Africa Rising: Harnessing the Demographic Dividend

By Paulo Drummond, Vimal V Thakoor, Shu Yu

August 5, 2014

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Paulo Drummond, Vimal V Thakoor, and Shu Yu. Africa Rising: Harnessing the Demographic Dividend, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We quantify the potential demographic dividend based on the experience of other regions. The dividend will vary across countries, depending on such factors as the initial working age population as well as the speed and magnitude of demographic transition. It will be critical to ensure that the right supportive policies, including those fostering human capital accumulation and job creation, are in place to translate this opportunity into concrete economic growth.

Subject: Aging, Demographic change, Education, Labor, Labor force participation, Population and demographics

Keywords: Africa, Age population, Age share, Aging, Asia and Pacific, Demographic change, Demographic Dividend, Economic Growth, Estimation result, GDP growth, Labor force participation, North America, Northern Europe, Panel Estimates, Real GDP, Share matter, Sub-Saharan Africa, Working age share, WP

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2014/143
Stock No:

WPIEA2014143
ISBN:

9781498379878
ISSN:

1018-5941

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