Russia, Population Growth | Report: Russia’s population could be cut in half

Russia’s economy is facing major challenges due to a significant decline in its population, exacerbated by the war in Ukraine. according to a report published at Business Insider the country has experienced an alarming reduction in the workforce, which threatens both economic growth and stability in general. He now lives measuredly 143,826,000 people in Russia. The report estimates that the population by 2100 could be between 74 and 112 million people.

This problem is exacerbated by an aging population and increased emigration, especially among young and highly educated Russians seeking better opportunities abroad. The report was prepared by Harley Balzer, a professor at Georgetown University, and is part of a series of comments on it current situation in Russia.

You can watch the show here (YouTube).

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Demographics destroy economic growth

The published report claims that Russia’s demographic crisis is one of the biggest obstacles to the country’s economic development. The current decline in population, particularly among young people, has led to a significant reduction in the workforce. An estimate from the Russian Institute of Economics showed that there would be a shortage of five million workers by the end of 2023.

This is due to both low birth rates and an increase in emigration, which is putting more pressure on an already vulnerable economy. The aging population also means higher costs related to healthcare and pensions, which makes the situation worse.

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Population growth in Norway

The situation in Russia is very different from developments in Norway, where the population continues to grow, although it is slower. At the beginning of 2024, the population of Norway was about 5.55 million, with an annual growth of about 0.73%.

This growth is largely driven by immigration, and the birth rate has remained stable at around 1.5 children per woman. Future predictions suggest that the population of Norway increase to approximately 6.1 million by 2060but growth will depend heavily on continued immigration.

At the same time, several other European countries are facing similar challenges to Russia, with declining birth rates and an aging population. This particularly applies to countries such as Germany and Italy, where population growth has slowed, and there are concerns about future economic stability.