South Korea’s birth rate falls to a low point with 300,000 babies born in a country of 51 million people last year, causing a potential demographic disaster
- The country has one of the world’s longest life expectancy and one of the lowest birth rates
- The South Korean government has spent more than $ 148 billion since 2006 to increase the birth rate
- Women in the country have increasingly rejected motherhood because of the heavy childcare
- The population is expected to fall to 39 m in 2067 when the median age will be 62
The birth rate in South Korea has reached a record high since last year the government announced that barely 300,000 babies were born in the nation of 51 million people.
Asia’s fourth largest economy has one of the world’s longest life expectancy and one of the lowest birth rates, giving the country a ticking time bomb.
Statistics Korea said a total of 303,100 babies were born in 2019, 7.3 percent less than the year before.
The fertility rate of the country – the number of children that a woman is expected to have in her life – fell to 0.92, the second consecutive year it was less than one, and far below the 2.1 needed to get a to keep the population stable.
Low birth rates combined with people living much longer put South Korea on the verge of a demographic disaster if authorities cannot resolve the balance in the coming decade
Women in South Korea often propose their career goals to start a family because of the pressure on childcare and related career setbacks in a country where traditional social values and a thick glass ceiling still persist.
Authorities have spent more than 180 trillion ($ 148 billion) spent since 2006 to increase the birth rate, but the population is expected to fall to 39 million in 2067 when the median age will be 62.
According to the Organization for Economic Cooperation and Development (OECD), South Korea’s fertility rate is the lowest in the developed world.
Women is Asia’s fourth largest economy and often rejects motherhood and the associated career delays in favor of pursuing career goals
However, the Asian country is not the only country with a demographic problem.
Last year’s birth rate in England and Wales also reached a historic low with 657,076 children born in a combined population of 58 million – a fall of 3.2 percent over the previous year.
The lowest level since birth rates were first registered 80 years ago.
In the US, the Centers for Disease Control and Prevention (CDC) have revealed that the birth rate in 2018 reached a low of 30 years.
The CDC said 3.79 million babies were born in the 321 million nation.
In addition, data from the Australian Bureau of Statistics showed that fertility rates in the Commonwealth country once again reached a low point despite a record number of babies born.
In 2018 there were 315,417 births registered in the country with more than 24 million people.