Zimbabwe set to record population boom

Zimbabwe is set to record a significant population surge in the coming decades, according to new projections from the country’s census data by the Zimbabwe National Statistical Agency (ZimStats).

The central estimate, known as the principal projection, forecasts a population of 21,2 million by 2042. This represents a substantial increase from the 15,2 million recorded in the 2022 Population and Housing Census.

The projected growth translates to two key trends.

In absolute terms, the population is expected to swell by approximately six million people over the next 20 years. This translates to a significant percentage increase as well, with projections suggesting a 40 percent expansion by 2042.

While the principal projection provides a central estimate, it’s important to consider potential variations.

Additional projections, encompassing a high and low scenario, have been developed to acknowledge the inherent uncertainties in population forecasting.

The high projection assumes factors like higher fertility rates, greater improvements in mortality rates and lower net emigration (people leaving the country).

The scenario paints a picture of a potentially larger population, reaching 22,8 million by 2042.

Conversely, the low projection assumes lower fertility, slower mortality decline and higher net emigration, resulting in a potential population of 19,7 million by the same year.

The alternative scenarios highlight the range of possibilities for Zimbabwe’s future population, underlining the importance of flexible planning and policy development to address the needs of a growing nation.

A growing population can present a double-edged sword for a nation’s economy. While it can bring challenges in terms of resource allocation, it also offers potential advantages.

A larger population translates to a bigger labour pool. This can fuel economic growth by providing businesses with a wider range of skilled and unskilled workers. Increased human capital can drive innovation and productivity gains.

A larger population also represents a growing consumer market. This can stimulate domestic demand for goods and services, encouraging businesses to invest and expand production, leading to job creation and higher incomes.

In addition, population growth can potentially increase Government revenue through taxes. This additional income can be used to invest in infrastructure, education and healthcare, further improving the overall standard of living.

However, these potential benefits can only be realised with careful planning and policy development. The government will need to address potential challenges associated with a growing population, such as infrastructure strain.

Increased demand for housing, water, sanitation and transportation could strain existing infrastructure. Investment in these areas will be crucial to accommodate the growing population.

The education and healthcare systems will need to expand to cater to the needs of a larger population. Investing in these sectors will ensure a skilled workforce and a healthy citizenry.

While a larger workforce presents opportunities, it’s crucial to create enough jobs to absorb the growing number of workers. Policies promoting entrepreneurship and economic diversification will be essential.-ebusinessweekly