Considering the study by The Lancet forecasts, there will be a decline in global population from the late 21st century. The forecast estimates that in 2064 world population will reach 9.73 billion, after which, by the year 2100, it will decline to 8.79 billion people.
In the light of this forecast Canada immigration will need to be boosted even more. It will be the major driving factor of social and economic progress for Canada. Canada is a country that already prioritizes immigration as its major contributor to the economy.
To improve the competitiveness of immigration Canada will have to take steps that will propel the country’s economy to the forefront. Forecast by researchers project the expectation of Canada’s population to reach a peak at 45.2 million in 2078. This will be followed by a decline to 44.1 million in 2100.
Another forecast by the Conference Board of Canada in 2018 suggested that Canada’s population would grow to 45 million by 2040. For this the immigration levels of the country should reach 1% of the nation’s population per year. It also says that the growth in population will fully depend on immigration by 2030.
These figures are highly relevant as these are based on the fact that a huge portion of Canada’s population growth comes from immigration. In 2019 close to 82% of the population growth was immigrant driven. When compared to just 18% of new births adding to the population the same year as Statistics Canada says. The significance of Canadian immigration is clear from this.
But this number of new births is showing more decline in Canada. The Lancet researchers are already underlining the fact that high-income countries having fertility rates lower than the replacement level should quickly resort to liberal immigration policies.
The study revealed that Canada’s net immigration rates have been highest, along with Sweden and Turkey. If Canada keeps up its openness to immigration, the country will attain high economic growth. This will be as a result of sustained growth of population and expansion of workforce.
It is expected that by 2030, Canada will replace Russia as the 10th largest economy in the world. Canada could even maintain that ranking for the rest of the century. This will translate to a strong GDP and a strong hold on the geopolitical power. This can be achieved by maintaining its working-age population with the help of immigration.
Among rising speculations of population decline across the world, a country like Canada is a top contender. The country is expected to sustain its population through its immigration policies that are liberal. Social policies that offer more support to women will also help. Women will especially get the control over their reproductive rights.
The best efforts of the country will help the country attain a larger overall GDP. Many economic, social, and geopolitical benefits will also follow from maintaining a stable working-age population.
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