LatAm's Population Will Surpass Europe's in 2038

Latin America will overtake Europe as the World's third-most populous region in 2038 (after Asia and Africa). How come? Since 1974, Europeans have not had enough children to reach the population replacement rate of 2.1—the average number of children born per woman needed for a population to replace itself from one generation to the next, without migration.

But, there's more. We were surprised to learn that since 2014, Latin America has also fallen below the minimum replacement rate. LatAm women are now reproducing at a rate of 1.85, and European women at 1.49. This is according to the latest UN World Population Prospects report, which came out last month. Here are some of the other main takeaways from the UN report, per OWID:

World population will pass 8B this year

It will also peak at 10.4B in 2086

India's population will surpass China next year

Covid-19 caused 15M excess deaths in 2020-21

Global fertility rate is now 2.3 births per woman and will keep declining

So, what does this mean? It depends on who you ask, with both sides causing controversy. Evidence shows that as countries develop, women have fewer children. Elon Musk, among others, says that this crisis is not getting enough attention and that governments should work on reversing the trend (especially if humanity expands beyond Earth).

What is evident is that lower fertility rates and longer life worldwide create an aging population. And while this trend has been evident in the developed World, it appears that it is reaching developing countries sooner rather than later.

This week’s opportunity:

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