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- South Korea has once again shattered its own record for the world’s lowest fertility rate. South Korean women were estimated, based on 2021 data, to have an average of just 0.81 children over their lifetimes, down from 0.84 a year earlier. The number of newborns declined in 2021 to 260,600, which equates to about 0.5% of the population.
- According to the United Nations’ global population projections and World Bank’s data, the report further stated that Korea is the world’s fastest-ageing nation among economies with a per capita GDP of at least $30,000. By 2100, its population will fall by 53% to 24 million, up from a 43% decline forecast in 2019. Bank of Korea Governor Rhee Chang-Yong, who took office earlier this year, warned in April that the nation’s economy is on the verge of secular stagnation as the population ages and productivity slows.
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Published date : 27 Aug 2022 06:00PM
