Published on 29 Nov 2023 on Insider Monkey via Yahoo Finance
In this article, we will be analyzing the age structures globally while covering the 30 countries with the lowest median age in the world. If you wish to skip our detailed analysis, you can move directly to the 5 Countries with the Lowest Median Age in the World.
Age Dynamics Around the World
While the population is aging rapidly in many of the regions globally, Africa depicts a different picture. As compared to the rest of the world, Africa’s population is relatively younger. As reported by the US Census Bureau, only 5.6% of Africa’s population was above 60 years of age in 2020 as compared to 23.4% in North America. All other regions also showed double-digit percentages in this regard. The situation has been forecasted to persist as Africa’s older population is expected to remain in single digits even by 2050. Although the share of adults in the total population across Africa is less, these adults still account for a high total. In 2020, 18 African countries had more than 1 million people aged above 60. Nigeria is one of the most densely populated countries in Africa and has a large total older population.