Tuesday, May 26, 2009

Population growth rates per country

From the encyclopedia of earth figures on the latest population growth rates per country.

South Africa? 0.28%!

Fertility rate for South Africa is 2.43 births per women, just above the global replacement fertility rate of 2.33 children per women, and possibly well below the replacement fertility rate for a developing country such as South Africa burdened with high premature mortalities.

What are the implications? Medium to longer term population decline and serious questions whether a declining population can maintain the economic system. This is essence is not good news for South Africa's extensive social welfare system as well as the sustained flow of future pension payments.

Time for national policies to reverse declining populations? In the local context, that will be an interesting environment - social welfare debate.

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