The world’s lowest fertility rate is about to get even lower

The world’s lowest fertility rate is about to get even lower

2021-12-09 12:34:00 PM

The world’s lowest fertility rate is about to get even lower

The fertility rate will drop from last year’s 0.84 to just 0.70 in 2024 before gradually rebounding as couples who marry after the pandemic start having children, according to statements by the finance ministry and the statistics office.

South Korea saw the number of deaths exceed births for the first time last year, a development the government labelled the “death cross.” Factoring in migration, Korea’s total population started falling this year, eight years before the government forecast in 2019. 

The country’s population of about 52-million will decline gradually until 2030, then shrink at a more rapid pace to about 38-million by 2070, the same size it was in 1979, according to the statements.

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