World population grew by only 1% during 2023

On January 1, the world’s population will reach 8,019,876,189, according to Forbes, with an increase of 1%, equivalent to 75 million more people from early 2023. Although overall growth is steady, it remains at a slow pace.

Global growth in 2023 stood at 0.95%, according to the U.S. Census Bureau. Estimates for the beginning of 2024 predict 4.3 births and 2 deaths per second worldwide.

In November 2022, the UN estimated the world population at 8 billion, 11 years after reaching 7 billion. The discrepancy with U.S. Census Bureau figures is attributed to the lack of census counting and accurate registration systems in some countries.

With declining fertility rates and proportionally fewer young people, it is estimated that the world population will take more than 14 years to reach 9 billion and another 16.4 years to reach 10 billion.

In the last year, the growth rate of the United States was 0.53%, half the global rate. The population is projected to reach 335,893,238 on 1 January, an increase of 1,759,535 since early 2023 and 4,443,957 since the last census in April 2020.

If the current pace persists, the 2020s could be the slowest growth decade in U.S. history, with a rate of less than 4%, according to William Frey, a Brookings Institution demographer quoted by AP News. The slowest decade of growth followed the Great Depression of the 1930s, with a rate of 7.3%.

Although a slight rebound is expected after the pandemic, Frey notes that reaching 7.3% would be challenging.

In 2024, one birth every nine seconds and one death every 9.5 seconds in the U.S. However, immigration will prevent a population decline, adding one person every 28.3 seconds.

The combination of births, deaths, and net international migration will increase the U.S. population by one person every 24.2 seconds.

K. Tovar

Source: Bancaynegocios

(Reference image source: Joseph Chan, Unsplash)

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