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World demographics continue to shift

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World demographics continue to shift

  • Global population grows from 7.4 billion today to 9.2 billion people in 2040
  • Africa’s population increases at the fastest rate across major regions; it also has the largest working-age population across regions by 2040
  • India likely to replace China as the most populous nation by 2025, with a significant increase in working-age population
  • China’s population will gradually trend down post 2030; its working-age population has already peaked, and its share of population age 65+ increases rapidly
  • OECD working-age population flattens while the 65+ group continues to grow
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