U.S. Total Population

Absolute population level — the bottom line of births, deaths, and migration.

340.1Mmillions

Trend YoY growth is +0.7%, slowing by 1 bps/year over the last 63Y. Latest: +1.0%, 28 bps above trend, a 1.4σ deviation. At current levels, YoY would fall to +0.0% by Dec '24 as comparisons tighten.

Level

YoY %

y = 1.3% 1 bps/yr · t

Deviation from trend

Forecast

Projected value by forecast vintage (millions)

Projected value (millions)

Forecast made in201720182019202020212022202320242025202620272028MAPE
2017326.6M329.0M330.9M332.6M333.9M334.4M336.2M339.0M342.3M344.4M346.5M348.6M75%
2018328.5M330.4M332.0M333.2M333.5M335.3M337.9M341.0M341.8M342.3M342.7M67%
2019330.2M331.7M332.8M333.1M334.8M337.3M340.4M340.3M340.1M339.5M77%
2020331.6M332.6M332.8M334.5M336.9M339.9M339.4M338.6M337.4M85%
2021332.1M332.4M333.9M336.3M339.2M337.8M336.0M333.8M101%
2022334.0M335.1M337.8M341.0M341.8M342.4M342.9M67%
2023336.8M339.3M342.9M346.0M349.3M353.0M29%
2024340.1M344.0M348.5M353.7M359.6M
2025344.0M348.5M353.7M359.6M

YoY change forecast

Forecast made in201720182019202020212022202320242025202620272028MAPE
2017+0.7%+0.7%+0.7%+0.7%+0.7%+0.7%+0.7%+0.7%+0.6%+0.6%+0.6%+0.6%75%
2018+0.6%+0.6%+0.5%+0.5%+0.4%+0.4%+0.3%+0.3%+0.2%+0.2%+0.1%67%
2019+0.5%+0.5%+0.4%+0.3%+0.2%+0.1%+0.1%+0.0%-0.1%-0.2%77%
2020+0.4%+0.3%+0.2%+0.1%+0.0%-0.1%-0.2%-0.2%-0.3%85%
2021+0.2%+0.1%+0.0%-0.2%-0.3%-0.4%-0.5%-0.7%101%
2022+0.6%+0.3%+0.3%+0.3%+0.2%+0.2%+0.1%67%
2023+0.8%+0.7%+0.8%+0.9%+1.0%+1.1%29%
2024+1.0%+1.1%+1.3%+1.5%+1.7%
2025+1.1%+1.3%+1.5%+1.7%

Forecasts use ordinary least-squares linear regression fitted to the YoY change series over a rolling 5Y window. Each row shows a vintage — the forecast as it would have appeared at that point in time. Projected values apply the forecasted YoY change to the prior year's level, chaining forward where actuals are unavailable. MAPE measures forecast accuracy against realized values. These are mechanical trend extrapolations, not economic models.