We seem to take it for granted.
Our population keeps growing as does the world population, but that is coming to an end.
One of the big lessons from the demographic history of countries is that population explosions are temporary.
For many countries the demographic transition has already ended, and as the global fertility rate has now halved we know that the world as a whole is approaching the end of rapid population growth.
The visualization below presents this big overview of the global demographic transition – using data from the UN Population Division.
As we explore at the beginning of the entry on population growth, the global population grew only very slowly up to 1700 – only 0.04% per year.
In the many millennia up to that point in history very high mortality of children counteracted high fertility.
The world was in the first stage of the demographic transition.
Once health improved and mortality declined things changed quickly.
Particularly over the course of the 20th century: Over the last 100 years global population more than quadrupled.
As we see in the chart, the rise of the global population got steeper and steeper and you have just lived through the steepest increase of that curve.
This also means that your existence is a tiny part of the reason why that curve is so steep.
The 7-fold increase of the world population over the course of two centuries amplified humanity’s impact on the natural environment.
To provide space, food, and resources for a large world population in a way that is sustainable into the distant future is without question one of the large, serious challenges for our generation.
We should not make the mistake of underestimating the task ahead of us.
Population growth is still fast: Every year 140 million are born and 58 million die – the difference is the number of people that we add to the world population in a year: 82 million.
Where do we go from here?
In red you see the annual population growth rate (that is, the percentage change in population per year) of the global population.
It peaked around half a century ago.
Peak population growth was reached in 1968 with an annual growth of 2.1%. Since then the increase of the world population has slowed and today grows by just over 1% per year.
This slowdown of population growth was not only predictable, but predicted.
Just as expected by demographers (here), the world as a whole is experiencing the closing of a massive demographic transition.
This chart also shows how the United Nations envision the slow ending of the global demographic transition.
As population growth continues to decline, the curve representing the world population is getting less and less steep.
By the end of the century – when global population growth will have fallen to 0.1% according to the UN’s projection – the world will be very close to the end of the demographic transition.
It is hard to know the population dynamics beyond 2100; it will depend upon the fertility rate and as we discuss in our entry on fertility rates here fertility is first falling with development – and then rising with development.
The question will be whether it will rise above an average 2 children per woman.
The world enters the last phase of the demographic transition and this means we will not repeat the past.
The global population has quadrupled over the course of the 20th century, but it will not double anymore over the course of this century.
The world population will reach a size, which compared to humanity’s history, will be extraordinary; if the UN projections are accurate (they have a good track record), the world population will have increased more than 10-fold over the span of 250 years.
We are on the way to a new balance.
The big global demographic transition that the world entered more than two centuries ago is then coming to an end:
This new equilibrium is different from the one in the past when it was the very high mortality that kept population growth in check.
In the new balance it will be low fertility keeps population changes small.
Guest Expert: Max Roser is an economist at the University of Oxford and the founder of Our World in Data
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.