Originally posted on Blogal Prosperity by the Center for Global Prosperity:
It may be hard to imagine that population growth in Africa could do anything but exacerbate the continents current issues with food shortages and infectious disease. But according to Peter Pham, director of the Atlantic Council’s Michael S. Ansari Africa Center, Africa’s high population growth may propel Africa’s economy forward.
The continent has a young median age of 19.7 and the predicted population growth rate hints that this median may stay low for years to come. Since 2000, Africa’s population has increased from 200 million to 1 billion and the predicted average population growth rate is 2.2 %, compared to .9 % in Asia. The young and large consumer base and workforce in Africa may be just what some African countries need to kick-start their economies.