Argentina is in the midst of a demographic transition to an older and slower-growing population. The proportion of people under 15 is 25.6%, a little below the world average of 28%, and the proportion of people 65 and older is relatively high at 10.8%. In Latin America this is second only to Uruguay and well above the world average, which is currently 7%. Argentina has one of Latin America's lowest population growth rates as well as a comparatively low infant mortality rate. Its birth rate of 2.3 children per woman is considerably below the high of 7.0 children born per woman in 1895, though still nearly twice as high as in Spain or Italy, which are culturally and demographically similar. The median age is 31.9 years and life expectancy at birth is 77.14 years.