Global Population Will Surpass 8 billion by January 1

By Consultants Review Team Friday, 29 December 2023

According to estimates issued by the US Census Bureau on Thursday, the world population increased by 75 million in the previous year and will stand at more than 8 billion on New Year's Day.

In the previous year, the global growth rate was just under 1%. According to Census Bureau data, 4.3 births and two deaths are predicted worldwide per second beginning in 2024.

In the previous year, the United States' growth rate was 0.53 percent, which was roughly half of the global total. The United States gained 1.7 million individuals and will have a population of 335.8 million on New Year's Day.

If present trends continue through the end of the decade, the 2020s might be the slowest-growing decade in US history, with a growth rate of less than 4% from 2020 to 2030, according to William Frey, a demographer at The Brookings Institution.

The slowest-growing decade currently was the 1930s, following the Great Depression, with a growth rate of 7.3%. Of course, growth may accelerate as we exit the pandemic years. However, Frey believes that reaching 7.3 percent will be challenging.

The United States is anticipated to have one birth every nine seconds and one death every 9.5 seconds by the year 2024. Immigration, on the other hand, will keep the population from declining. Net foreign migration is predicted to increase the US population by one person every 28.3 seconds. This combination of births, deaths, and net international migration will add one person to the US population every 24.2 seconds.


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