The US Census Bureau released data on Thursday showing that the world population increased by 75 million people in the past year and will reach over 8 billion on New Year's Day.

Over the previous year, there was little under 1% global growth. The Census Bureau projects that, as of the start of 2024, there will be two deaths and 4.3 births each second globally.

The US growth rate in the past year was 0.53 percent, about half the worldwide figure. The US added 1.7 million people and will have a population on New Year’s Day of 335.8 million people.

If the current pace continues through the end of the decade, the 2020s could be the slowest-growing decade in US history, yielding a growth rate of less than 4 percent over the 10-year-period from 2020 to 2030, said William Frey, a demographer at The Brookings Institution.

The slowest-growing decade currently was in the aftermath of the Great Depression in the 1930s, when the growth rate was 7.3 percent.