Philippines Population Reaches 112.7 Million – PSA Report
Philippines’ Population Reaches 113 Million in 2024,Growth Rate Slows
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MANILA,Philippines – The Philippine Statistics Authority (PSA) has announced that the countryS population has reached an estimated 113 million as of July 1,2024. This figure encompasses individuals residing in the nation’s 18 administrative regions, and also Filipinos living abroad in embassies, consulates, and missions.
Population Growth and Trends
The latest figures indicate a notable increase of 3.69 million people compared to the 109.04 million recorded in 2020. However, this growth is accompanied by a significant slowdown in the population growth rate.
Decelerating Growth Rate
The annual population growth rate between 2020 and 2024 has been recorded at 0.80 percent. This marks a ample decrease from the 1.63 percent growth rate observed during the period of 2015 to 2020.
Factors Influencing Population Dynamics
The PSA attributes this deceleration in population growth to several key factors:
Lower Fertility Rates: A decline in the number of children born per woman has contributed to slower population expansion. Reduced Birth Rates: Similar to fertility rates,a general decrease in the number of births has also played a role. increased Mortality During COVID-19 Pandemic: The pandemic period saw a rise in mortality rates, impacting the overall population count.
Reduced Migration: Changes in migration patterns, both inward and outward, have also influenced the population figures.
These demographic shifts suggest a maturing population trend in the Philippines, with implications for social services, economic planning, and resource allocation in the coming years. The government and various organizations will likely be analyzing these trends to adapt policies and programs to meet the evolving needs of the Filipino populace.