Population Growth Slowdown To Affect Healthcare Spending

BMI View : It is vital that the French government pays attention to its falling birth rate, rising death rate and subsequent slow down in population growth. Not only is the total population of a country a key variable in consumer demand, but an understanding of the demographic profile is key to understanding issues ranging from future population trends to productivity growth and government spending requirements, such as the healthcare budget.

In Europe, the replacement rate birth rate is considered to be 2.1 children per woman. Data published by France's National Institute of Statistics and Economic Studies (INSEE) reveals that in 2013, France's birth rate fell under the symbolically important figure of 2.1 and as a result the country recorded the lowest population growth in a decade. France's population reached a value of 66mn inhabitants on January 1 2014, up by 280,000 residents or an increase of 0.4% from the previous year.

In 2013, 810,000 births were recorded in France, down by 11,000, from 821,047 births in 2012. INSEE attributed this to a decline in the total fertility rate (TFR) per woman and a decrease in the number of women of child bearing age. In 2013, the TFR fell to 1.99 children per woman, from 2.01 in 2012 and 2.03 in 2010. In 2013, the average age of mothers at birth reached 30.1 years, an increase of 0.6 years in a decade. Between 2003 and 2013, the number of women aged 15 to 50 years decreased by 1.6% and the number of women aged between 20 to 40 years decreased by 3.8%.

Slowing Down
France: Number Of Births

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This article is tagged to:
Sector: Pharmaceuticals & Healthcare
Geography: France