‡ญ Saint Helena6,077Africa
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa59,308,690Africa
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia2,540,905Africa
๐Ÿ‡ง๐Ÿ‡ผ Botswana2,351,627Africa
๐Ÿ‡ฑ๐Ÿ‡ธ Lesotho2,142,249Africa
๐Ÿ‡ธ๐Ÿ‡ฟ Eswatini1,160,164Africa
๐Ÿ‡ช๐Ÿ‡ฌ Egypt102,334,404Africa
๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria43,851,044Africa
๐Ÿ‡ธ๐Ÿ‡ฉ Sudan43,849,260Africa
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco36,910,560Africa
๐Ÿ‡น๐Ÿ‡ณ Tunisia11,818,619Africa
๐Ÿ‡ฑ๐Ÿ‡พ Libya6,871,292Africa
๐Ÿ‡ช๐Ÿ‡ญ Western Sahara597,339Africa
๐Ÿ‡จ๐Ÿ‡ฉ Democratic Republic of the Congo89,561,403Africa
๐Ÿ‡ฆ๐Ÿ‡ด Angola32,866,272Africa
๐Ÿ‡จ๐Ÿ‡ฒ Cameroon26,545,863Africa
๐Ÿ‡น๐Ÿ‡ฉ Chad16,425,864Africa
๐Ÿ‡จ๐Ÿ‡ฌ Congo5,518,087Africa
๐Ÿ‡จ๐Ÿ‡ซ Central African Republic4,829,767Africa
๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon2,225,734Africa
๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea1,402,985Africa
๐Ÿ‡ธ๐Ÿ‡น Sao Tome and Principe219,159Africa
๐Ÿ‡ช๐Ÿ‡น Ethiopia114,963,588Africa
๐Ÿ‡น๐Ÿ‡ฟ Tanzania59,734,218Africa
๐Ÿ‡ฐ๐Ÿ‡ช Kenya53,771,296Africa
๐Ÿ‡บ๐Ÿ‡ฌ Uganda45,741,007Africa
๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique31,255,435Africa
๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar27,691,018Africa
๐Ÿ‡ฒ๐Ÿ‡ผ Malawi19,129,952Africa
๐Ÿ‡ฟ๐Ÿ‡ฒ Zambia18,383,955Africa
๐Ÿ‡ธ๐Ÿ‡ด Somalia15,893,222Africa
๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe14,862,924Africa
๐Ÿ‡ท๐Ÿ‡ผ Rwanda12,952,218Africa
๐Ÿ‡ง๐Ÿ‡ฎ Burundi11,890,784Africa
๐Ÿ‡ธ๐Ÿ‡ธ South Sudan11,193,725Africa
๐Ÿ‡ช๐Ÿ‡ท Eritrea3,546,421Africa
๐Ÿ‡ฒ๐Ÿ‡บ Mauritius1,271,768Africa
๐Ÿ‡ฉ๐Ÿ‡ฏ Djibouti988,000Africa
๐Ÿ‡ท๐Ÿ‡ช Rรฉunion895,312Africa
๐Ÿ‡ฐ๐Ÿ‡ฒ Comoros869,601Africa
๐Ÿ‡พ๐Ÿ‡น Mayotte272,815Africa
๐Ÿ‡ธ๐Ÿ‡จ Seychelles98,347Africa
Total1,340,598,147

Future Outlook on the Population of China

Whether or not Chinaโ€™s 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 worldโ€™s largest economic powerhouses regardless.

It is estimated, however, that the population of China will drop below one billion people by the year 2100โ€”bumping the nation to third place in the ranking of the worldโ€™s 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.

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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?

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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.

Hereโ€™s a full list of global countries, sorted by percentage of population under 15 years old:

CountryShare of Population Younger Than 15 (% of total, 2019)
๐Ÿ‡ณ๐Ÿ‡ช Niger49.8%
๐Ÿ‡ฒ๐Ÿ‡ฑ Mali47.3%
๐Ÿ‡น๐Ÿ‡ฉ Chad46.8%
๐Ÿ‡ฆ๐Ÿ‡ด Angola46.6%
๐Ÿ‡บ๐Ÿ‡ฌ Uganda46.5%
๐Ÿ‡ธ๐Ÿ‡ด Somalia46.4%
๐Ÿ‡จ๐Ÿ‡ฉ Congo, Dem. Rep.46.0%
๐Ÿ‡ง๐Ÿ‡ฎ Burundi45.4%
๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso44.7%
๐Ÿ‡ฟ๐Ÿ‡ฒ Zambia44.5%
๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique44.4%
๐Ÿ‡ฌ๐Ÿ‡ฒ The Gambia44.1%
๐Ÿ‡น๐Ÿ‡ฟ Tanzania43.8%
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria43.7%
๐Ÿ‡ฒ๐Ÿ‡ผ Malawi43.5%
๐Ÿ‡ฌ๐Ÿ‡ณ Guinea43.4%
๐Ÿ‡ธ๐Ÿ‡ณ Senegal42.8%
๐Ÿ‡ฆ๐Ÿ‡ซ Afghanistan42.5%
๐Ÿ‡จ๐Ÿ‡ฒ Cameroon42.4%
๐Ÿ‡ง๐Ÿ‡ฏ Benin42.2%
๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-Bissau42.2%
๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe42.2%
๐Ÿ‡ธ๐Ÿ‡น Sao Tome and Principe42.1%
๐Ÿ‡จ๐Ÿ‡ฎ Cote d'Ivoire41.7%
๐Ÿ‡ธ๐Ÿ‡ธ South Sudan41.6%
๐Ÿ‡จ๐Ÿ‡ฌ Congo41.5%
๐Ÿ‡น๐Ÿ‡ฌ Togo41.0%
๐Ÿ‡ฑ๐Ÿ‡ท Liberia40.8%
๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone40.7%
๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar40.4%
๐Ÿ‡ช๐Ÿ‡น Ethiopia40.3%
๐Ÿ‡ธ๐Ÿ‡ฉ Sudan40.2%
๐Ÿ‡ธ๐Ÿ‡ง Solomon Islands40.1%
๐Ÿ‡ฒ๐Ÿ‡ท Mauritania39.9%
๐Ÿ‡ท๐Ÿ‡ผ Rwanda39.8%
๐Ÿ‡ฐ๐Ÿ‡ฒ Comoros39.3%
๐Ÿ‡ฐ๐Ÿ‡ช Kenya39.2%
๐Ÿ‡พ๐Ÿ‡ช Yemen39.2%
๐Ÿ‡ป๐Ÿ‡บ Vanuatu38.7%
๐Ÿ‡ฎ๐Ÿ‡ถ Iraq38.0%
๐Ÿ‡ผ๐Ÿ‡ธ Samoa37.9%
๐Ÿ‡ธ๐Ÿ‡ฟ Eswatini37.8%
๐Ÿ‡ฌ๐Ÿ‡ญ Ghana37.4%
๐Ÿ‡น๐Ÿ‡ฑ Timor-Leste37.3%
๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon37.2%
๐Ÿ‡น๐Ÿ‡ฏ Tajikistan37.1%
๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea37.0%
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia36.9%
๐Ÿ‡ฐ๐Ÿ‡ฎ Kiribati35.8%
๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea35.5%
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan35.1%
๐Ÿ‡น๐Ÿ‡ดTonga35.1%
๐Ÿ‡ฌ๐Ÿ‡น Guatemala33.9%
๐Ÿ‡ง๐Ÿ‡ผ Botswana33.8%
๐Ÿ‡ช๐Ÿ‡ฌ Egypt33.8%
๐Ÿ‡ฏ๐Ÿ‡ด Jordan33.6%
๐Ÿ‡ญ๐Ÿ‡น Haiti32.9%
๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan32.5%
๐Ÿ‡ฑ๐Ÿ‡ธ Lesotho32.5%
๐Ÿ‡ฑ๐Ÿ‡ฆ Laos32.3%
๐Ÿ‡ซ๐Ÿ‡ฒ Micronesia31.5%
๐Ÿ‡ญ๐Ÿ‡ณ Honduras31.2%
๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia31.1%
๐Ÿ‡ธ๐Ÿ‡พ Syria31.1%
๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia30.8%
๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan30.8%
๐Ÿ‡ง๐Ÿ‡ด Bolivia30.6%
๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria30.6%
๐Ÿ‡ต๐Ÿ‡ญ Philippines30.5%
๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua29.9%
๐Ÿ‡ง๐Ÿ‡ฟ Belize29.7%
๐Ÿ‡ณ๐Ÿ‡ต Nepal29.6%
๐Ÿ‡ซ๐Ÿ‡ฏ Fiji29.3%
๐Ÿ‡ฉ๐Ÿ‡ฏ Djibouti29.2%
๐Ÿ‡ต๐Ÿ‡พ Paraguay29.2%
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa29.0%
๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan28.9%
๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan28.8%
๐Ÿ‡จ๐Ÿ‡ป Cape Verde28.4%
๐Ÿ‡ฑ๐Ÿ‡พ Libya28.1%
๐Ÿ‡ฌ๐Ÿ‡พ Guyana27.9%
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel27.9%
๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic27.7%
๐Ÿ‡ช๐Ÿ‡จ Ecuador27.7%
๐Ÿ‡ป๐Ÿ‡ช Venezuela27.4%
๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh27.2%
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco27.0%
๐Ÿ‡ธ๐Ÿ‡ป El Salvador26.9%
๐Ÿ‡ธ๐Ÿ‡ท Suriname26.9%
๐Ÿ‡ต๐Ÿ‡ฆ Panama26.8%
๐Ÿ‡ฎ๐Ÿ‡ณ India26.6%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia26.2%
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico26.2%
๐Ÿ‡ฒ๐Ÿ‡ฒ Myanmar25.9%
๐Ÿ‡ฑ๐Ÿ‡ง Lebanon25.6%
๐Ÿ‡ง๐Ÿ‡น Bhutan25.3%
๐Ÿ‡ต๐Ÿ‡ช Peru25.3%
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia24.9%
๐Ÿ‡ฎ๐Ÿ‡ท Iran24.7%
๐Ÿ‡ฆ๐Ÿ‡ท Argentina24.6%
๐Ÿ‡น๐Ÿ‡ท Turkey24.3%
๐Ÿ‡น๐Ÿ‡ณ Tunisia24.2%
๐Ÿ‡ฌ๐Ÿ‡บ Guam24.1%
๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka24.0%
๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada23.7%
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia23.7%
๐Ÿ‡ธ๐Ÿ‡จ Seychelles23.7%
๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica23.5%
๐Ÿ‡ฆ๐Ÿ‡ฟAzerbaijan23.4%
๐Ÿ‡ป๐Ÿ‡ณ Vietnam23.2%
๐Ÿ‡ง๐Ÿ‡ณ Brunei 22.6%
๐Ÿ‡จ๐Ÿ‡ด Colombia22.6%
๐Ÿ‡ต๐Ÿ‡ซ French Polynesia22.6%
๐Ÿ‡ณ๐Ÿ‡จ New Caledonia22.4%
๐Ÿ‡ด๐Ÿ‡ฒ Oman22.4%
๐Ÿ‡ป๐Ÿ‡จ St. Vincent and the Grenadines22.2%
๐Ÿ‡ง๐Ÿ‡ธ Bahamas22.1%
๐Ÿ‡ฆ๐Ÿ‡ฌ Antigua and Barbuda22.0%
๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait21.6%
๐Ÿ‡ฎ๐Ÿ‡ช Ireland21.2%
๐Ÿ‡จ๐Ÿ‡ท Costa Rica21.1%
๐Ÿ‡ง๐Ÿ‡ท Brazil21.0%
๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia20.8%
๐Ÿ‡บ๐Ÿ‡พ Uruguay20.5%
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago20.3%
๐Ÿ‡ฌ๐Ÿ‡ช Georgia20.0%
๐Ÿ‡ฐ๐Ÿ‡ต North Korea20.0%
๐Ÿ‡ฒ๐Ÿ‡ป Maldives19.9%
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland19.6%
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand19.6%
๐Ÿ‡จ๐Ÿ‡ฑ Chile19.5%
๐Ÿ‡ป๐Ÿ‡ฎ U.S. Virgin Islands19.5%
๐Ÿ‡ฆ๐Ÿ‡บ Australia19.3%
๐Ÿ‡ง๐Ÿ‡ญ Bahrain18.7%
๐Ÿ‡จ๐Ÿ‡ผ Curacao18.5%
๐Ÿ‡บ๐Ÿ‡ธ United States18.5%
๐Ÿ‡ฑ๐Ÿ‡จ St. Lucia18.2%
๐Ÿ‡ฒ๐Ÿ‡ช Montenegro18.2%
๐Ÿ‡ท๐Ÿ‡บ Russia18.2%
๐Ÿ‡จ๐Ÿ‡ณ China17.8%
๐Ÿ‡ซ๐Ÿ‡ท France17.8%
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom17.7%
๐Ÿ‡ฆ๐Ÿ‡ผ Aruba17.6%
๐Ÿ‡ธ๐Ÿ‡ช Sweden17.6%
๐Ÿ‡ฆ๐Ÿ‡ฑ Albania17.4%
๐Ÿ‡ณ๐Ÿ‡ด Norway17.4%
๐Ÿ‡ฒ๐Ÿ‡บ Mauritius17.3%
๐Ÿ‡ง๐Ÿ‡ช Belgium17.1%
๐Ÿ‡ง๐Ÿ‡ง Barbados17.1%
๐Ÿ‡ง๐Ÿ‡พ Belarus17.0%
๐Ÿ‡น๐Ÿ‡ญ Thailand16.8%
๐Ÿ‡จ๐Ÿ‡พ Cyprus16.7%
๐Ÿ‡ช๐Ÿ‡ช Estonia16.5%
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark16.4%
๐Ÿ‡ฒ๐Ÿ‡ฐ North Macedonia16.4%
๐Ÿ‡ฑ๐Ÿ‡ป Latvia16.3%
๐Ÿ‡ต๐Ÿ‡ท Puerto Rico16.3%
๐Ÿ‡จ๐Ÿ‡บ Cuba16.0%
๐Ÿ‡ซ๐Ÿ‡ฎ Finland16.0%
๐Ÿ‡ฒ๐Ÿ‡ฉ Moldova15.9%
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands15.9%
๐Ÿ‡บ๐Ÿ‡ฆ Ukraine15.9%
๐Ÿ‡จ๐Ÿ‡ฆ Canada15.8%
๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic15.7%
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg15.7%
๐Ÿ‡ท๐Ÿ‡ด Romania15.6%
๐Ÿ‡ท๐Ÿ‡ธ Serbia15.5%
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia15.5%
๐Ÿ‡ต๐Ÿ‡ฑ Poland15.2%
Channel Islands15.1%
๐Ÿ‡ฑ๐Ÿ‡น Lithuania15.1%
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia15.1%
๐Ÿ‡จ๐Ÿ‡ญ Switzerland14.9%
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates14.7%
๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria14.7%
๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and Herzegovina14.7%
๐Ÿ‡ช๐Ÿ‡ธ Spain14.6%
๐Ÿ‡ญ๐Ÿ‡ท Croatia14.6%
๐Ÿ‡ฆ๐Ÿ‡น Austria14.4%
๐Ÿ‡ญ๐Ÿ‡บ Hungary14.4%
๐Ÿ‡ฒ๐Ÿ‡น Malta14.3%
๐Ÿ‡ฒ๐Ÿ‡ด Macao SAR, China14.0%
๐Ÿ‡ฌ๐Ÿ‡ท Greece13.9%
๐Ÿ‡ฉ๐Ÿ‡ช Germany13.8%
๐Ÿ‡ถ๐Ÿ‡ฆ Qatar13.6%
๐Ÿ‡ต๐Ÿ‡น Portugal13.3%
๐Ÿ‡ฎ๐Ÿ‡น Italy13.2%
๐Ÿ‡ฐ๐Ÿ‡ท South Korea12.7%
๐Ÿ‡ฏ๐Ÿ‡ต Japan12.6%
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong SAR, China12.3%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore12.3%

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 worldโ€™s oldest country is Japan, where 28% of the population is older than 65. However, itโ€™s an anomalyโ€”the rest of the oldest countries in the top 10 are all in Europe.

Globally, itโ€™s 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.

Hereโ€™s a full list of global countries, sorted by percentage of population over 65 years old:

CountryShare of Population Older Than 65 (% of total, 2019)
๐Ÿ‡ฏ๐Ÿ‡ต Japan28.0%
๐Ÿ‡ฎ๐Ÿ‡น Italy23.0%
๐Ÿ‡ต๐Ÿ‡น Portugal22.4%
๐Ÿ‡ซ๐Ÿ‡ฎ Finland22.1%
๐Ÿ‡ฌ๐Ÿ‡ท Greece21.9%
๐Ÿ‡ฉ๐Ÿ‡ช Germany21.5%
๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria21.2%
๐Ÿ‡ญ๐Ÿ‡ท Croatia20.8%
๐Ÿ‡ฒ๐Ÿ‡น Malta20.8%
๐Ÿ‡ซ๐Ÿ‡ท France20.3%
๐Ÿ‡ฑ๐Ÿ‡ป Latvia20.3%
๐Ÿ‡ธ๐Ÿ‡ช Sweden20.1%
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia20.1%
๐Ÿ‡ฑ๐Ÿ‡น Lithuania20.1%
๐Ÿ‡ช๐Ÿ‡ช Estonia19.9%
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark19.9%
๐Ÿ‡ป๐Ÿ‡ฎ U.S. Virgin Islands 19.8%
๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic19.8%
๐Ÿ‡ต๐Ÿ‡ท Puerto Rico19.6%
๐Ÿ‡ญ๐Ÿ‡บ Hungary19.6%
๐Ÿ‡ช๐Ÿ‡ธ Spain19.6%
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands19.6%
๐Ÿ‡ฆ๐Ÿ‡น Austria19.0%
๐Ÿ‡ง๐Ÿ‡ช Belgium19.0%
๐Ÿ‡จ๐Ÿ‡ญ Switzerland18.8%
๐Ÿ‡ท๐Ÿ‡ด Romania18.7%
๐Ÿ‡ท๐Ÿ‡ธ Serbia18.7%
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom18.5%
๐Ÿ‡ต๐Ÿ‡ฑ Poland18.1%
๐Ÿ‡จ๐Ÿ‡ฆ Canada17.6%
Channel Islands17.6%
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong SAR, China17.4%
๐Ÿ‡ณ๐Ÿ‡ด Norway17.2%
๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and Herzegovina17.2%
๐Ÿ‡จ๐Ÿ‡ผ Curaรงao17.1%
๐Ÿ‡บ๐Ÿ‡ฆ Ukraine16.7%
๐Ÿ‡ง๐Ÿ‡ง Barbados16.2%
๐Ÿ‡บ๐Ÿ‡ธ United States16.2%
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia16.1%
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand15.9%
๐Ÿ‡ฆ๐Ÿ‡บ Australia15.9%
๐Ÿ‡จ๐Ÿ‡บ Cuba15.5%
๐Ÿ‡ฒ๐Ÿ‡ช Montenegro15.3%
๐Ÿ‡ง๐Ÿ‡พ Belarus15.2%
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland15.1%
๐Ÿ‡ท๐Ÿ‡บ Russia15.0%
๐Ÿ‡ฌ๐Ÿ‡ช Georgia15.0%
๐Ÿ‡ฐ๐Ÿ‡ท South Korea15.0%
๐Ÿ‡บ๐Ÿ‡พ Uruguay14.9%
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg14.2%
๐Ÿ‡ฎ๐Ÿ‡ช Ireland14.2%
๐Ÿ‡ฆ๐Ÿ‡ฑ Albania14.2%
๐Ÿ‡ฒ๐Ÿ‡ฐ North Macedonia14.0%
๐Ÿ‡ฆ๐Ÿ‡ผ Aruba14.0%
๐Ÿ‡จ๐Ÿ‡พ Cyprus14.0%
๐Ÿ‡น๐Ÿ‡ญ Thailand12.4%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore12.3%
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel12.2%
๐Ÿ‡ฒ๐Ÿ‡ฉ Moldova12.0%
๐Ÿ‡ฒ๐Ÿ‡บ Mauritius11.9%
๐Ÿ‡จ๐Ÿ‡ฑ Chile11.8%
๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia11.4%
๐Ÿ‡จ๐Ÿ‡ณ China11.4%
๐Ÿ‡ฆ๐Ÿ‡ท Argentina11.2%
๐Ÿ‡ฒ๐Ÿ‡ด Macao SAR, China11.2%
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago11.1%
๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka10.8%
๐Ÿ‡ฌ๐Ÿ‡บ Guam10.1%
๐Ÿ‡ฑ๐Ÿ‡จ St. Lucia10.0%
๐Ÿ‡จ๐Ÿ‡ท Costa Rica9.8%
๐Ÿ‡ป๐Ÿ‡จ St. Vincent and the Grenadines9.7%
๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada9.6%
๐Ÿ‡ณ๐Ÿ‡จ New Caledonia9.4%
๐Ÿ‡ฐ๐Ÿ‡ต North Korea9.2%
๐Ÿ‡ง๐Ÿ‡ท Brazil9.2%
๐Ÿ‡ฆ๐Ÿ‡ฌ Antigua and Barbuda9.0%
๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica8.9%
๐Ÿ‡จ๐Ÿ‡ด Colombia8.7%
๐Ÿ‡น๐Ÿ‡ท Turkey8.7%
๐Ÿ‡ต๐Ÿ‡ซ French Polynesia8.6%
๐Ÿ‡น๐Ÿ‡ณ Tunisia8.5%
๐Ÿ‡ธ๐Ÿ‡ป El Salvador8.4%
๐Ÿ‡ต๐Ÿ‡ช Peru8.3%
๐Ÿ‡ต๐Ÿ‡ฆ Panama8.3%
๐Ÿ‡ธ๐Ÿ‡จ Seychelles7.8%
๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan7.6%
๐Ÿ‡ป๐Ÿ‡ช Venezuela7.6%
๐Ÿ‡ป๐Ÿ‡ณ Vietnam7.5%
๐Ÿ‡ง๐Ÿ‡ธ Bahamas7.4%
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico7.4%
๐Ÿ‡ช๐Ÿ‡จ Ecuador7.3%
๐Ÿ‡ง๐Ÿ‡ด Bolivia7.3%
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco7.3%
๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic7.2%
๐Ÿ‡ฑ๐Ÿ‡ง Lebanon7.2%
๐Ÿ‡ธ๐Ÿ‡ท Suriname7.0%
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia6.9%
๐Ÿ‡ฌ๐Ÿ‡พ Guyana6.7%
๐Ÿ‡ต๐Ÿ‡พ Paraguay6.6%
๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria6.5%
๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan6.4%
๐Ÿ‡ฎ๐Ÿ‡ณ India6.3%
๐Ÿ‡ฎ๐Ÿ‡ท Iran6.3%
๐Ÿ‡ง๐Ÿ‡น Bhutan6.0%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia6.0%
๐Ÿ‡ฒ๐Ÿ‡ฒ Myanmar6.0%
๐Ÿ‡น๐Ÿ‡ด Tonga5.9%
๐Ÿ‡ณ๐Ÿ‡ต Nepal5.7%
๐Ÿ‡ซ๐Ÿ‡ฏ Fiji5.6%
๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua5.4%
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa5.4%
๐Ÿ‡ต๐Ÿ‡ญ Philippines5.3%
๐Ÿ‡ช๐Ÿ‡ฌ Egypt5.2%
๐Ÿ‡ง๐Ÿ‡ณ Brunei 5.2%
๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh5.1%
๐Ÿ‡ญ๐Ÿ‡น Haiti5.0%
๐Ÿ‡ผ๐Ÿ‡ธ Samoa4.9%
๐Ÿ‡ฌ๐Ÿ‡น Guatemala4.9%
๐Ÿ‡ฑ๐Ÿ‡ธ Lesotho4.9%
๐Ÿ‡ง๐Ÿ‡ฟ Belize4.8%
๐Ÿ‡ญ๐Ÿ‡ณ Honduras4.8%
๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia4.7%
๐Ÿ‡จ๐Ÿ‡ป Cape Verde4.6%
๐Ÿ‡ธ๐Ÿ‡พ Syria4.6%
๐Ÿ‡ฉ๐Ÿ‡ฏ Djibouti4.6%
๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan4.6%
๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan4.5%
๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan4.5%
๐Ÿ‡ฑ๐Ÿ‡พ Libya4.4%
๐Ÿ‡ง๐Ÿ‡ผ Botswana4.3%
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan4.3%
๐Ÿ‡น๐Ÿ‡ฑ Timor-Leste4.2%
๐Ÿ‡ซ๐Ÿ‡ฒ Micronesia4.1%
๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia4.1%
๐Ÿ‡ฑ๐Ÿ‡ฆ Laos4.1%
๐Ÿ‡ฐ๐Ÿ‡ฎ Kiribati4.0%
๐Ÿ‡ธ๐Ÿ‡ฟ Eswatini4.0%
๐Ÿ‡ฏ๐Ÿ‡ด Jordan3.8%
๐Ÿ‡ฒ๐Ÿ‡ป Maldives3.6%
๐Ÿ‡ธ๐Ÿ‡ง Solomon Islands3.6%
๐Ÿ‡ธ๐Ÿ‡ฉ Sudan3.6%
๐Ÿ‡ป๐Ÿ‡บ Vanuatu3.6%
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia3.6%
๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon3.5%
๐Ÿ‡ช๐Ÿ‡น Ethiopia3.5%
๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea3.5%
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia3.4%
๐Ÿ‡ฎ๐Ÿ‡ถ Iraq3.3%
๐Ÿ‡ธ๐Ÿ‡ธ South Sudan3.3%
๐Ÿ‡ฑ๐Ÿ‡ท Liberia3.2%
๐Ÿ‡ง๐Ÿ‡ฏ Benin3.2%
๐Ÿ‡ฒ๐Ÿ‡ท Mauritania3.1%
๐Ÿ‡ธ๐Ÿ‡ณ Senegal3.0%
๐Ÿ‡ฌ๐Ÿ‡ญ Ghana3.0%
๐Ÿ‡น๐Ÿ‡ฏ Tajikistan3.0%
๐Ÿ‡ฐ๐Ÿ‡ฒ Comoros3.0%
๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar3.0%
๐Ÿ‡ท๐Ÿ‡ผ Rwanda3.0%
๐Ÿ‡จ๐Ÿ‡ฉ Democratic Republic of the Congo3.0%
๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe2.9%
๐Ÿ‡ธ๐Ÿ‡น Sao Tome and Principe2.9%
๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone2.9%
๐Ÿ‡ฌ๐Ÿ‡ณ Guinea2.9%
๐Ÿ‡พ๐Ÿ‡ช Yemen2.9%
๐Ÿ‡ธ๐Ÿ‡ด Somalia2.8%
๐Ÿ‡น๐Ÿ‡ฌ Togo2.8%
๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique2.8%
๐Ÿ‡จ๐Ÿ‡ฎ Cote d'Ivoire2.8%
๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-Bissau2.8%
๐Ÿ‡จ๐Ÿ‡ซ Central African Republic2.8%
๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait2.7%
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria2.7%
๐Ÿ‡จ๐Ÿ‡ฒ Cameroon2.7%
๐Ÿ‡จ๐Ÿ‡ฌ Congo2.7%
๐Ÿ‡ฒ๐Ÿ‡ผ Malawi2.6%
๐Ÿ‡น๐Ÿ‡ฟ Tanzania2.6%
๐Ÿ‡ฆ๐Ÿ‡ซ Afghanistan2.6%
๐Ÿ‡ณ๐Ÿ‡ช Niger2.5%
๐Ÿ‡ฌ๐Ÿ‡ฒ The Gambia2.5%
๐Ÿ‡ง๐Ÿ‡ญ Bahrain2.5%
๐Ÿ‡ฒ๐Ÿ‡ฑ Mali2.4%
๐Ÿ‡น๐Ÿ‡ฉ Chad2.4%
๐Ÿ‡ด๐Ÿ‡ฒ Oman2.4%
๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea2.4%
๐Ÿ‡ฐ๐Ÿ‡ช Kenya2.4%
๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso2.4%
๐Ÿ‡ง๐Ÿ‡ฎ Burundi2.3%
๐Ÿ‡ฆ๐Ÿ‡ด Angola2.1%
๐Ÿ‡ฟ๐Ÿ‡ฒ Zambia2.1%
๐Ÿ‡บ๐Ÿ‡ฌ Uganda1.9%
๐Ÿ‡ถ๐Ÿ‡ฆ Qatar1.5%
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates1.1%

Fewer births, and a resulting older population, is a trend attributed to the changing lifestyles of women. For example, Japanโ€™s 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.

youngest and oldest countries

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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