As defined by the Institute of Statistics (INSTAT), the population of Albania was estimated in 2020 at 2,845,955. The country's total fertility rate of 1.51 children born per woman is one of the lowest in the world. Its population density stands at 259 inhabitants per square kilometre. The overall life expectancy at birth is 78.5 years; 75.8 years for males and 81.4 years for females. The country is the 8th most populous country in the Balkans and ranks as the 137th most populous country in the world. The country's population rose steadily from 2.5 million in 1979 until 1989, when it peaked at 3.1 million. It is forecast that the population will continue shrinking for the next decade at least, depending on the actual birth rate and the level of net migration.