Capitalizing on Australia’s Next Decade of Growth

As we step into the next decade, Australia finds itself at a pivotal juncture in its demographic trajectory.

Data from ABS show that Australia’s population (now 27 million) is projected to reach between 34.3 and 45.9 million people by 2071.

In fact, the current ten-year average annual growth rate (1.4%) is projected to decline to between 0.2% and 0.9%.

Meanwhile, the median age (38.5 years) is projected to increase to between 43.8 and 47.6 years.

Projection on population size and change

Projections from the ABS show that Australia’s population (now 27 million) is projected to:

  • increase by an annual average of between 1.2% and 1.7% until June 2032
  • grow by an annual average of between 0.6% and 1.1% per year over the entire projection period
  • reach between 29.2 and 30.8 million people by 2032, and between 34.3 and 45.9 million people by 2071

The ABS said that an assumption of zero net overseas migration has been included to demonstrate the trajectory of Australia’s future population relying entirely on natural increase.

There were 300,700 births and 183,300 deaths during 2021-22, resulting in a natural increase of 117,400 people.

  • The number of births is projected to increase to between 284,700 and 482,700 births per year by 2071.
  • The number of deaths is projected to reach between 378,200 and 402,800 by 2071.
  • Natural increase is projected to be between 118,000 (a decrease) and 104,500 people in 2071.

Projected Natural Increase, Australia

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