Most of the world’s youngest people, particularly Gen Zers, live in these countries

• Among the countries with the most GenZ population are Nigeria, Pakistan, India and Indonesia.
  
• According to the analysis, developing markets where most Gen Zers live have witnessed rapid growth, wealth accumulation and increasing consumption.
  
• According to the EY analysis of World Bank Population Projections and Estimates data for 2020, the next decade will be shaped by the maturation of Generation Z.
  

The world’s population is becoming older but some countries — especially the developing countries have managed to have a higher proportion of young people.

According to the EY analysis of World Bank Population Projections and Estimates data for 2020, while millennials rule the world right now, the next decade will be shaped by the maturation of Generation Z, the largest generational cohort in history.

GenZ is the newest generation and includes people born between 1995 and 2015 — and comprises 1.8 billion people, making up for almost a quarter of the global population.

“India stands out with a population that includes 375 million people — 27% of the total — in Gen Z. On the other extreme is Japan, where Gen Zers make up just 14% of the population,” said the report.

As we celebrate the International Youth Day on August 12, here’s a look at countries with the world’s youngest population —
According to the analysis, developing markets where most Gen Zers live have witnessed rapid growth, wealth accumulation and increasing consumption. Whereas, developed markets, where GenZ population is fewer than the older population experiences low growth and slower consumption.

Hence, developing countries like India envisions a better future for youth than developed countries like Japan or China.

“While millennials today are having their moment, the next decade will be shaped by the maturation of the largest generational cohort in history — Generation Z. This cohort of people between 10 and 24 years old comprises 1.8 billion people, making up 24% of the global population,” said the EY Analysis.

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