Population Growth Rate Calculator
Calculate the growth rate of a population over a specific period using standard demographic formulas. This tool computes the total percentage change and the Compound Annual Growth Rate (CAGR).
Results:
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Understanding how a population changes over time is crucial for demographics, urban planning, and environmental studies. The "growth rate" can be expressed in a few ways depending on the time frame involved.
1. The Basic Percentage Growth Formula
If you want to know the total percentage change between two points in time, regardless of how many years passed between them, you use this simple formula:
Growth Rate (%) = ((Final Population – Initial Population) / Initial Population) × 100
This tells you that the population grew by X% in total over the entire period.
2. The Annualized Growth Formula (CAGR)
When dealing with population changes over multiple years, a simple average is often inaccurate because populations grow compoundingly (new members of the population also reproduce). Demographers prefer the Compound Annual Growth Rate (CAGR). This formula calculates a smoothed annualized rate.
CAGR (%) = ((Final Population / Initial Population)^(1 / Number of Years) – 1) × 100
This calculator provides both metrics, focusing on CAGR as the standard measure for annual demographic change.
Example Calculation
Let's look at a realistic demographic example using the formulas above:
- Initial Population (Year 2010): 500,000
- Final Population (Year 2020): 650,000
- Time Period: 10 Years
Using the calculator above:
- The Absolute Change is an increase of 150,000 people.
- The Total Percentage Growth over the decade is 30.00%.
- The Compound Annual Growth Rate (CAGR) is 2.66% per year. This means the population grew at an average compounded rate of 2.66% annually to reach the final number.