This statistic shows the 20 countries with the highest population growth rate in 2024. In SouthSudan, the population grew by about 4.65 percent compared to the previous year, making it the country with the highest population growth rate in 2024. The global population Today, the global population amounts to around 7 billion people, i.e. the total number of living humans on Earth. More than half of the global population is living in Asia, while one quarter of the global population resides in Africa. High fertility rates in Africa and Asia, a decline in the mortality rates and an increase in the median age of the world population all contribute to the global population growth. Statistics show that the global population is subject to increase by almost 4 billion people by 2100. The global population growth is a direct result of people living longer because of better living conditions and a healthier nutrition. Three out of five of the most populous countries in the world are located in Asia. Ultimately the highest population growth rate is also found there, the country with the highest population growth rate is Syria. This could be due to a low infant mortality rate in Syria or the ever -expanding tourism sector.

This statistic shows the 25 largest counties in the United States in 2022, by population. In 2022, about 9.72 million people were estimated to be living in Los Angeles County, California.

Additional information on urbanization in the United States

Urbanization is defined as the process by which cities grow or by which societies become more urban. Rural to urban migration in the United States, and around the world, is often undertaken in the search for employment or to enjoy greater access to services such as healthcare. The largest cities in the United States are steadily growing. Given their size, incremental increases yield considerable numerical gains as seen by New York increasing by 69,777 people in 2011, the most of any city. However in terms of percentage growth, smaller cities outside the main centers are growing the fastest, such as Georgetown city and Leander city in Texas.

Urbanization has increased slowly in the United States, rising from 80.77 percent of the population living in urban areas in 2010 to 82.66 percent in 2020. In 2018, the United States ranked 14th in a ranking of countries based on their degree of urbanization. Unlike fully urbanized countries such as Singapore and Hong Kong, the United States maintains a sizeable agricultural industry. Although technological developments have reduced demands for rural labor, labor in the industry and supporting services are still required.

In 2023, Ukraine had the fastest growing population in Europe. As a result of Ukrainian citizens who had fled Russia's invasion of the eastern European country in 2022 returning to the country in 2023, Ukraine's population grew by 3.68 percent compared to 2022. Excluding this special case, the European countries which saw the greatest population growth in 2023 were Luxembourg, Norway, and Ireland. Overall, Europe's population declined by 0.09 percent in 2022, with this varying by region from a 0.31 percent decline in eastern Europe to an increase of 0.33 percent in northern Europe. All of the countries which saw the largest declines in their population in 2023 were central and eastern European countries which had hosted large numbers of Ukrainian refugees in 2022. Moldova, one of Ukraine's closest neighbours, saw its population decline by 3.6 percent, while Poland's population declined by 2.2 percent, and Slovakia's by 1.8 percent.

Forecasts indicate significant growth in the e-commerce sectors of Asia and America in 2023. Topping the list are Mexico and the Philippines, poised for a surge of approximately 25 percent and 24 percent in online sales, respectively. Following closely behind, Malaysia secures the third spot with an 18 percent growth rate. Meanwhile, Argentina and Brazil were expected to outpace other nations, with e-retail sales forecast to grow by over 15 percent.

A growing global e-retail market Partly fueled by a rapid increase in internet users worldwide over recent years, along with mobility constraints and the shutdown of physical stores during the COVID-19 pandemic, the global e-commerce retail market expanded fourfold from 2014 to 2022. Central to this growth has been the widespread adoption of mobile commerce, which entails online shopping through smartphones, particularly prominent in various regions of the global South. Forecasts suggested that m-commerce sales in Argentina are poised to surge by around 2.4 times between 2022 and 2026.

Fast-growing markets fueled by local players While online retail giants Amazon and Alibaba Group wield global dominance in the e-commerce landscape, they do not hold the top positions in many of the fastest-growing e-commerce markets. Based on monthly website traffic, Singaporean e-retailer Shopee is the leading e-commerce site in Singapore by a significant margin. This trend is even more pronounced in Argentina, where Mercado Libre garners nearly 50 times the traffic witnessed on Amazon's Spanish page, amazon.es.

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2023. In 2023, Guyana ranked 2nd with an estimated GDP growth of approximately 32.96 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

In the Cook Islands in 2024, the population decreased by about 2.24 percent compared to the previous year, making it the country with the highest population decline rate in 2024. Of the 20 countries with the highest rate of population decline, the majority are island nations, where emigration rates are high (especially to Australia, New Zealand, and the United States), or they are located in Eastern Europe, which suffers from a combination of high emigration rates and low birth rates.

Reflects housing density depicting where humans and their structures meet or intermix with wildland fuels.Colorado is one of the fastest growing states in the Nation, with much of this growth occurring outside urban boundaries. This increase in population across the state will impact counties and communities that are located within the Wildland Urban Interface (WUI). The WUI is described as the area where structures and other human improvements meet and intermingle with undeveloped wildland or vegetative fuels. Population growth within the WUI substantially increases the risk from wildfire.The Wildland Urban Interface (WUI) layer reflects housing density depicting where humans and their structures meet or intermix with wildland fuels. In the past, conventional wildland-urban interface data sets, such as USFS SILVIS, have been used to reflect these concerns. However, USFS SILVIS and other existing data sources did not provide the level of detail needed by the Colorado State Forest Service and local fire protection agencies, particularly reflecting encroachment into urban core areas.The new WUI data set is derived using advanced modeling techniques based on the Where People Live (housing density) data set and 2021 LandScan USA population count data available from the Department of Homeland Security, HSIP data. WUI is simply a subset of the Where People Live data set. The primary difference is populated areas surrounded by sufficient non-burnable areas (i.e. interior urban areas) are removed from the Where People Live data set, as these areas are not expected to be directly impacted by a wildfire. Fringe urban areas, i.e. those on the edge of urban areas directly adjacent to burnable fuels are included in the WUI. Advanced encroachment algorithms were used to define these fringe areas.Data is modeled at a 20-meter grid cell resolution, which is consistent with other CO-WRA layers. The WUI classes are based on the number of houses per acre. Class breaks are based on densities well understood and commonly used for fire protection planning.

Nigeria has the largest population in Africa. As of 2024, the country counted over 232.6 million individuals, whereas Ethiopia, which ranked second, has around 132 million inhabitants. Egypt registered the largest population in North Africa, reaching nearly 116 million people. In terms of inhabitants per square kilometer, Nigeria only ranks seventh, while Mauritius has the highest population density on the whole African continent. The fastest-growing world region Africa is the second most populous continent in the world, after Asia. Nevertheless, Africa records the highest growth rate worldwide, with figures rising by over two percent every year. In some countries, such as Niger, the Democratic Republic of Congo, and Chad, the population increase peaks at over three percent. With so many births, Africa is also the youngest continent in the world. However, this coincides with a low life expectancy. African cities on the rise The last decades have seen high urbanization rates in Asia, mainly in China and India. However, African cities are currently growing at larger rates. Indeed, most of the fastest-growing cities in the world are located in Sub-Saharan Africa. Gwagwalada, in Nigeria, and Kabinda, in the Democratic Republic of the Congo, ranked first worldwide. By 2035, instead, Africa's fastest-growing cities are forecast to be Bujumbura, in Burundi, and Zinder, Nigeria.

According to Cognitive Market Research, the global Portland Slag Cement Mixture market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The <30% Slag Type category is the fastest growing segment of the Portland Slag Cement Mixture industry

Market Dynamics of Portland Slag Cement Mixture Market

Key Drivers for Portland Slag Cement Mixture Market

Rising Urbanization and Population Growth to Boost Market Growth

Urbanization is rapidly accelerating worldwide, particularly in developing regions, driving increased demand for residential and commercial buildings. Globally, an ever-growing portion of the population is residing in cities. In 2012, 52.5% of the world’s population lived in urban areas, and this figure was projected to rise to 56.9% by 2022. Urbanization levels are generally higher in developed countries, where 79.7% of the population lived in cities in 2022, compared to 52.3% in developing nations. In the least developed countries (LDCs), only 35.8% of the population lives in urban areas. In China, national real estate development investment in 2022 totaled 13,289.5 billion yuan, marking a 10.0% decrease from the previous year, with residential investment falling 9.5% to 10,064.6 billion yuan. Portland Slag Cement (PSC) is frequently used in the construction of high-rise buildings, industrial facilities, and infrastructure due to its enhanced durability and reduced permeability. As urban areas expand, the demand for cost-effective, durable building materials like PSC continues to grow.

Growing Infrastructure Development to Drive Market Growth

The demand for Portland Slag Cement (PSC) is being fueled by large-scale infrastructure projects in developing regions, particularly in Asia-Pacific, the Middle East, and Africa. In 2023, the U.S. federal government allocated $44.8 billion to infrastructure and provided an additional $81.5 billion to states. Around 44% of this federal transportation and infrastructure funding went to highway projects, 23% to air travel, 22% to rail and mass transit, and 10% to water infrastructure. Governments in these developing regions are making significant investments in roads, bridges, railways, and urban infrastructure, all requiring durable and cost-effective materials. PSC is favored for such projects due to its durability and long-term strength, particularly in coastal and industrial areas where resistance to chemical attacks is crucial.

Restraint Factor for the Portland Slag Cement Mixture Market

High Initial Production Costs and Inconsistent Quality of Slag Will Limit Market Growth

One of the primary challenges in the Portland Slag Cement market is the higher initial production cost compared to ordinary Portland cement. The processing of granulated blast furnace slag (GBFS) and blending it with cement clinker requires specialized equipment, energy, and technology, which can increase operational costs. Although PSC may offer long-term cost savings due to its durability and lower maintenance requirements, the higher initial costs can deter some construction companies, especially in regions where cost-sensitive projects dominate. The quality of granulated blast furnace slag used in PSC production can vary significantly depending on the steel manufacturing process, which can affect the overall quality and performance of the cement. Inconsistent slag quality can lead to variations in the physical and chemical properties of the final product, s...

According to Cognitive Market Research, the global Facility Management System market size will be USD 51421.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 20568.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15426.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 11826.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2571.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1028.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.
The Healthcare category is the fastest growing segment of the Facility Management System industry

Market Dynamics of Facility Management System Market

Key Drivers for Facility Management System Market

Increasing Adoption of Cloud-based Solutions to Boost Market Growth

One way to characterize cloud-based solutions is as subscription-based or on-demand applications. Additionally, the FM sector offers organizations customizable solutions that are simple to use and require less upkeep. Due to the growth of IoT applications, increased internet penetration, and the spike in smart device adoption, there is a growing demand for cloud-based solutions worldwide. One of the issues with the current practices in the many fields of facility management is that each facility is managed by its stakeholders separately from the management of other facilities of a similar nature. Smart machinery and sensor-based bridge infrastructures are managed via a cloud-based platform. One of its two uses is the suggested cloud-based platform, which is intended to support and oversee several smart facilities. This contributes to the expansion of the facilities management sector.

Change in Organization Culture and Work Style to Drive Market Growth

The culture of organizations is changing quickly as a result of globalization. Businesses are broadening the scope of their operations and workplace cultures. Innovation and technological progress have an impact on workplace culture. The organizational culture and work style are being driven by the demand for flexible scheduling, decentralization of power, and work from home options. Furthermore, this culture is made up of common values and beliefs that are created by leaders and then disseminated and reaffirmed by a variety of channels, ultimately influencing the attitudes, actions, and comprehension of employees. Every action an organization takes is framed by its organizational culture. Changes in organizational culture and work style therefore contribute to the expansion of the FM business. The facility management industry is expected to increase as a result of these factors.

Restraint Factor for the Facility Management System Market

Lack of Skilled Personnel and Capital in Emerging Economies will Limit Market Growth

In emerging countries like Africa, Chile, and others, education is not expanding at the same rate as their economies. Therefore, the shortage of competent employees and personnel in large firms in emerging countries is one reason preventing the market share from growing. For example, almost 48% of people in developing countries like China, India, and others are still illiterate. Over 781 million adults in developing countries—including those in South Asia, West Asia, and Africa—are illiterate. The majority of people in developing nations therefore believe that paying for facilities management services is a waste of money. The growth of the global market is therefore expected to be constrained by social cohesiveness, a shortage of skilled labor, and a lack of capital in developing countries such as China, India, and others.

Impact of Covid-19 on the Facility Management System Market

The market for facility management systems (FMS) was greatly impacted by the COVID-19 pande...

In 2020, about 82.66 percent of the total population in the United States lived in cities and urban areas. As the United States was one of the earliest nations to industrialize, it has had a comparatively high rate of urbanization over the past two centuries. The urban population became larger than the rural population during the 1910s, and by the middle of the century it is expected that almost 90 percent of the population will live in an urban setting. Regional development of urbanization in the U.S. The United States began to urbanize on a larger scale in the 1830s, as technological advancements reduced the labor demand in agriculture, and as European migration began to rise. One major difference between early urbanization in the U.S. and other industrializing economies, such as the UK or Germany, was population distribution. Throughout the 1800s, the Northeastern U.S. became the most industrious and urban region of the country, as this was the main point of arrival for migrants. Disparities in industrialization and urbanization was a key contributor to the Union's victory in the Civil War, not only due to population sizes, but also through production capabilities and transport infrastructure. The Northeast's population reached an urban majority in the 1870s, whereas this did not occur in the South until the 1950s. As more people moved westward in the late 1800s, not only did their population growth increase, but the share of the urban population also rose, with an urban majority established in both the West and Midwest regions in the 1910s. The West would eventually become the most urbanized region in the 1960s, and over 90 percent of the West's population is urbanized today. Urbanization today New York City is the most populous city in the United States, with a population of 8.3 million, while California has the largest urban population of any state. California also has the highest urbanization rate, although the District of Columbia is considered 100 percent urban. Only four U.S. states still have a rural majority, these are Maine, Mississippi, Montana, and West Virginia.

The world's population first reached one billion people in 1803, and reach eight billion in 2023, and will peak at almost 11 billion by the end of the century. Although it took thousands of years to reach one billion people, it did so at the beginning of a phenomenon known as the demographic transition; from this point onwards, population growth has skyrocketed, and since the 1960s the population has increased by one billion people every 12 to 15 years. The demographic transition sees a sharp drop in mortality due to factors such as vaccination, sanitation, and improved food supply; the population boom that follows is due to increased survival rates among children and higher life expectancy among the general population; and fertility then drops in response to this population growth. Regional differences The demographic transition is a global phenomenon, but it has taken place at different times across the world. The industrialized countries of Europe and North America were the first to go through this process, followed by some states in the Western Pacific. Latin America's population then began growing at the turn of the 20th century, but the most significant period of global population growth occurred as Asia progressed in the late-1900s. As of the early 21st century, almost two thirds of the world's population live in Asia, although this is set to change significantly in the coming decades. Future growth The growth of Africa's population, particularly in Sub-Saharan Africa, will have the largest impact on global demographics in this century. From 2000 to 2100, it is expected that Africa's population will have increased by a factor of almost five. It overtook Europe in size in the late 1990s, and overtook the Americas a decade later. In contrast to Africa, Europe's population is now in decline, as birth rates are consistently below death rates in many countries, especially in the south and east, resulting in natural population decline. Similarly, the population of the Americas and Asia are expected to go into decline in the second half of this century, and only Oceania's population will still be growing alongside Africa. By 2100, the world's population will have over three billion more than today, with the vast majority of this concentrated in Africa. Demographers predict that climate change is exacerbating many of the challenges that currently hinder progress in Africa, such as political and food instability; if Africa's transition is prolonged, then it may result in further population growth that would place a strain on the region's resources, however, curbing this growth earlier would alleviate some of the pressure created by climate change.

In 2023, it is estimated that the BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world population. The majority of these people live in either China or India, which have a population of more than 1.4 billion people each, while the other three countries have a combined population of just under 420 million. Comparisons Although the BRICS countries are considered the five foremost emerging economies, they are all at various stages of the demographic transition and have different levels of population development. For all of modern history, China has had the world's largest population, but rapidly dropping fertility and birth rates in recent decades mean that its population growth has slowed. In contrast, India's population growth remains much higher, and it is expected to overtake China in the next few years to become the world's most populous country. The fastest growing population in the BRICS bloc, however, is that of South Africa, which is at the earliest stage of demographic development. Russia, is the only BRICS country whose population is currently in decline, and it has been experiencing a consistent natural decline for most of the past three decades. Growing populations = growing opportunities Between 2000 and 2026, the populations of the BRICS countries is expected to grow by 625 million people, and the majority of this will be in India and China. As the economies of these two countries grow, so too do living standards and disposable income; this has resulted in the world's two most populous countries emerging as two of the most profitable markets in the world. China, sometimes called the "world's factory" has seen a rapid growth in its middle class, increased potential of its low-tier market, and its manufacturing sector is now transitioning to the production of more technologically advanced and high-end goods to meet its domestic demand.

Niger had the highest birth rate in the world in 2024, with a birth rate of 46.6 births per 1,000 inhabitants. Angola, Benin, Mali, and Uganda followed. Except for Afghanistan, all the 20 countries with the highest birth rates in the world were located in Sub-Saharan Africa. High infant mortality The reasons behind the high birth rates in many Sub-Saharan African countries are manyfold, but a major reason is that infant mortality remains high on the continent, despite decreasing steadily over the past decades, resulting in high birth rates to counter death rates. Moreover, many nations in Sub-Saharan Africa are highly reliant on small-scale farming, meaning that more hands are of importance. Additionally, polygamy is not uncommon in the region, and having many children is often seen as a symbol of status. Fastest growing populations As the high fertility rates coincide with decreasing death rates, countries in Sub-Saharan Africa have the highest population growth rates in the world. As a result, with Africa's population forecast to increase from 1.4 billion in 2022 to over 3.9 billion by 2100.

The fastest growing economy in Europe in 2024 was Malta. The small Mediterranean country's gross domestic product grew at five percent in 2024, beating out Montenegro which had a growth rate of almost four percent and the Russian Federation which had a rate of 3.6 percent in the same year. Estonia was the country with the largest negative growth in 2024, as the Baltic country's economy shrank by 0.88 percent compared with 2023, largely as a result of the country's exposure to the economic effects of Russia's invasion of Ukraine and the subsequent economic sanctions placed on Russia. Germany, Europe's largest economy, experience economic stagnation with a growth of 0.1 percent. Overall, the EU (which contains 27 European countries) registered a growth rate of one percent and the Eurozone (which contains 20) grew by 0.8 percent.

The population in Africa was forecast to expand annually by an average of 2.37 percent between 2020 and 2025. Over 20 countries might grow above this rate, with Niger leading by an annual population change of 3.7 percent in the mentioned period. Angola was expected to follow, with an average population growth of 3.15 percent annually. Overall, Africa has recorded a faster population growth compared to other world regions. The continent's population almost doubled in the last 25 years.

In 2023, the real gross domestic product (GDP) in the Philippines grew by approximately 5.55 percent, marking the highest growth rate in Southeast Asia. In comparison, Singapore's real GDP growth rate dropped to less than 1.1 percent. Most Southeast Asian economies are projected to see an increase in their real GDP growth rates in 2025 compared to 2023, except for Laos and Myanmar. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises 11 countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

The 1973-1975 recession marked the end of a remarkably prosperous period for developed economies. Apart from the United States, who experienced a brief recession in 1969-70, the other nations had enjoyed a period of uninterrupted growth in the 25 years leading up to this event. Japan in particular had the fastest growth of any major economy. This ended, however, following the 1973 oil crisis, which saw the member states of the OAPEC (Organization of Arab Petroleum Exporting Countries) place an embargo on the nations who supported Israel during the Yom Kippur War, particularly the U.S., who supplied arms to Israel. As a result, oil prices quadrupled in some periods; the U.S. and most of its major economic partners then went into recession due to their dependency on oil imports. Additional factors exacerbated the effects of the recession in each country, such as the miners' strike in the United Kingdom, or Nixon's unstable economic policies in the early 1970s. It was not until 1976 when the major OECD economies would come out of their recession, although real GDP growth rates would not return to the consistent highs experienced in the 1950s and 1960s. Additionally, while GDP growth resumed within a few years, inflation rates and unemployment rates generally remained higher going into the 1980s.

In 2024, Niger's real GDP is estimated to grow by 10.4 percent compared to the previous year. During 2023, the GDP is estimated to have increased by only 1.4 percent, nevertheless a positive trend. The country's real GDP is forecast to continue growing but at a slower pace. Between 2025 and 2029, it is expected to grow annually by roughly six percent. Furthermore, the GDPs of Senegal, Libya, and Rwanda might increase by around 8.3 percent, 7.8 percent, and 6.9 percent during 2024, respectively. Niger: A dependence on agriculture A large portion of Niger's economy comes from agriculture. In 2022, agriculture accounted for almost 40 percent of the GDP. Niger is not the only country in Africa where agriculture plays a crucial role. For example, agriculture made up nearly 60 percent of Sierra Leone’s GDP in 2022. Such dependence could mean that any disruptions in the agricultural products market could have significant effects on the country's GDP. Sub-Saharan Africa's economy will be among the fastest-growing regions worldwide Three African countries have significantly larger economies, namely, Nigeria, South Africa, and Egypt. As of 2022, these countries' GDP stood at nearly 477.4 billion, 475.2 billion, and 405.7 billion U.S. dollars. Furthermore, it is anticipated that Sub-Saharan Africa's GDP growth in 2026 will rank as the second-fastest growing economic region in the world after the ASEAN-5 countries, with a growth rate of approximately four percent. In contrast, economic areas such as the European Union are forecast to grow at only about 1.5 percent in the same year.

The world population surpassed eight billion people in 2022, having doubled from its figure less than 50 years previously. Looking forward, it is projected that the world population will reach nine billion in 2038, and 10 billion in 2060, but it will peak around 10.3 billion in the 2080s before it then goes into decline. Regional variations The global population has seen rapid growth since the early 1800s, due to advances in areas such as food production, healthcare, water safety, education, and infrastructure, however, these changes did not occur at a uniform time or pace across the world. Broadly speaking, the first regions to undergo their demographic transitions were Europe, North America, and Oceania, followed by Latin America and Asia (although Asia's development saw the greatest variation due to its size), while Africa was the last continent to undergo this transformation. Because of these differences, many so-called "advanced" countries are now experiencing population decline, particularly in Europe and East Asia, while the fastest population growth rates are found in Sub-Saharan Africa. In fact, the roughly two billion difference in population between now and the 2080s' peak will be found in Sub-Saharan Africa, which will rise from 1.2 billion to 3.2 billion in this time (although populations in other continents will also fluctuate). Changing projections The United Nations releases their World Population Prospects report every 1-2 years, and this is widely considered the foremost demographic dataset in the world. However, recent years have seen a notable decline in projections when the global population will peak, and at what number. Previous reports in the 2010s had suggested a peak of over 11 billion people, and that population growth would continue into the 2100s, however a sooner and shorter peak is now projected. Reasons for this include a more rapid population decline in East Asia and Europe, particularly China, as well as a prolongued development arc in Sub-Saharan Africa.